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Industrial And Commercial Abatement Program Preliminary Application For Certificate Of Eligibility Form. This is a New York form and can be use in New York Local County.
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NEW YORK CITY DEPARTMENT OF FINANCE • TAX & PARKING PROGRAM OPERATIONS DIVISION
TM
Finance
INDUSTRIAL AND COMMERCIAL
ABATEMENT PROGRAM
PRELIMINARY APPLICATION AND INSTRUCTIONS
Mail to: NYC Department of Finance, Industrial and Commercial Abatement Program, 59 Maiden Lane, 22nd Floor, New York, NY 10038
Instructions: The completed application must be accompanied by a narrative describing the project site; the
proposed improvement(s); the proposed uses of the building or structure upon completion of improvements;
and whether the improvements are building-wide or limited to specific building systems or renovations to
particular areas (such as specific floors or lobby) of the building. There is no fee for this application.
NOTE: FAILURE TO FILE AN APPLICATION FOR INDUSTRIAL AND COMMERCIAL ABATEMENT
PROGRAM (ICAP) BENEFIT BEFORE RECEIPT OF THE FIRST BUILDING PERMIT OR, IF NO
PERMIT IS REQUIRED, THE START OF CONSTRUCTION WILL DISQUALIFY YOU FROM
RECEIVING BENEFITS UNDER THIS PROGRAM.
OVERVIEW
The Industrial and Commercial Abatement Program
(ICAP) provides for a partial abatement of taxes for
eligible industrial or commercial buildings which are
constructed, modernized, rehabilitated, expanded or
otherwise physically improved. As of May 18, 2011,
benefits are available for electricity generating units
defined as “Peaking Units.” Benefits are not available
for any other utility property. Additionally, benefits for
space used or held out for retail purposes may receive
limited or no benefits and may disqualify a project from
any benefits depending upon location of the building
and/or the construction work performed. ICAP benefits
are granted as of right to all applicants whose projects
qualify under the provisions of the legislation.
EXPIRATIONS AND FILING DATES
Under the current statute, ICAP will expire March 1,
2015. Preliminary applications received after this date
are late and are not eligible for benefits.
CERTIFICATES OF ELIGIBILITY
The Department of Finance, which administers this
program, issues Certificates of Eligibility for projects
which meet the program requirements.
No tax benefit will be granted pursuant to this title if a
property is concurrently receiving an exemption or
abatement of real property tax under any other law, with
a small number of exceptions such as exemptions
available to property owned by not-for-profit
organizations. A subsequent ICAP benefit is not
available for construction work on the same portion of
the property for which construction work is the subject of
an abatement pursuant to the ICAP program until at
least four years have elapsed since the first day of the
first tax year of such prior abatement benefit.
MINIMUM REQUIRED EXPENDITURES
Applicants must meet Minimum Required Expenditure
(MRE) targets. The MRE is a percentage of assessed value
of the project in the year of the issuance of the building
permit or, if no permit is required, the start of construction.
The MRE is 30% of the property’s taxable assessed value
in the tax year with a taxable status date immediately
preceding the issuance of the first building permit, or, if no
permit is required, commencement of construction.
For an industrial construction project that meets an MRE
of 40% or more, the project will be eligible for the
additional abatement that reduces the pre-construction
tax on the building or structure.
FILING AND PERMITS
Applicants must file a preliminary application with the
Department of Finance PRIOR to the issuance of a
building permit for this project or, if no permit is required,
prior to the start of construction. Failure to file the
preliminary application timely will disqualify an
applicant from receiving any benefits under this
program. If the filing requirements are met, an applicant
may commence construction once the Buildings
Department issues a permit. Information regarding
additional filings may be found on Page B: "Program
Milestones."
ICAP Prelim. App. 06.01.11
PROGRAM OVERVIEW AND MILESTONES
Page A
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Industrial and Commercial Abatement Program - Preliminary Application
PROGRAM OVERVIEW AND MILESTONES - Continued
BENEFIT SCHEDULE
The benefit schedule for industrial projects is the same
citywide. As is the benefit schedule for “Peaking Units.”
For commercial projects, the City is divided into regular,
renovation and special areas, the boundaries of which will
be set by the Temporary Boundary Commission for the
first time in 2009 and every three years thereafter. Special
commercial areas designated previously under ICIP will
continue to be in effect until new boundaries are set.
