New York City's Local Law 84 Deadline Extended
Are you property owner that's required to benchmark your building for NYC's new Local Law 84? Yet, you're still not sure how to do that or who can do it for you? You are not alone, and the Office of Long Term Planning and Sustainability is geared to help. This week the Mayor's Office issued a press release about the deadline for benchmarking and a hotline to answer questions. This past Monday (March 21, 2011), the New York City Mayor's Office issued a statement that said they have "every expection that, for at least three months after May 1,2011, no penalty will be assessed due to failure to comply with benchmarking requirements of Local Law 84". This is not necessarily a deadline extension for the new energy reporting law as much as a grace period regarding fines to real estate owners for not submitting the information on time. Owners should still aim to have all required data into the Dept of Finance by May 1, 2011 - but if they do not, they will not be hit with the $500.00 fine unless they wait until after August 1, 2011 to submit.
The grace period for penalties only applies for May 1 to August 1, 2011 while owners get used to the new requirements; the city doesn't expect extensions in future years. Russell Unger, Executive Director of the Urban Green Council, sees the extension as a smart move. While some owners have already been benchmarking, for the vast majority, especially residential coops, this is totally new. Given that 16,000 buildings are impacted by the law, and the fact that the final rules were only issued last month, an grace period for the fines will make the transition to the reporting less painful.
Starting March 31, 2011, the City of New York in partnership with the City University of New York (CUNY) and the New York State Energy Research and Development Authority (NYSERDA) will launch a hotline to answer any questions about benchmarking or the Portfolio Manager. Anyone looking for answers need only dial the city-wide 311 Monday through Friday from 10:00am to 4:00pm, and indicate they have questions about the law and/or the EPA tool.
The Office of Long Term Planning and Sustainability hope to have something more definitive about the extension in the coming weeks. The official language released by the Mayor's Office is above.
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