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  • Description
    The transfer of development rights has specific geographic and documentary requirements such as as-of-right transactions between two adjacent properties with a contiguous lot line. The use of advanced techniques such as air parcel to store development rights for later use is not uncommon. In this CLE course, you will learn the language of zoning and development rights transfers, the due diligence required to determine if transfers have occurred and the documentation and approvals to implement advanced and as-of-right transfers. The course will also explain development rights generated through Inclusionary Housing programs or those located in special districts such as the Highline Transfer Corridor or South Street Seaport and how they may be transferred.
  • Instructor Bio

    Paul Proulx

    Paul J. Proulx focuses on land use, zoning and development matters as well as general real estate transactions. Mr. Proulx represents clients before New York City agencies, such as the Board of Standards and Appeals, City Planning Commission, Economic Development Corporation, Department of Housing Preservation and Development, Landmarks Preservation Commission, Office of the Mayor and New York City Council.

    Mr. Proulx has extensive experience drafting and prosecuting land use applications and the restrictive declarations that accompany them. He also negotiates and drafts purchase and sale agreements, zoning lot development agreements (ZLDAs), declarations, licenses, and easements for development rights transactions between adjacent property owners. In addition, Mr. Proulx advises clients on NYC tax incentives and zoning and construction code issues.

    Before he entered private practice, Mr. Proulx spent time in government and worked in-house with a hotelier and real estate development firm. Before joining Carter Ledyard, he practiced at two global law firms.