G
G
G
For complete ICAP Benefit Schedules,
visit nyc.gov/finance
MILESTONES
G File preliminary application for Certificate of Eligibility with
the ICAP M/WBE Compliance Report before issuance of
building permit, or if no permit is required, the start of
construction.
G For projects $750,000 and over applicants are also
required to submit a copy of the preliminary application
for Certificate of Eligibility and the ICAP M/WBE
Compliance Report to the Department of Finance and
the Division of Labor Services at the Department of
Small Business Services.
G All ICAP applicants must reach out to M/WBE firms
for the purpose of promoting contacting
opportunities on the project. To find M/WBE firms,
please access the City’s Online Directory of Certified
Businesses. To search for firms by commodity codes,
G
G
G
G
locations, and keywords, go to www.nyc.gov/buycertified.
Notify the Division of Labor Services 15 business days
before commencement of work. Submit an Employment
Report for projects with construction contracts in excess
of $2,500,000 for the applicant and subcontractor
contracts in excess of $1,000,000.
Receive a building permit, where required, prior to the
commencement of construction.
File completed final application for Certificate of Eligibility
no later than one year after the effective date of eligibility.
The effective date of eligibility is the date of the first
building permit that allows construction to proceed, or if no
permit is required, no later than one year from the date
that construction started. Construction does not need to
be complete to submit a final application, so there are no
exceptions. If a final application is submitted after one
year, the application will be automatically denied.
Submit proof of meeting the minimum required expenditure
within applicable time periods after issuance of the building
permit on projects under construction or upon completion.
Notify the ICAP unit in writing within 15 days of
completion of project and submit final construction report
within 60 days of completion. A final certificate of
eligibility will then be issued.
File Certificate of Continuing use biennially with the
Department of Finance during the benefit period.
However, an amendment to the certificate of continuing
use must be filed immediately in certain circumstances
when space is converted to another use.
Project must be completed no later than five years from
the date of the first permit.
AGENCY ADDRESSES AND TELEPHONE NUMBERS
NYC DEPARTMENT OF FINANCE
ICAP
59 Maiden Lane, 22nd Floor
New York, NY 10038
E-mail: nyc.gov/contactfinance
NYC DEPARTMENT OF SMALL BUSINESS SERVICES
Energy Cost Savings Program
110 William Street, 7th Floor
New York, NY 10038
Telephone: 212-513-6345
NYC DEPARTMENT OF SMALL BUSINESS SERVICES
Division of Labor Services Program
110 William Street, 7th Floor
New York, NY 10038
Telephone: 212-513-6323
NYC ECONOMIC DEVELOPMENT CORPORATION
Industrial Development Agency
110 William Street, 6th Floor
New York, NY 10038
Telephone: 212-312-3600
For financing initiatives contact:
NOTE
THIS PRELIMINARY APPLICATION, WHEN DULY FILED, WILL FULFILL THE REQUIREMENT THAT AN APPLICATION BE
MADE BEFORE ISSUANCE OF A BUILDING PERMIT OR, IF NO PERMIT IS REQUIRED, THE START OF CONSTRUCTION.
HOWEVER, THE FILING OF A PRELIMINARY APPLICATION DOES NOT CONFER THE RIGHT TO ANY BENEFIT.
Page B
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NEW YORK CITY DEPARTMENT OF FINANCE • TAX & PARKING PROGRAM OPERATIONS DIVISION
INDUSTRIAL AND COMMERCIAL
ABATEMENT PROGRAM
TM
Finance
PRELIMINARY APPLICATION FOR CERTIFICATE OF ELIGIBILITY
Mail to: NYC Department of Finance, Industrial and Commercial Abatement Program, 59 Maiden Lane, 22nd Floor, New York, NY 10038
This Preliminary Application, when duly filed, will fulfill the requirement that an application be made before issuance of a building permit,
but does not confer the right to any benefit. Return the completed application and the required attachments to the address above.
