Department of Housing Preservation 8: Development August 10, 2016 VIA U.S. MAIL 101 AVENUE ASSOCIATES 101 AVENUE D, NEW YORK, NY 10009 Re: 421-a Prevailing Wage Requirements For Building Service Employees, Contained in RPTL Section 421-a(8) (?Prevailing Wage Requirement?) Re: MN, 00377, 7503 (?Property?) Application TEO10038 (?Application?) Dear AGENT: The City of New York Department of Housing Preservation and Development the New York State Attorney General?s Office and the New York City Comptroller?s Office (?Comptroller?) are engaged in a joint effort to ensure current and future compliance and to remedy past noncompliance with the above-referenced Prevailing Wage Requirement. Applicable rates are set by the New York City Comptroller?s office on July 1 of each year and updated in January of the following year, and are available at Public records indicate that the above-referenced Property: is currently receiving real property tax exemption benefits pursuant to Real Property Tax Law Section 421-a (ii) commenced construction after December 27, 2007, and contains fifty or more dwelling units. Therefore, the Property is subject to the Prevailing Wage Requirement. The Prevailing Wage Requirement applies unless HPD certifies that at initial occupancy at least 50% of the dwelling units were affordable to individuals or families with a gross household income at or below 125% of Area Median Income and that any such units in rental buildings will be subject to restrictions to ensure that they will remain affordable for the entire period during which the Property receives 421-a real property tax exemption benefits (?Affordable Housing Exception?). In accordance with these requirements, please complete the attached certification stating that: the Property is complying with the Prevailing Wage Requirement by paying building service employees the applicable prevailing wages, or (ii) the Property is currently under construction and upon completion will comply with the Prevailing Wage Requirement by paying building service employees the applicable prevailing wages, or the Property meets the Affordable Housing Exception and is therefore exempt from the Prevailing Wage Requirement; or (iv) the Property is not receiving 421-a real property tax exemption benefits. Return the completed and executed certification to Miriam Col?n, Assistant Commissioner for Tax Credits and Incentives, c/o Meilan Chiu, City of New York Department of Housing Preservation and Development, 100 Gold Street, Room 9-Z2, New York, New York 10038. Failure to return a completed and executed certification on or before September 23, 2016 may result in enforcement activity against the Property and/or its owners and managers, and may result in proceedings to revoke the 421-a real property tax exemption benefits. If you believe that you have received this letter in error, whether because the Property commenced construction on or before December 27, 2007, the Property contains fewer than fifty dwelling units, or for any other reason, please send a letter of explanation to Miriam Colon, Assistant Commissioner for Tax Credits and Incentives, c/o Meilan Chiu, City of New York Department of Housing Preservation and Development, 100 Gold Street, Room 9-22, New York, New York 10038. Please also note that on March 18, 2014, the New York Attorney General?s office sent letters to certain recipients of 421-a real property tax exemption benefits. If you received such a letter, please understand that this is a separate inquiry aimed at monitoring continued compliance. So, even if you already responded to the Attorney General?s March 18, 2014 letter, you should also respond to this request. Very truly yours, Eric Enderlin Terri Gerstein Constantine Kokkoris Deputy Commissioner, Bureau Chief, Labor Bureau Chief, Bureau of Labor Law Office of Development NYS Attorney General NYC Comptroller NYC Department of Housing Preservation Development CERTIFICATION OF PREVAILING WAGE COMPLIANCE FOR RECEIPT OF REAL PROPERTY TAX BENEFITS PURSUANT TO SECTION 421 -A OF THE REAL PROPERTY TAX LAW Re: Borough: MN, Block: 00377, Lot 7503, 101 AVENUE (?Property?) I am an owner, or an officer and authorized signatory of an entity which is an owner, of the above-referenced Property, which public records indicate is receiving real property tax exemption benefits pursuant to Real Property Tax Law Section 421-a. I certify, represent, and warrant to the Department of Housing Preservation and Development of the City of New York that: [Check the relevant box below] have reviewed the payroll records for building service employees for the period from January 1, 2016 or the date upon which the building was completed, whichever is later, through the date of this certification, and all building service employees employed at the Property have been paid the applicable prevailing wage in accordance with the requirements of Real Property Tax Law Specifically, the following building service employee job classification and prevailing wage rates have been utilized in the building during 2016: Classificationls) Hourlv Wade Rate Hourlv Supplemental Waqe Rate Property is comprised of rental dwelling units and is exempt from the prevailing wage requirements of Real Property Tax Law Section 421-a(8) because at least 50% of the dwelling units are required to be affordable to individuals or families with a gross household income at or below 125% of Area Median Income, both at initial occupancy and upon the re-rental of any dwelling unit after a vacancy, during the entire period in which the Property is receiving 421-a real property tax exemption benefits. _The Property is comprised of condominium or cooperative dwelling units and is exempt from the prevailing wage requirements of Real Property Tax Law Section 421- a(8) because at initial occupancy, at least 50% of the dwelling units were affordable to individuals or families with a gross household income at or below 125% of Area Median Income. The Property is currently under construction and upon completion will comply with the Prevailing Wage Requirement by paying building service employees the applicable prevailing wage. The applicable prevailing wage rates are available at We anticipate that the following building service employee job classifications will be utilized in the building: Classificationgs) The Property is not receiving real property tax exemption benefits pursuant to Real Property Tax Law Section 421-a. I certify that the information provided above is true and accurate and I understand that this certification will be filed with, and become part of the official records of, the Department of Housing Preservation and Development of the City of New York. Name (Printed): Signature Title/Affiliation Date