A01820 Summary:

BILL NO    A01820 

SAME AS    SAME AS S01597

SPONSOR    Jeffries (MS)

COSPNSR    Brennan, Millman

MLTSPNSR   

Amd S2827-a, Pub Auth L

Authorizes the Urban Development Corporation to create a subsidiary corporation
for the purpose of the further planning, design, and oversight of the Atlantic
Yards land use improvement and civic project.
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A01820 Memo:

BILL NUMBER:A1820

TITLE  OF BILL:  An act to amend the public authorities law, in relation
to creating a subsidiary corporation for the planning and  oversight  of
the Atlantic yards project

PURPOSE  OR  GENERAL IDEA OF BILL: The purpose of this bill is to estab-
lish a project oversight entity, to supervise the Atlantic Yards Project
in order  to  create  increased  accountability  and  oversight  in  the
project's governance.

SUMMARY  OF  PROVISIONS: Section 2827-a of the public authorities law is
amended by adding a new subdivision 8 to read as follows: Creation of  a
subsidiary  corporation,  in 'accordance with section twelve of New York
state urban development corporation act, for the purpose of the  further
planning,  design  and oversight of the Atlantic Yards land use improve-
ment and civic project.

JUSTIFICATION: New York State projects in New York  City  are  typically
governed  in  one  of  two ways. The State can pass specific legislation
relating to the project, as it did with Battery  Park  City  and  Hudson
River  Park.  Alternatively,  the  State  can  govern projects under the
powers granted to it by the UDC Act of 1968, which it does with Brooklyn
Bridge Park, Queens West, Moynihan Station, and other projects. In  many
cases,  the  Empire State Development Corporation (ESDC) has established
subsidiaries to formally involve the city and local elected officials in
the governance of these projects.

However, they are not obliged to do so by  law  and,  unique  among  the
large  state  projects  in New York City, there is no project subsidiary
for Atlantic Yards. The result is that the project is governed in a less
transparent, less accountable manner than comparable projects, and with-
out any vehicle for coordinating the city and state agencies involved in
the proposed development, or involving local elected officials  and  the
relevant  community  boards. Further, changes in administration in State
government, as well as-changes in the ESOC's internal organization, pose
risks to the continuity of project  oversight  which  may  threaten  the
realization of Atlantic Yards' stated goals.

To  address this, the proposed legislation would establish a subsidiary.
corporation for the oversight of the Atlantic Yards project. The  entity
would be created to undertake four primary responsibilities.

First,  oversee  the  implementation  of  the  design guidelines for the
architecture of the project. Second, coordinate the involvement of state
and city agencies responsible for the environmental impact  mitigations.
Third,  coordinate  the  development  of policy surrounding the project,
including transportation concerns. Lastly, approve changes to the gener-
al project plan.

PRIOR LEGISLATIVE HISTORY:

2009-2010 (A.11431/S.8193) Referred to Ways and Means

EFFECTIVE DATE: This act shall take effect immediately.
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A01820 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         1820

                              2011-2012 Regular Sessions

                                 I N  A S S E M B L Y

                                   January 12, 2011
                                      ___________

       Introduced  by  M.  of A. JEFFRIES, BRENNAN -- read once and referred to
         the Committee on Corporations, Authorities and Commissions

       AN ACT to amend the public authorities law, in relation  to  creating  a
         subsidiary  corporation for the planning and oversight of the Atlantic
         yards project

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section  1. Section 2827-a of the public authorities law is amended by
    2  adding a new subdivision 8 to read as follows:
    3    8. NOTWITHSTANDING SUBDIVISION ONE OF THIS SECTION, THE URBAN DEVELOP-
    4  MENT CORPORATION IS HEREBY AUTHORIZED AND DIRECTED TO  IMMEDIATELY  TAKE
    5  ALL  ACTION  TO  CREATE  A  SUBSIDIARY  CORPORATION,  IN ACCORDANCE WITH
    6  SECTION TWELVE OF THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION  ACT,
    7  FOR  THE  PURPOSE  OF  THE FURTHER PLANNING, DESIGN AND OVERSIGHT OF THE
    8  ATLANTIC YARDS LAND USE IMPROVEMENT AND CIVIC PROJECT.
    9    S 2. This act shall take effect immediately, provided that the subsid-
   10  iary corporation authorized in section one of this act must  be  created
   11  within 60 days of such authorization.





        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04682-01-1
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