Bid Package and Instructions
The Minimum Upset Price is the minimum amount that will be considered valid. The highest valid bids will be named apparent winners. Any bids below the Minimum Upset Price will be rejected as being non-responsive.
New York City Taxi and Limousine Commission (TLC) Commissioner will determined the Minimum Upset Price at least ten(10) days before Bid Collection begins
Persons interested in bidding in the upcoming auctions for taxicab medallions, are reminded that responsive bids MUST include a commitment letter. The commitment letter must:
Broker Directive and Information
Approximately one to two weeks before the auction, the TLC will issue a directive (via both certified mail and Industry Notice) to all TLC-licensed brokers requiring such brokers to advise the TLC, by no later than the first date set for bid collection of the names of each owner, principal, shareholder, member, partner and employee of such broker at any time during the five years prior to the date of the first publication in the City Record of Notice of the Auction.
The TLC will compile a list of all persons identified as a result of this directive.
Submit completed PDF document to firstname.lastname@example.org by the date listed on your directive.
Environmental Impact Statement
City Environmental Quality Review (CEQR) is New York City’s process of implementing the New York State Environmental Quality Review Act, by which agencies of the City of New York review proposed discretionary actions to identify and disclose the potential effects those actions may have on the environment. For more information please visit the Mayor’s office of Environmental Coordination at NYC Mayor's Office of Environmental Coordination.
Current and Past Auction Results