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NYC Rules of the City of New York

§ 65-17 — Bidding Requirements and Procedures.

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What is NYC RCNY § 65-17?

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(a) Bidder Criteria. Any person can bid.

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§ 65-17 Bidding Requirements and Procedures.

RCNY § 65-17

(a)Bidder Criteria. Any person can bid. However, the highest Bidder must satisfy all criteria for Taxicab License owners. The Chairperson will review the application for a license by the highest bidder to determine if that bidder satisfies the ownership criteria.

(b)Application for Medallion License. The highest bidder must file an application for a Taxicab License with the Commission within three weeks from the auction date, unless the Chairperson extends the deadline for good cause.

(c)Denial of Application.

(1)If the highest bidder's application for a license is denied for any reason, the second-highest bidder will be awarded the sale on condition that the second-highest bidder's application for a Taxicab License is approved by the Chairperson.

(2)If neither the highest bidder's nor the second-highest bidder's application for a license is approved, the auction will be nullified.

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