Bill Text: NY S02273 | 2013-2014 | General Assembly | Introduced
Bill Title: Requires developers to deposit a portion of the total estimated project cost into an escrow account for damage caused to neighboring properties during construction; provides that any work on a project shall be stopped until repairs are made on the adjoining property; provides that the New York city department of buildings shall develop a procedure whereby individuals who suffer damage as a result of the construction may be reimbursed within a period of sixty days.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-01-08 - REFERRED TO CITIES [S02273 Detail]
Download: New_York-2013-S02273-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
2273
2013-2014 Regular Sessions
I N S E N A T E
January 15, 2013
___________
Introduced by Sen. MONTGOMERY -- read twice and ordered printed, and
when printed to be committed to the Committee on Cities
AN ACT to amend the administrative code of the city of New York, in
relation to establishing escrow accounts to protect neighboring land-
owners and tenants from damage due to construction
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The administrative code of the city of New York is amended
2 by adding a new section 28-103.23 to read as follows:
3 S 28-103.23 DEVELOPERS' ESCROW ACCOUNTS. 1. ANY DEVELOPER WHO PLANS TO
4 CONSTRUCT ANY BUILDING WITHIN THE CITY SHALL, PRIOR TO THE COMMENCEMENT
5 OF ANY CONSTRUCTION, DEPOSIT TEN PERCENT OF THE TOTAL ESTIMATED PROJECT
6 COST INTO AN ESCROW ACCOUNT.
7 2. AN ESCROW ACCOUNT ESTABLISHED PURSUANT TO SUBDIVISION ONE OF THIS
8 SECTION SHALL BE USED TO SETTLE CLAIMS OF PROPERTY OWNERS WHOSE PROPERTY
9 IS DAMAGED DURING ANY CONSTRUCTION, OR THE CLAIMS OF TENANTS WHO ARE
10 DISPLACED FROM THEIR RESIDENCE AS THE RESULT OF DAMAGE TO THE PROPERTY
11 FROM THE CONSTRUCTION. A DEVELOPER SHALL BE HELD STRICTLY LIABLE FOR ANY
12 DAMAGE OR RELOCATION EXPENSE THAT OCCURS AS A RESULT OF THE
13 CONSTRUCTION.
14 3. IN ADDITION TO THE REQUIREMENTS IMPOSED BY SUBDIVISION ONE OF THIS
15 SECTION, IF ANY DAMAGES OCCUR TO AN ADJOINING PROPERTY, ANY AND ALL WORK
16 ON SUCH PROJECT SHALL BE STOPPED UNTIL SUCH DAMAGED PROPERTY IS
17 REPAIRED.
18 4. THE DEPARTMENT SHALL ESTABLISH A CLAIM PROCEDURE FOR PROPERTY
19 OWNERS AND TENANTS WHO WISH TO FILE CLAIMS AGAINST THE MONEY SET ASIDE
20 PURSUANT TO THIS SECTION. SUCH PROCEDURE SHALL PROVIDE FOR A COMPLETE
21 RESOLUTION OF A CLAIM WITHIN SIXTY DAYS FROM THE DATE OF ITS COMMENCE-
22 MENT.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03985-01-3
S. 2273 2
1 5. ANY FUNDS IN THE ACCOUNT THAT ARE NOT CLAIMED BY AN AGGRIEVED PROP-
2 ERTY OWNER OR TENANT WITHIN SIX MONTHS AFTER THE COMPLETION OF THE
3 PROJECT SHALL BE RETURNED TO THE DEVELOPER.
4 S 2. The administrative code of the city of New York is amended by
5 adding a new section 28-201.5 to read as follows:
6 S 28-201.5 VIOLATIONS NOT CAUSED BY PROPERTY OWNER. THE DEPARTMENT
7 SHALL NOT IMPOSE ANY FINE OR OTHER PENALTY AGAINST ANY PROPERTY OWNER
8 FOR ANY VIOLATION OF THE PROVISIONS OF THIS TITLE THAT OCCUR AS THE
9 RESULT OF DAMAGE CAUSED BY CONSTRUCTION ON AN ADJACENT BUILDING.
10 S 3. This act shall take effect on the ninetieth day after it shall
11 have become a law.
