AMENDED AND RESTATED CONTRACT between THE CITY OF NEW YORK NEW YORK CITY ...

215 Pages·2016·18.95 MB·English

AMENDED AND RESTATED CONTRACT
between
THE CITY OF NEW YORK
and
NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION
Dated as of June 30, 2015
(Commencement Date July 1, 2015)
Relating to New York City Economic Development Corporation's performing certain
economic development services for The City of New York.
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CONTENTS PAGE
ARTICLE 1 GENERAL PROVISIONS ..................................................................................... 2
Section 1.01 Definitions ................................................................................................ 2
Section 1.02 Program .................................................................................................. 11
Section 1.03 Term ....................................................................................................... 12
Section 1.04 Payment Generally; Program Budget .................................................... 13
Section 1.05 Indemnification and Merger of Former EDC with and into New York
City Economic Growth Corporation ...................................................... 14
ARTICLE 2 PROGRAM SCOPE ............................................................................................. 14
Section 2.01 Development Projects ............................................................................ 14
Section 2.02 In-Place Program ................................................................................... 15
Section 2.03 Land Disposition .................................................................................... 15
Section 2.04 Capital Management and Other Services ............................................... 16
Section 2.05 Project Employment ............................................................................... 17
Section 2.06 General Scope of Financial Services ..................................................... 17
Section 2.07 Purpose of Financial Services Program ................................................. 20
Section 2.08 Implementation of Financial Services Program ..................................... 21
ARTICLE 3 PROGRAM IMPLEMENTATION ...................................................................... 22
Section 3.01 Program Activities ................................................................................. 22
Section 3 .02 Approval of Specific Projects ................................................................ 24
Section 3.03 Project Fees ............................................................................................ 26
Section 3.04 Proposed Program Budget and Financial Plan ............................. :. ........ 26
Section 3.05 Program Personnel ................................................................................. 27
Section 3.06 OTPS ...................................................................................................... 27
Section 3.07 Fees for Program Activities ................................................................... 28
Section 3.08 Sales Tax Exemption ............................................................................. 34
Section 3.09 Minimum Wage ..................................................................................... 34
Section 3.10 Procedures for the Revolving Loan Fund .............................................. 35
Section 3 .11 (Intentionally Left Blank) ...................................................................... 35
Section 3.12 Procedures for the Micro Loan Program ............................................... 35
Section 3 .13 General Loan Procedures ........................................................................ 3 6
Section 3.14 Loan Repayments ................................................................................... 38
Section 3 .15 Checkbook NYC .................................................................................... 41
ARTICLE 4 CONTRACTS BY THE CORPORATION .......................................................... 41
Section 4.01 Procurement ........................................................................................... 41
Section 4.02 Provisions to be Included in Construction Contracts ............................. 49
Section 4.03 Required Provisions; Enforcement ........................................................ 52
Section 4.04 Provisions to be Included in Consulting Contracts ................................ 52
Section 4.05 Deputy Mayor's Approval Before Contracting ...................................... 53
Section 4.06 Insurance ................................................................................................ 54
Section 4.07 Employment Opportunities .................................................................... 55
Section 4.08 Loan, Guarantee and Subsidy Agreements ............................................ 55
ARTICLE 5 PAYMENT ........................................................................................................... 56
Section 5.01 Payment Procedure ................................................................................ 56
Section 5.02 Miscellaneous Payment Provisions ........................................................ 57
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ARTICLE 6 CORPORATION INSURANCE .......................................................................... 58
Section 6.01 Insurance ................................................................................................ 58
Section 6.02 Notice of Claim ...................................................................................... 59
Section 6.03 Copies of Policies .................................................................................. 59
Section 6.04 Notice Provisions ................................................................................... 59
ARTICLE 7 RECORDS; AUDIT; REPORTS .......................................................................... 60
Section 7.01 Maintenance of Records ........................................................................ 60
Section 7. 02 Audit and Inspection .............................................................................. 61
Section 7.03 Regular Reports ..................................................................................... 63
Section 7.04 Special Reports ...................................................................................... 64
Section 7.05 Reports to Officials ................................................................................ 65
Section 7.06 Job Retention/Creation Report ............................................................... 65
Section 7 .07 Form of Records and Reports ................................................................ 70
Section 7.08 PAAA Reports ....................................................................................... 70
ARTICLE 8 REPRESENTATIONS, WARRANTIES AND COVENANTS .......................... 70
Section 8.01 Status and Authority of the Corporation ................................................ 70
