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Economic Development Corporation (EDC)
110 William Street, 4th Floor, New York, NY 10038
Maryann Catalano
phone: (212) 312-3969
fax: (212) 312-3918
Goods and Services
Request for Information

PIN#5330XX - Due: 11/30/2017 4:00 PM

NYCEDC on behalf of The City of New York (the “City”) is requesting responses from parties interested in acquiring tidal wetland mitigation credits (“Credits”) from the City’s first wetland mitigation bank, the Saw Mill Creek Pilot Wetland Mitigation Bank. The Saw Mill Creek Pilot Wetland Mitigation Bank is a mechanism that provides compensatory mitigation through the sale of Credits to applicants in the waterfront permitting process.

The Open RFEI is to provide interested Respondents with information about the sale of Credits and for NYCEDC to receive inquiries for the acquisition of the Credits. In their responses, Respondents should indicate Credit quantity, purchase price, and pertinent information about Respondent’s project(s) and permitting status for which Credits would be used. The Open RFEI is not and shall not constitute an offer to sell or the solicitation of an offer to buy Credits.

NYCEDC plans to select Respondent(s) to either commence a separate and targeted auction process; or issue a separate and targeted competitive procurement process for the sale and purchase of the Credits on the basis of factors stated in the Open RFEI which include, but are not limited to the following criteria: (1) the purchase price proposed by the Respondent; (2) the quantity of Credits requested by the Respondent; (3) the location of the proposed project; (4) the proposed project(s) or intended Credit use; (5) the timing of the potential purchase of Credits and (5) the degree to which the Respondent demonstrates the Respondent’s full understanding of Credit usage. NYCEDC may elect to limit participation in an auction or other competitive procurement process to only those Respondents to this Open RFEI.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit

Respondents may submit general questions and/or request clarifications from NYCEDC no later than 5:00 p.m. on Monday, October 23, 2017. NYCEDC will not answer questions regarding applicability of Credits to Respondents specific permit(s). All such inquiries should be made of the appropriate regulator(s). Questions regarding the background of the Saw Mill Creek Pilot or the subject matter of this Open RFEI should be directed to Answers to all questions will be posted by Thursday, November 2, 2017, to

The Open RFEI is available for in-person pick-up between 9:30 a.m. and 4:30 p.m., Monday through Friday, from NYCEDC. This Open RFEI allows Respondents to submit responses prior to one of two (2) deadlines. NYCEDC will review responses submitted prior to each Submission Deadline, and may commence negotiations for the acquisition of Credits with one or more Respondents at any time after the first Submission Deadline. RESPONSES ARE DUE NO LATER THAN 4:00 p.m. on the following dates: Thursday, November 9, 2017 and Thursday November 30, 2017. Please submit five (5) sets of your expression of interest.

Disclaimer: Pursuant to Section 103 (2) of the New York State General Municipal Law, New York City Charter Section 1066 and the City of New York Procurement Policy Board Rules, The City Record is the official paper of the City of New York. It is published each weekday except legal holidays. The print edition of The City Record is the official publication for the following notices: public hearings, meetings, court notices, property dispositions, procurements (solicitations and awards), agency public hearings, agency rules, and special materials which include changes in personnel. This electronic version of The City Record is offered solely for the convenience of readers.