EDC faulted: Comptroller found waterfront restaurant violated lease’s revenue- reporting and site-improvement requirements. An audit by City Comptroller John C. Liu concluded that MDO Development Corporation violated its lease agreement for a City-owned site occupied by the Water Club restaurant along the East River between East 30th and 32nd Streets in Manhattan. The audit found, among other things, that MDO did not accurately report revenue from the restaurant and failed to make required site improvements. … <Read More>
Search Results for: Lease
Community Benefit Agreements report released
Task force proposed a framework for negotiating future Community Benefit Agreements related to publicly assisted development projects. A Community Benefit Agreement (CBA) is a private agreement negotiated between developers and community groups in order to garner support for real estate development projects. In exchange for community support, a developer may agree to provide amenities, such as infrastructure improvements or wage guarantees which are not required by the City’s land use review process. Since 2005, … <Read More>
Sanitation withdraws garage lease applications
Proposal to negotiate long-term leases for existing garage serving neighboring community district faced local opposition. On October 13, 2010, the Department of Sanitation withdrew a proposal that would have allowed Sanitation to negotiate long-term leases for two privately owned lots that it uses as a maintenance facility in East Williamsburg, Brooklyn. Sanitation has occupied a one-story garage at 525 Johnson Avenue since 1954 and an open parking lot across the street at 145 Randolph Street … <Read More>
New community garden preservation rules released
Parks intends to preserve community gardens under its jurisdiction. There are more than 600 community gardens participating in the City’s GreenThumb Program. Since 2001, gardens on City-owned lots have been administered pursuant to practices memorialized in a 2002 agreement between the City and the State Attorney General’s Office, which expired on September 17, 2010. Prior to its expiration, the Department of Parks and Recreation published a new set of rules that codified and strengthened the … <Read More>
City releases revised CEQR Technical Manual
Guidance for greenhouse gas emissions analysis and PlaNYC assessment among additions to manual. On May 17, 2010, the Mayor’s Office of Environmental Coordination released the revised City Environmental Quality Review (CEQR) Technical Manual. The manual summarizes the City’s environmental review process and provides guidance on the analysis of potential environmental impacts from projects undertaken directly by the City, financed by the City, or that rely on permits or approvals from the City. The City published … <Read More>
Audit cites EDC for major violations of E. River lease
Comptroller asserts that insufficient oversight could cost City $6.1 million. A June 2008 audit by City Comptroller William C. Thompson concluded that New York Skyports, Inc. violated its lease agreement for a two-acre City-owned East River site, creating a potential cost of $6.1 million to the City.
Originally executed with the Gulf Oil Corp in 1959, the lease allowed the construction of a parking garage over the East River and the additional use of the … <Read More>