Notice Details

New York City Economic Development Corporation (“NYCEDC”) on behalf of The City of New York (the “City”) is requesting responses from parties wanting to purchase 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.

This Open RFP is to provide interested Respondents with opportunity to propose to NYCEDC a purchase price to acquire whole or fractions of 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 are to be used.

NYCEDC plans to select Respondent(s) the City will sell Credits to on the basis of factors stated in the Open RFP 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.

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 http://www.nycedc.com/opportunitymwdbe.

Respondents may submit general questions and/or request clarifications from NYCEDC at any time no later than 5:00 p.m. on February 5, 2020. 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 RFP should be directed to MARSHESCredits@edc.nyc. On a rolling basis, answers to previously unanswered questions will post to the Frequently Asked Questions (“FAQ”) section of the NYCEDC Saw Mill Creek project webpage (https://www.nycedc.com/project/marshes-initiative) (the “FAQ Section”). It is anticipated that answers to any such previously unanswered questions will be posted to the FAQ Section within ten (10) business days of applicable question submission. Answers to all submitted questions will be posted to the FAQ Section no later than February 19, 2020. The FAQs and answers will be cumulative including answers from all prior Open RFP Submission Deadlines.
The Open RFP is available for in-person pick-up between 9:30 a.m. and 4:30 p.m., Monday through Friday, from NYCEDC, This Open RFP allows Respondents to submit responses prior to one of eight (8) deadlines. NYCEDC will review responses submitted prior to each Submission Deadline, and may commence negotiations 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: Wednesday, May 30, 2018; Wednesday, August 29, 2018; Wednesday, November 28, 2018; Wednesday, February 27, 2019; Wednesday, May 29, 2019; Wednesday, August 28, 2019; Wednesday, December 4, 2019; and Wednesday, February 26, 2020. Please submit six (6) sets of your expression of interest to: NYCEDC, Attention: Maryann Catalano, Chief Contracting Officer,