Local Law addressing personal liability provisions in commercial leases raises constitutional law discussion. On May 26, 2020, Mayor Bill de Blasio signed seven COVID-19 relief bills into law during New York City’s first ever virtual bill signing. Among the laws, Local Law 55 of 2020, sponsored by Council Member Carlina Rivera, temporarily prevents the enforcement of personal liability provisions in commercial leases or rental agreements involving COVID-19 impacted tenants. The law also makes it a … <Read More>
Search Results for: COVID-19 Relief
The City’s Tax Lien Sale Now Delayed Until Late September
Governor Cuomo signs executive order to delay tax lien sale. On September 4, 2020, New York City Mayor Bill de Blasio announced a delay of the City’s annual tax lien and water lien sale. The sale which was originally scheduled for May 2020 and was postponed to September 4, 2020, as a result of the COVID-19 pandemic, will now take place on September 25, 2020. The announcement comes after New York Governor Andrew Cuomo signed … <Read More>
City Council Holds Hearing on Open Restaurants Plan
Open Restaurants Plan intended for Phase 2 start. On June 4, 2020, New York City Mayor Bill de Blasio announced the Open Restaurants seating program and the Council Committee on Consumer Affairs and Business Licensing held the public hearing on Intro 1957, a bill that would create the temporary outdoor dining space. The bill is sponsored by Council Member Antonio Reynoso and was introduced at the May 28th, 2020 Stated Meeting.
NYC Banking Commission Recommends Eliminating Interest on July Property Tax Payments
The recommendation will also impact interest rates for small property owners not impacted by COVID-19. On May 13, 2020, the New York City Banking Commission recommended that the City Council create a new hardship exemption to eliminate interest on late payments for property taxes due in July for small property owners who faced financial hardship due to COVID-19. The Banking Commission is comprised of Mayor Bill de Blasio, Department of Finance Commissioner Jacques Jiha, and … <Read More>