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Tuesday, December 11, 2018

RIOC 2019-20 Budget, Public Purpose Funds, New CFO, Historical Documents Transfer Among Agenda Items For Roosevelt Island Operating Corp December 13 Board Of Directors Meeting - Public Comment Session Prior To Start Of Board Meeting Too

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Thursday, December 13 at the Cultural Center (548 Main Street).

Image From RIOC

Among the items on the Agenda are:
  • Approval of Proposed 2019-20 RIOC Budget,
  • Approval Of Public Purpose Funds Expenditures,
  • Appointment of new RIOC Chief Financial Officer and
  • Transfer of Roosevelt Island Historical Documents to  NY State Archive
Prior to the start of the RIOC Board meeting, there will be a public comment period. Sign up here to speak at the meeting.

According to the Proposed RIOC 2019 - 20 Budget:
RIOC’s Proposed Budget FY 2019‐20 projects revenues of $30,700,000 a decrease of $23,170,123 or 43.01 % over the Approved Budget FY 2018‐19 amount of $53,870,123. RIOC generates most of its revenues from long‐term ground leases to developers of housing projects on the Island. These leases specify the manner in which the ground lease revenues are derived, including amounts, timing, and escalation of ground lease payments, specifically residential fees, ground rents, and public safety fees. In addition, RIOC generates revenues from its Tramway transportation system, Motorgate parking garage, metered street parking, commercial leases, interest income, and other revenues. Other revenues mostly consist of permitting fees collected for activities that take place in the Sportspark sports facility, the Cultural Center, the Sports Fields, and third party construction on the Island.

Residential fees are projected to increase by $937,000 or 63.18 %. This is mainly due to two factors: (1) TEP payments from Southtown Building 9 in the amount of $134,000, and (2) the Sponsor Sales from Westview in the amount of $750,000.

Ground rents are projected to decrease by $23,570,123 or 61.82 % mainly due to the anticipated payment of the State’s contribution for Cornell in FY 18‐19.

Commercial rents are projected to increase by $57,000 or 3.63 % due to contractual escalations.

Tramway revenues are projected to decrease by $806,000 or 14.70 %, due to reduced ridership and downtime for long‐term overhauls.

Public Safety revenues are projected to increase by $57,000 or 2.83 % due to contractual escalations.

Transport/parking revenues are projected to decrease by $568,000 or 18.00 %, mainly due to the elimination of night‐time paid parking and over‐projection of the revenues in the FY 18‐19 budget.

Interest revenues are projected to increase by $16,000 or 4.58 % due to gradual increases in interest rates.

Other Revenues is projected to increase by $707,000 or 41.81 %. Most of the increase is due to projected revenues from FEMA for restoration of damages to the seawall from Hurricane Irene....
Click here for the full RIOC Proposed 2019-20 Proposed Budget included in December 13 Board Materials package as well as supporting material for other Agenda items.


I. Call to Order

II. Roll Call

III. Approval of Minutes
1. October 18, 2018 Board Meeting (Board Action Required)
2. November 20, 2018 Special Board Meeting (Board Action Required)

IV. Old Business

V. New Business
1. Designation of Keith Thompson to Serve as Records Management Officer of the Roosevelt Island Operating Corporation (Board Action Required)

2. Approval of the Proposed RIOC Budget for Fiscal Year 2019-20 (Board Action Required)

3. Appointment of John O’Reilly to the Position of Chief Financial Officer and Vice President for Financial Affairs of the Corporation (Board Action Required)

4. Authorization to Transfer RIOC Archival Records of Historical Value to NYS Archives (Board Action Required)

5. Approval of Schedule of 2019 Meetings of the Roosevelt Island Operating Corporation Board of Directors (Board Action Required)

6. Authorization to Amend the Expenditure of Public Purpose Funds for Fiscal Year 2017-18 (Board Action Required)

7. Authorization of Expenditure of Public Purpose Funds for Fiscal Year 2018-19 (Board Action Required)

8. President’s Report

9. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee

10. Public Safety Report

VI. Adjournment

1 The RIOC Board Meeting will commence following a public comment period. The public comment period is not part of the meeting.

Roosevelt Island Jobs Available With RIOC & Cornell Tech - RIOC Lifeguard, VP of Capital Projects/Planning, Facilities Manager and Cornell Tech Student Wellness/Support Manager

Are you looking for a job, how about a position right here on Roosevelt Island?

 The Roosevelt Island Operating Corp (RIOC) has several current jobs available.

For example,
Job Description: Lifeguard SUMMARY: The Roosevelt Island Operating Corporation is currently seeking a qualified Lifeguard with a great personality and a passion... Full Description 

Assistant Vice President, Capital Projects & Planning

Posted December 3, 2018 9:00 AM | Closes January 31, 2019 11:59 PMWhat we’re looking for: Roosevelt Island Operating Corporation (RIOC) seeks a highly organized, strategic and visionary AVP, Capital Project with strong project... Full Description

Facilities Manager

Posted November 2, 2018 1:44 PM | Closes December 28, 2018 11:59 PMWhat we’re looking for: Roosevelt Island Operating Corporation (RIOC) seeks a highly organized Facilities Manager with strong time management, customer... Full Description
Also, Cornell Tech has a position available as a Student Wellness and Support Manager:
... The Student Wellness and Support Manager is a full-time, visible resource to Cornell Tech graduate and professional students as well as Ithaca-based Cornell undergraduate, graduate, and professional students engaged in academic study in New York City living and/or studying on the Cornell Tech Campus. Reporting to the Director of Student Services at Cornell Tech, the position provides non-clinical support as well as proactive programming on topics including, but not limited to, physical health, mental health, stress management, and other wellness related areas....
Good luck!!!!!!

