Section 25-422.1. Times Square business improvement district

a. The city
  council having determined, pursuant to subdivision b of  section  25-410
  of  chapter  four  of  this  title, that it is in the public interest to
  authorize an increase in the amount to be expended annually in the Times
  Square business improvement district beginning on July 1, 2007, and  the
  council   having  determined  further  that  the  tax  and  debt  limits
  prescribed in section 25-412 of chapter four of this title will  not  be
  exceeded  by  such  increased expenditure, there is hereby authorized in
  such district an annual expenditure of ten million four hundred thousand
  dollars ($10,400,000).
    b. The amount of such expenditure to be levied upon each  property  in
  the  district  shall  be  determined  in  accordance  with the method of
  assessment set forth in the Times Square business  improvement  district
  plan.