Proposed RIOC Fiscal Year 2020-21 Budget, Appointment Of New Legal Affairs VP And Executive Session Personnel Matters Among Items On Agenda For Roosevelt Island Operating Corp September 5 Board Of Directors Meeting - Public Comment Session Prior To Start Of Meeting Too

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

 Image From June 2019 RIOC Board Meeting

You're invited to  attend, ask questions and share concerns about Roosevelt Island during the opening Public Session before the start of the meeting. Sign up to speak here.

Among the items on meeting Agenda are:

• Presentation of the Proposed Budget FY 2020-21
• Appointment of Gretchen K. Robinson to the Position of Secretary and Vice President for Legal Affairs of the Corporation

and an Executive Session (closed to the public):

• Discussion of personnel matters

According to RIOC:

PLEASE TAKE NOTICE that a Board of Directors meeting will be held on Thursday, September 5, 2019 at 5:30 p.m. at the Cultural Center Theater, 548 Main Street, Roosevelt Island, New York 10044

AGENDA

SEPTEMBER 5, 2019 MEETING OF

THE ROOSEVELT ISLAND OPERATING CORPORATION BOARD OF DIRECTORS

THE CULTURAL CENTER THEATER, 548 MAIN STREET,

ROOSEVELT ISLAND, NEW YORK

5:30 P.M.1

I. Call to Order

II. Roll Call

III. Approval of Minutes

1. June 25, 2019 Board Meeting (Board Action Required)

IV. Old Business

V. New Business

1. Appointment of Gretchen K. Robinson to the Position of Secretary and Vice President for Legal Affairs of the Corporation (Board Action Required)

2 . Presentation of the Proposed Budget FY 2020-21

3. President’s Report

4. Committee Reports

a. Audit Committee

b. Governance Committee

c. Operations Advisory Committee

d. Real Estate Development Advisory Committee

Public Safety Report

VI. Executive Session

1. Discussion of personnel matters

VII. Adjournment

__________________________

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

Don't know what the Executive Session regarding "personnel matters" is about but RIOC recently dismissed 2 long time staffers. A RIOC spokesperson explained:

Over the past year, RIOC's executive team has taken on the challenge of strategically planning the future of our organization. Unfortunately, this means we must say goodbye to colleagues who have been part of our RIOC family for quite some time. These decisions are difficult but necessary as RIOC constantly strives to become as efficient and productive as possible for our residents and stakeholders.

Here's the full Proposed RIOC Budget for fiscal year 2020-21.

An excerpt:

The Island is currently experiencing an economic boom in real estate with the construction‐in‐progress for Southtown Building 8 and 9, the completion of phase 1 of the multi‐billion‐dollar Cornell Tech campus site, and the evolution of the original residential complexes. These developments are the main drivers for the increased revenues and expenses mentioned below. This would support the need to increase funding to the Public Safety Department, Community Relations activity, professional support, training, etc. RIOC is contractually and statutorily required to maintain infrastructure and provide adequate service to the Island to accommodate this growth. Accordingly, RIOC is in the midst of significant infrastructure and facilities repairs and improvements as outlined on pages 8 through 10 of the budget. Changes year over year are discussed below:

The Proposed Budget FY 2020‐21 projects capital improvements in the amount of $40,881,000, an increase of $6,217,000 over the Approved Budget FY 2019‐20 amount of $34,664,000. The Proposed amount primarily consists of capital projects in the projected amount of $38,811,000, but also includes the capitalized purchase of equipment and vehicles in the amount of $470,000 as well as capital reserve and contingency in the amount of $1,600,000. Categories of projects include sports fields and parks, historic and landmark structures, infrastructure improvements, facilities and offices, special projects and the Tramway.

For sports fields and parks, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $17,235,000, an increase of $8,609,000 over the Approved Budget FY 2019‐20 amount of $8,609,000. The increase is mainly due to the projected Lighthouse Park Expansion and Partial Reconstruction.

For historic and landmark structures improvement, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $1,327,000, a decrease of $386,000 from the Approved Budget FY 2019‐ 20 amount of $1,703,000. The decrease is mainly due to the completion of the Hope Memorial (Construction/Granite procurement) in FY 2019‐20.
For infrastructure improvements, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $16,831,000, a decrease of $3,357,000 from the Approved Budget FY 2019‐20 amount of $20,188,000. The decrease is mainly due to the projected completion of the Seawall‐Railings Replacement (Construction) in FY 2019‐20 and the phasing of the Southpoint Open Space Park – Seawall (Construction) over three years.

For facilities and office improvements, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $1,043,000, an increase of $1,043,000 over the Approved Budget FY 2019‐20 amount of $0. The increase is mainly due to the projected improvement of the Motorgate Plaza and Atrium, the Youth Center Refurbishment and the Dayspring Church.

For equipment and vehicles, the Proposed Budget FY 2020‐21 project expenditures in the amount of $470,000, a decrease of $30,000 over the Approved Budget FY 2019‐20 amount of $500,000. The decrease is mainly due to the projected purchase of equipment in FY 2019‐20.

For lighting and signage, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $0, a decrease of $280,000 over the Approved Budget FY 2019‐20 amount of $280,000. The decrease is due to the completion of the Signage and Traffic Analysis project in 2019‐20.

For the Tramway, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $2,385,000, an increase of $664,000 over the Approved Budget FY 2019‐20 amount of $1,721,000. The increase is mainly due to the projected overhaul of the Tram Rope, the improvement to the Tram Plaza – Roosevelt Island, and the construction of the Tram Elevator – Manhattan.

For the miscellaneous, the Proposed Budget FY 2020‐21 projects expenditures in the amount of $1,600,000, a decrease of $63,000 from the Approved Budget FY 2019‐20 amount of $1,663,000. The decrease is mainly due to the engagement of an Owner’s Representative to facilitate the many projects offset by a reduction in the contingency....