SECTION I APPLICANT INFORMATION
Type or print all information
1. Name of Applicant:_______________________________________________________________________________________________________________________
Contact person
(if other than applicant): ________________________________________________________________________________________________
PRINT FIRST NAME
PRINT LAST NAME
Address: ________________________________________________________________________________________________________
NUMBER AND STREET
Telephone
Number: ______________________________
Fax
Number: ___________________________
Applicant’s Employer
Identification Number:
OR
CITY
STATE
ZIP CODE
Email
Address: _____________________________________________
Applicant’s Social
Security Number:
2. Name of Representative (If a representative is designated below, correspondence will be sent only to the representative):
Representative Firm Name: _____________________________________________________________________________________________________________________________
Name: _________________________________________________________________________________________________________
PRINT FIRST NAME
PRINT LAST NAME
Address: ________________________________________________________________________________________________________
NUMBER AND STREET
Telephone
Number: ______________________________
CITY
STATE
ZIP CODE
Fax
Number: ___________________________
Email
Address: _____________________________________________
1. Borough: _____________________________ Block: _______________________________
Lot(s): __________________________________________________
SECTION II SITE INFORMATION
2. Site Address:___________________________________________________________________________________________________________________________
NUMBER AND STREET
SECTION III PROJECT INFORMATION
1.
2.
3.
4.
5.
6.
7.
Total floor area: _________________________________ square feet
Type of project (check all that apply):
K New building
K Alteration
K Addition to existing space
K Industrial
K Hotel
K Commercial
K Residential
K Retail
K Utility
Proposed use (check all that apply):
CITY
8.
9.
Retail square footage: ______________________________________
Will proposed work require a building permit?
If "no," continue with question #9.
Has a building permit been issued?
K YES
K NO
K YES
K NO
If "yes," give date: ________ /________ /________
Date of commencement or
projected commencement:
ZIP CODE
________ /________ /________
Will the project require any zoning change, other
variance or consent from a government agency?
K YES
K NO
If "yes," describe: __________________________________________
10.
Estimated cost of construction: $ ______________________________
STATE
________________________________________________________
Has an application been made for any other
New York City Exemption or Abatement
Program, for example J-51, lease abatement,
ECSP, prior ICIP, ICAP etc.?
K YES
K NO
If “no”, will you be applying for any
K YES
K NO
If "yes," specify: ___________________________________________
11.
This application is for (check all that are applicable):
12.
Are you planning to subcontract?
K Industrial
Abatement
K Commercial
Abatement
K Additional Industrial
Abatement
K YES
K NO
If "yes," please list all trades: _________________________________
________________________________________________________
ICAP Prelim. App. 06.01.11
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Industrial and Commercial Abatement Program - Preliminary Application
Page 2
SECTION IV AGREEMENTS AND CERTIFICATION
The undersigned agrees and represents that:
The applicant will comply with the Rules of the Office of the Mayor for implementation of Executive Order No. 50 (1982) or
amendments relating to equal employment opportunity programs to the same extent as if the applicant was a contractor with the
City of New York and will not commence construction work until at least 15 business days have elapsed without comment after
filing Employment Reports for itself and each such contractor, if applicable. Employment Report forms are available from the
Department of Finance and should be filed with the Division of Labor Services, 110 William Street, 7th Floor, New York, NY 10038
or call the Division of Labor Services at 212-513-6323. The applicant will also comply with and be subject to the rules issued from
time to time by the Department of Finance to secure compliance with all applicable City, State and federal laws or which
implement mayoral directives and executive orders designed to ensure equal employment opportunity.
Under Local Law 67 of 2008, all ICAP applicants must reach out to City-certified Minority and Women-owned Business
Enterprises (M/WBEs) for the purpose of promoting contracting opportunities on the project.
Please submit the ICAP M/WBE Compliance Report, along with the Preliminary Application for Certificate of Eligibility, to the
Division of Labor Services at the Department of Small Business Services.
INDUSTRIAL AND COMMERCIAL ABATEMENT PROGRAM (ICAP) APPLICANT RESPONSIBILITY CHECKLIST
CONTRACT VALUE
Less than $750,000
$750,000 - $1.5 million
Submit PRELIMINARY Application for Certificate of Eligibility
$1.5 million - $2.5 million
Greater than $2.5 million
Search for firms in the
Online Directory
of Certified Firms
Solicit bids from at least three
certified M/WBE firms for each
subcontracting project*
Submit a copy of the
ICAP M/WBE Compliance
Report to DLS
*The applicant shall maintain records demonstrating its compliance with this provision.