Section 8.02 Conflict of Interest ................................................................................. 72
Section 8.03 Applicants' Compliance with Law ......................................................... 73
Section 8.04 Reports to Boards oflDA, Build NYC and NYCLDC .......................... 73
ARTICLE 9 APPLICABLE LAWS; RULES AND REGULATIONS ..................................... 74
Section 9.01 Governing Law; Venue ........................................................................... 74
Section 9.02 Compliance with Law ............................................................................ 76
Section 9.03 Equal Employment. ................................................................................ 76
ARTICLE 10 TERMINATION ................................................................................................... 77
Section 10.01 Events of Default ................................................................................... 77
Section 10.02 Termination Without Fault .................................................................... 79
Section 10.03 Assignment of Contracts Upon Termination .......................................... 79
Section 10.04 Surrender of Certain Assets ................................................................... 80
Section 10.05 Surrender and Assignment of Financial Services Program Funds and
Documents ............................................................................................. 80
Section 10.06 No Release ............................................................................................. 81
Section 10.07 Loss of Federal Funds ............................................................................ 81
ARTICLE 11 MISCELLANEOUS PROVISIONS ..................................................................... 82
Section 11.01 Condition Precedent ............................................................................... 82
Section 11.02 Independent Contractor .......................................................................... 82
Section 11.03 Indemnification ...................................................................................... 83
Section 11.04 Corporation Counsel .............................................................................. 87
Section 11.05 Assets of the Corporation ....................................................................... 88
Section 11.06 Liens ........................................................................................................ 88
Section 11.07 Assignment ............................................................................................ 89
Section 11.08 Claims or Actions .................................................................................. 89
Section 11.09 International Boycott ............................................................................. 90
Section 11.1 0 Anti-Trust. .............................................................................................. 91
Section 11.11 Refusal to Testify .................................................................................... 91
Section 11.12 Notices ................................................................................................... 94
Section 11.13 Severability ............................................................................................ 96
Section 11.14 Modification in Writing ......................................................................... 96
Section 11.15 Captions ................................................................................................. 96
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Section 11.16 Completeness ......................................................................................... 96
Section 11.17 Authority of Deputy Mayor ................................................................... 96
Section 11.18 Merger of Contracts ............................................................................... 97
Section 11.19 Work Product .......................................................................................... 97
Section 11.20 Community Development Funds ........................................................... 98
Section 11.21 Need for Approvals .............................................................................. 101
Section 11.22 Voter Registration Requirements ......................................................... 101
Section 11.23 Resolution of Disputes ......................................................................... 101
Section 11.24 Whistleblowers .................................................................................... 101
Section 11.25 Federal Employer Identification Number ............................................ 103
EXHIBIT A Program Budget
EXHIBIT B Equal Opportunity and Affirmative Action for Construction Contractors
EXHIBIT C General Terms and Conditions of a Consultant Contract for Architectural and
Engineering Assistance
EXHIBIT D Equal Opportunity and Affirmative Action Compliance for Non-Construction
Contractors
EXHIBIT E Voter Registration Requirements
EXHIBIT F CDBG Conditions
EXHIBIT G Activities Funded by Community Development Funds
EXHIBIT H Revolving Loan Fund Guidelines
EXHIBIT I Micro Loan Program Guidelines
EXHIBIT J Small and Minority Owned Construction Firms Working Capital Loan Guarantee
Program Guidelines
EXHIBIT K ARRA Provisions
EXHIBIT L Project Description Form
EXHIBIT M FEMA Provisions
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AMENDED AND RESTATED CONTRACT dated as of June 30, 2015, between THE
CITY OF NEW YORK (the "City"), a municipal corporation of the State of New York, having
an office in City Hall, New York, New York 10007, and NEW YORK CITY ECONOMIC
DEVELOPMENT CORPORATION, a not-for-profit corporation incorporated under the
Not-for-Profit Corporation Law of the State of New York, having an office at 110 William
Street, New York, New York 10038.
WHEREAS, in accordance with the certificate of incorporation of the Corporation
(hereinafter defined), which provides that the purposes of the Corporation include "relieving and
reducing unemployment in the City of New York" and "promoting and providing for additional
and maximum employment and bettering and maintaining job opportunities", the Corporation
will encourage hiring of New York City residents and will comply with any related City rules
applicable to the Corporation; and
WHEREAS, the City from time to time has retained the Corporation to perform certain
services principally of the type to be performed under this Contract (hereinafter defined); and
WHEREAS, the City desires to retain the Corporation to perform the services hereinafter
set forth and the Corporation desires to perform the same.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the City
and the Corporation agree as follows.
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ARTICLE 1
GENERAL PROVISIONS
Section 1.01 Definitions
The terms defined in this section, for all purposes of this Contract have the meanings
herein specified.
