(c)Exhibits required.The offering plan submitted to the Department of Law must contain the exhibits described below and provide that all exhibits are part of the offering plan required by General Business Law article 23-A and subject to the requirements and sanctions of the law. Whenever an exhibit document is marked "Original" (orig.), it means that all copies must be duly executed, original documents. Whenever a document is marked "copy", it means that a true and complete copy of the document should be included. Two copies of parts A (Certifications) and B (General) of the exhibits are required, indexed with numbered tabs and secured in a folder so that documents can easily be removed. In addition, conformed or photostatic copies of the part A certifications should appear in the body of the plan. Inapplicable exhibits should be expressly noted and explained in the transmittal letter.
(1) Part A of the exhibits (Certifications) shall include:(i)(A-1)-certification by sponsor and sponsor's principals (orig.); and(ii)(A-2)-certification by sponsor's engineer or architect (orig.).(2) Part B of the exhibits (General) shall include:(i)(B-1)-copy of title company report, dated within 30 days of submission;(ii)(B-2)-copy of proposed management agreement;(iii)(B-3)-copies of all contracts which will become binding on the apartment corporation, for $2,500 or more per year, such as service, union, washing machine, television antennae, cable television, snow removal, landscaping, security, exterminating, elevator, heating and air conditioning contracts;(iv)(B-4)-copy of letter from insurance company or its authorized agent, stating proposed insurance coverage [including fire liability and officers' and directors' liability (if any)] and amounts, the applicable tariff classifications and the annual premium or premiums and a copy of an opinion from a licensed insurance broker appraiser concerning adequacy of coverage to avoid being a coinsurer and/or the adequacy of coverage to replace the building;(v)(B-5)-copies of G.B.L. section 352-b designations of Secretary of State as agent (for out-of-state issuers, sponsors, principals and selling agents);(vi)(B-6)-worksheets which set forth bases for projections and method and calculations used to prepare first-year operating budget;(vii)(B-7)-copy of certificate of incorporation and receipt from Secretary of State;(viii)(B-8)-copy of specimen stock certificate;(ix)(B-9)-copy of mortgage commitment (if any);(x)(B-10)-copy of any mortgage and bond or note that will be a lien after closing;(xi)(B-11)-copy of proposed purchase money mortgage and note (if any);(xii)(B-12)-copies of all professional and commercial leases;(xiii)(B-13)-certified rent roll including the name of each tenant, apartment number, rent, term and termination date of lease, and status under any rent regulatory laws for the month in which the offering plan was submitted to the Department of Law. Indicate vacant apartments and the date on which each such apartment first became vacant. Include an affidavit setting forth the identity of any tenants who are related by blood, marriage or adoption to the sponsor or selling agent, or who are principals, employees, shareholders, limited partners or business associates of the sponsor or selling agent;(xiv)(B-14)-copy of contract to acquire property if not currently owned by sponsor;(xv)(B-15)-copy of the mortgage and note or bond required by a sponsor if sponsor is offering financing, or required by a mortgage lender procured by sponsor, together with any other document which significantly affects a purchaser's obligations for financing offered or procured by sponsor. If the documents are not available at the time of submission to the Department of Law, so indicate and forward when available;(xvi)(B-16)-for cooperatives located outside of New York, copy of statutes and regulations governing cooperatives and evidence of compliance with that law;(xvii)(B-17)-copy of contract of sale or exchange between the sponsor and the apartment corporation that conforms to the contract described in the offering plan; and(xviii)(B-18)-other material document(s), each of which should be described in the transmittal letter, e.g., copy of regulatory agreement with a government agency.(3) Two copies of part C (Engineering) of the exhibits in a separate folder similarly secured and indexed. Part C of the exhibits shall include:
(i)(C-1)-architect's or engineer's detailed description of the physical aspects of the cooperative with the architect's or engineer's stamp and original signature; and(ii)(C-2)-copy of certificate of occupancy, if available.(4) Two copies of the exhibits, part D (Fees, and other information) in a separate folder similarly secured and indexed. Part D of the exhibits shall include:
(i)(D-1)-personal or certified checks for one half the filing fees due under G.B.L. section 352-e(7)(a) and the entire amount of the fees due under G.B.L. section 359-e(5), both payable to the New York State Department of Law and placed within an envelope together with the form of receipt issued by the Department of Law;(ii)(D-2)-signed M-10 forms, registration for broker-dealer, for the selling agent(s) (orig.), and signed M-2 forms, salesman statement, for all individual employees who act as salesmen for selling agents (orig.). Forms do not have to be submitted if currently valid registration forms are on file with the Department of Law from prior public offerings;(iii)(D-3)-signed M-10 form(s), registration for broker-dealer, for all principals of the sponsor (orig.). Forms do not have to be submitted if currently valid registration forms are on file with the Department of Law from prior public offerings;(iv)(D-4)-signed RI-1 form, registrant information form(s) concerning prior convictions, judgments, administrative actions, bankruptcy, employment and business affiliations for all principals of the sponsor (orig.);(v)(D-5)-proof of financial responsibility of sponsor (certified sponsor's statement or affidavit of sponsor's net worth) and sponsor's certification that its net worth is sufficient to meet sponsor's unsecured obligations under the plan including sponsor's obligations for unsold shares (orig.);(vi)(D-6)-an affidavit from sponsor and principals of sponsor, as defined in section 21.1(c) and (d) of this Chapter, stating whether sponsor and principals of sponsor have taken part in public offerings of cooperative interests in realty including condominiums in or from New York which were initially offered during the preceding five years. State the address of the realty and approximate date of the closing for cooperatives and the first closing for condominiums;(vii)(D-7)-exemption application pursuant to G.B.L. section 359-e; and(viii)(D-8)-completed statistical information card(s) available from the Department of Law.