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THE. Ca?rv or: New YORK
Ochs OF THE Mayan

New YORK, NY. 10007

August 16, 1995

Honorable Joseph Bruno
Senator

N.Y.S. Senate

Legislative Office Building
Albany, New York 12246

Dear Senator Bruno:

I am writing as a follow up to our conversation regarding
passage of the Lower Manhattan legislation. In our discussion
you asked that tne legislation be amended to ensure the; any
residential units created as a result of the legislation are
subject to the most current Rent Stabilization Laws of the State.

I have discussed this matter?with the drafters of the
legislation and ?lth the Commissioner of the Department of
Housing Preservation and Development (RFD): the City agency
responsible for implementing the residential conversion program
proposed in the Zegislation. The City's intention has rlways
been that dwelling units in property receiving benefits under the?
residential conversion program (bill section 14) and the mixed?
use program (bill section 15) would be subject to rent
stabilization to the same extent as, but to no greater extent
than, other rent regulated property. Any provision of law that
generally exempts any housing accommodation from rent
stabilization would apply as well to dwelling units in property
receiving benefits under the aforementioned programs. Thus, the
provisions of the Rent Regulation Reform Act of 1993 that provide
for the exclusion of high rent accommodation and for high income
rent decontrol would apply to property receiving benefits under
the programs created by the Lower Manhattan legislation. Any
future amendments to the rent stabilization law would also apply
to these propertiesThe City agencies responsible for administering the
residential conversion and mixedvuse programs will promulgate
rules that reflect our intention to apply the rent stabilization
law as a whole, including any provisions that exempt housing
accommodations from rent stabilization, to prOperty receiving
benefits under those programs. 

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 If you have any further questions regarding this matter
please do not hesitate to contact me. On behalf of myself, the
business community of New York and the people of New York City
generally I ask for your assistance in ensuring the passage of
this legislation at the earliest possible moment.

cerely,

   





/Rudolp W. Giuliani
Mayor

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