Caught Between The Moon And New York City On The Roosevelt Island Tram - Gorgeous Nighttime View Of Tram Gliding Over East River Seen From Queensboro Bridge

Roosevelt Island resident Scott Piro shares this gorgeous nighttime view of the Roosevelt Island Tram gliding over East River seen from the Queensboro Bridge and adds:

From the #edkochqueensborobridge, 8 Dec 2018 during 21:00 hour.

I stopped while jogging over the bridge to see THIS

Monday, December 10, 2018

RIRA $3.250 Public Purpose Funds Recommendation Slap In Face Of Roosevelt Island Seniors Says Center Exec Director - RIOC Proposes To Revise And Increase Grant For Programs To More Than 10 Grand At Dec 13 Board Meeting

As previously reported, the Roosevelt Island Residents Association (RIRA) 2018-19 Public Purpose Funds recommendations to the Roosevelt Island Operating Corp (RIOC) for the Carter Burden Roosevelt Island Senior Center was significantly less than other Roosevelt Island non profits:

... The RIRA recommendations ranged from $9,750 to $29,500 for 9 of the 10 Roosevelt Island non profit organizations. Left far behind was the Carter Burden Roosevelt Island Senior Center who received a recommendation for much less - $3,250.

The final decision on distribution of Public Purpose Funds is made by RIOC...
During the December 4 Carter Burden Roosevelt Island Senior Center General Meeting, Executive Director Lisa Fernandez said that decision was a:
... Slap in the face of the senior population. You don't care as much as a cat. You don't care as much as the dirt. We all care, we all matter. We all matter equally...

Ms Fernandez incorrectly attributed the recommendation to RIOC rather than RIRA.

But, the Carter Burden Roosevelt Island Senior Center members will have some good news this Holiday Season thanks to the Roosevelt Island Operating Corp (RIOC).
Revising the RIRA recommendations, RIOC plans to grant the Carter Burden Roosevelt Island Senior Center $10,588 in Public Purpose Funds later this week during the Thursday, December 13 Board of Directors meeting.

According to this November 16 memo from RIOC President Susan Rosenthal to the RIOC Board of Directors:
Attached are the Roosevelt Island Resident Association Public Purpose Grant recommendations for the fiscal year 2018-19. RIRA conducted evaluations through its Public Purpose Funds Committee (“Committee”). The Committee took into account information provided in the applications and at public interview sessions, while considering evaluative criteria provided by RIOC. This year, the budget for grants has increased 50% for a total of $150,000. Grants will remain open through March 31, 2019.

RIOC is also in receipt of the annexed letter from William Dionne, Executive Director of the Carter Burden Network (“CBN”), vis-à-vis RIRA’s recommended allocation of $3,250 to CBN (16% of CBN’s $20,000 request). In sum, the letter highlights that seniors account for 25% of the Island’s community and that CBN’s budget for instructor-led programming is severely underfunded. Only 5% of their budget of $50,120 for these classes is funded by NYC Department for the Aging. Absent sufficient Public Purpose funds, CBN would be adversely affected in its ability to provide this much needed programming. Also attached is CBN’s presentation to the community, showcasing their achievements and the critical need for these funds.

In light of the foregoing, we recommend that the Board modify RIRA’s recommendations to all other applicants at a modest rate of 5% and increase CBN’s award by that amount. The proposed awards are summarized in the table below.

Below is letter from Carter Burden Network Executive Director Bill Dionne to RIOC requesting an increase to the RIRA Public Purpose Funds recommendation

and more from the Carter Burden Roosevelt Island Senior Center General Meeting on the subject

including discussion of Roosevelt Island Senior Center funding sources.

RIRA declined to comment on reasons for their Public Purpose Funds recommendations for the various Roosevelt Island non profit organizations and to specify the evaluative criteria provided by RIOC.

Friday, December 7, 2018

Happy Chanukah From Roosevelt Island - Join The Chabad Of Roosevelt Island For Family Public Menorah Lighting Saturday December 8 At Rivercross Lawn - Pass The Latkes Please & Spin the Dreidel With The Maccabeats

The Chabad of Roosevelt Island invite you to the Annual Family Public Menorah Lighting for the 7th Chanukah Light at the Rivercross Lawn

on Saturday evening December 8 (6:30 PM):
Come together to celebrate Jewish pride!

Enjoy hot latkes, hot drinks, music, dreidels and other  ttreats.

For more information contact

Happy Chanukah from Roosevelt Island

and the Maccabeats. Have fun spinning the dreidel

and enjoy the Latkes.


History of Chanukah here.

Roosevelt Island Transportation This Weekend - No Roosevelt Island F Train Service From Manhattan, Both Tram Cabins At Full Capacity And NYC Ferry Winter RI Service Schedule

No Roosevelt Island F Train service from Manhattan this weekend.

According to the MTA:
TRACK MAINTENANCE 11:45 PM Fri, Dec 7 to 5 AM Mon, Dec 10 to 5 AM Mon Jamaica-bound F trains are rerouted via the E after 47-50 Sts in Manhattan to Roosevelt Av in Queens.

No Jamaica-bound service at Lexington Av/63 St, Roosevelt Island and 21 St-Queensbridge.

... To Roosevelt Island and 21 St-Queensbridge, take the F to Roosevelt Av and transfer to a Brooklyn-bound F.

From these stations, take a Brooklyn-bound F to 47-50 Sts and transfer to a Jamaica-bound F. 
... STATION ENHANCEMENTS | Until December 2018 57 St F Station is closed...
Both Tram Cabins operating at full capacity.

There is Roosevelt Island ferry service on the Astoria Route. Here's the Winter Schedule for Roosevelt Island ferry service.