Submit Employment Report
to DLS 15 days before
commencement of work
Submit FINAL application
for benefits stage
Submit ICAP M/WBE
Compliance Report to NYC
Department of Finance
Ready to Search for Certified Firms? Visit www.nyc.gov/buycertified
The Online Directory of Certified Businesses provides a comprehensive, searchable tool that helps city buyers and contractors identify certified
Minority and Women-owned Business Enterprises (M/WBEs) throughout the New York City tri-state area. Find detailed information on certified
companies, including a brief description of their work history, contact information, and detailed information about what the companies sell.
I certify that the information on this application, and any accompanying documents, is, to the best of my knowledge, true correct
and complete.
_____________________________________________
Signature:
___________________________________________
Print Name:
_____________________________________________
Title:
___________/___________/___________
Date:
To inform the Department of Small Business Services (SBS) of contracting and subcontracting opportunities, or to get additional help
finding M/WBEs, please contact Buyers Services at 212-513-6356 or e-mail buyer@sbs.nyc.gov.
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NEW YORK CITY DEPARTMENT OF FINANCE • TAX & PARKING PROGRAM OPERATIONS DIVISION
TM
Finance
INDUSTRIAL AND COMMERCIAL
ABATEMENT PROGRAM (ICAP)
MI NO R ITY AN D WO MEN- O WN ED B USI N ESS
EN TERPR I SES (M / WB E) C OM PLIA N CE R EPO R T
Mail to: NYC Department of Finance, Industrial and Commercial Abatement Program, 59 Maiden Lane, 22nd Floor, NY 10038
The ICAP M/WBE Compliance Report—must be submitted with the Preliminary Application for
Certificate Eligibility. Local Law 67 of 2008 requires that all Industrial and Commercial Abatement
Program (ICAP) beneficiaries include City-certified Minority and Women-owned Business
Enterprises (M/WBE) firms in construction projects for which tax abatements are granted.
All ICAP applicants must reach out to M/WBE firms for the process of promoting contracting
opportunities on the project. To find M/WBE firms, please access the City’s Online Directory of
Certified Businesses. To search for firms by commodity codes, locations, and keywords, go to
www.nyc.gov/buycertified
G For projects over $750,000, ICAP applicants must indicate which outreach activities they
performed by checking the boxes below. Please note applicants must keep detailed
records of the outreach activities accessible at their place of business.
Outreach Activities (check all that apply):
K
Advertised opportunities to participate in the project in general circulation media, trade and
K
K
Provided written notices of specific opportunities to M/WBE firms inviting their participation
K
K
K
professional association publication, small business media, and publications of M/WBE
organizations
Held meetings with M/WBEs prior to the date their bids or proposals were due, for the
purpose of explaining in detail the scope and requirements of the work for which their bids
or proposals were solicited
Made efforts to negotiate with M/WBEs to perform specific subcontracts, or act as suppliers
or service providers
Made timely requests to the NYC Department of Small Business Services for help locating
certified M/WBE firms
Attempted to identify interested M/WBEs not currently on the list of City-certified firms
G Applicants with construction projects $1.5 million and greater must complete the above
requirements as well as list at least three M/WBE firms that were solicited to perform
subcontracting work for each subcontract on the project (see next page).
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Industrial and Commercial Abatement Program - M/WBE Compliance Report
SUBCONTRACT DESCRIPTION
NAME AND ADDRESS OF SOLICITED M/WBE FIRMS
1.
Page 2
AMOUNT
SOLICITED RESPONDED AWARDED
MM/DD/YY
MM/DD/YY
MM/DD/YY
2.
3.
SUBCONTRACT DESCRIPTION
NAME AND ADDRESS OF SOLICITED M/WBE FIRMS
1.
AMOUNT
SOLICITED RESPONDED AWARDED
MM/DD/YY
MM/DD/YY
MM/DD/YY
2.
3.
SUBCONTRACT DESCRIPTION
NAME AND ADDRESS OF SOLICITED M/WBE FIRMS
1.
AMOUNT
SOLICITED RESPONDED AWARDED
MM/DD/YY
MM/DD/YY
MM/DD/YY
2.
3.
If you have completed the Compliance Report you must also submit a copy of this page.
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