"Applicant" means an individual, partnership, corporation or other entity seeking
information with regard to or applying for financial assistance services offered through
the Financial Services Program (hereinafter defined).
"Business day" means any day other than a Saturday, Sunday or holiday on which the
offices of the City are authorized or obligated by law or executive order to close.
"Chairperson" means the Chairperson of the Corporation or his or her designee.
"City" means The City of New York, a municipal corporation of the State of New York.
"Commencement Date" of this Contract, as amended and restated herein, means July 1,
2015.
"Commercial Contract" means that certain contract, dated as of May 18, 1981, between
the City and PDC (hereinafter defined), as amended by Amendment of Contract, dated as
of June 1, 1982, with respect to commercial development services by PDC.
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"Commissioner" means the Commissioner of DSBS (hereinafter defined), or his or her
designee or successor in function within DSBS or its successor agency.
"Community Development Funds" means funds granted to the City by HUD (hereinafter
defined) under Title I of the Housing and Community Development Act of 1974, as
amended.
"Comptroller" means the Comptroller of the City or his or her designee.
"Construction Contract" means a contract to provide labor and materials for the purpose
of building, rehabilitation, renovation, alteration, demolition, sealing, repair or improving
of real property payment for which, in whole or in part, is from Program Funds
(hereinafter defined).
"Consultant" means the person or firm from which the Corporation purchases services
under a Consulting Contract (hereinafter defined).
"Consulting Contract" means a contract to provide professional or similar services
appropriate to carry out the Program (hereinafter defined), including without limitation
(a) planning, engineering, architectural, design, drafting, construction management, data
processing, accounting, legal, surveying, mapping, testing of site conditions, title search
and insurance, feasibility and market analysis, risk management, economic and
environmental impact analysis, and appraisal services, payment for which, in whole or in
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part, is from Program Funds, and excluding (b) loan agreements and other documents
entered into with Applicants pursuant to Section 2.06, 2.07 or 2.08.
"Contract" means this Amended and Restated Contract as the same may from time to
time be modified, amended or supplemented.
"Corporation" means EDC (hereinafter defined).
"Corporation Counsel" means the Corporation Counsel of the City or his or her designee.
"Corporation Loan Repayment Bank Accounts" has the meaning set forth in Section
3.14(a).
"Council" means the Council of the City or a designated committee thereof.
"Deputy Commissioner of Administration" means the Deputy Commissioner of
Administration of DSBS, or his or her designee or successor in function within such
agency or its successor agency.
"Deputy Mayor" means the Deputy Mayor for Housing and Economic Development of
the City, his or her designee or successor or predecessor in function or such other person
as the Mayor may designate.
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"Development Funds Steering Committee" means the Development Funds Steering
Committee of the City.
"Director of Management and Budget" means the Director of the Office of Management
and Budget of the City or his or her designee.
"DSBS" means the New York City Department of Small Business Services or its
successor agency.
"Economic Development Program" has the meaning set forth in Section 1.02.
"EDA" means the Economic Development Administration of the United States
Department of Commerce.
"EDC" means New York City Economic Development Corporation, a not-for-profit
corporation incorporated under the NPCL (hereinafter defined), that was formerly named
New York City Economic Growth Corporation and with and into which Former EDC
merged on the Merger Effective Date (hereinafter defined), or any successor organized
pursuant to the NPCL.
"Events of Default" has the meaning set forth in Section 10.01.
"Financial Plan" has the meaning set forth in Section 3.04.
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"Financial Services Program" has the meaning set forth in Section l.02(b).
"Former EDC" means a local development corporation named New York City Economic
Development Corporation that merged with and into New York City Economic Growth
Corporation on the Merger Effective Date.
"Forty-second Street Contract" means that certain contract, dated as of December 5,
1980, between the City and PDC, as amended by Amendment of Contract authorized by
the Board of Estimate by resolution adopted as Cal. No. 369 of September 16, 1982, with
respect to PDC's performing services in relation to the Forty-second Street redevelopment
project.
"FSC" means Financial Services Corporation ofNew York City, a local development
corporation organized pursuant to Section 1411 of the NPCL, or any successor organized
pursuant to Section 1411 of the NPCL. On July 1, 1991, FSC merged into PDC and PDC
changed its name to New York City Economic Development Corporation.
"FSC Contract" means the Original Contract (hereinafter defined) between the City and
FSC, dated as of December 15, 1979, as amended, restated, supplemented and modified,
through and including the amendment as of June 30, 1991, relating to the performance by
FSC of certain financial services.
"HUD" means the United States Department of Housing and Urban Development.
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