§ 1-30 Settlements.
RCNY § 1-30
(a)Where informal conferences conducted by an Adjudicator result in the resolution of disputes to the mutual satisfaction of the parties, a stipulation of agreement must be entered into by the parties and reviewed by the Executive Director. A summary report of such matters including the type of Application, the issues presented and the resolution reached must be made to the Loft Board, which may direct that a particular matter be reopened and referred for further investigation. These cases will appear on the summary calendar of the Loft Board's agenda. Upon issuance of an order, such summary cases will be deemed closed.
(b)The Loft Board has the authority to reject a proposed settlement, in whole or in part, that includes terms that violate public policy or is void and unenforceable. (Added City Record 3/1/2023, eff. 3/31/2023)
