NY S07870

Requires the NYC Parks and Recreation Commissioner to establish a formal, publicly-available application process for sole-source concession agreements within six months of the act's effective date

Mandates the city respond to applications within 120 days, either detailing negotiation parameters with six-month benchmarks or denying with cause (which may be appealed), and complete negotiations within three years

Authorizes independent arbitration to generate agreements if the city fails to respond within 180 days or misses the three-year negotiation deadline

Defines sole-source concession agreements as non-competitive arrangements for not-for-profit organizations offering programming such as museums, nature centers, educational programs, urban agriculture, markets, and food services

Requires concessionaires to hold insurance and indemnify the city, with agreements overseen by city parks divisions and approved by the franchise concession review committee