NYC 9/11 Public Portal Document
FROM HERRICK, FEINSTEINLLP (TUE) 10. 16'01 9:42/ST. 9:40/NO.4260647679 P 6
mall sector, the requirements of which may be able to be fully satisfied by what is available, makes
a great deal of sense.
a
5. Section 421-g.. All of the benefits under Section 421-g should be extended for
to
period .-)f ten years. nunc pro lunc. hi addition, projects under construction that were scheduled
tax
he completed in 2001 should be permitted to qualify for Section 421-g benefits in the 2002-2003
end
year i f :hey have obtained a temporary certificate of occupancy within a number of days after the
of 200 ; that is twice the number of days on which construction was stopped owing to inaccessibilit':.
7. Tax Abatement. A further tax abatement should be granted to Section 421-g
properies fully abating all existing real estate taxes for a period of five years.
-4-
WNY= -~7luaiv2i U.S7Q••WW ( IUiY2VVl
NYC-WTC 000136294
OCR can misread numbers and units. Confirm readings against the page image before using them.