101-75 - Special Provisions for Demolition of Buildings

LAST AMENDED
2/2/2011

Except in the case of #buildings# that are unsafe and the demolition of which is required pursuant to the provisions of Chapter
26, Title C, Part I, Article 8, or its successor, of the New York City Administrative Code, no demolition permit shall be issued by
the Department of Buildings for any #development# within the Subdistrict until:

(a)    the owner of the property has obtained a building application approval for the new #development# or #enlargement#; and

(b)    the owner shall have presented evidence of having a commitment from a domestic bank, insurance company or real estate
        investment company, for construction financing, which shall be in the form of a letter trust.