Approval Of Upcoming RIOC 2023-24 Fiscal Year Budget On Agenda For In Person December 22 Board Of Directors Meeting - You're Invited To Attend And Sign Up To Ask Your Questions About Roosevelt Island Issues

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet in person tomorrow, December 22 at 5:30 PM in the the Cultural Center (548 Main Street).

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 the Meeting Agenda is approval of the proposed RIOC Budget for Fiscal Year 2023-24 which projects revenue of $34,280,000 and capital improvements in the amount of $6.8 million.

Below is the Agenda for the meeting. 

Click on the links below for Board Materials on Agenda items.

1. NB-1 Budget FY2023-24
2. NB-2 Board meetings schedule 2023
3. NB-3 Ral-Bar_On-Call Electrical Services_Contract
4. NB-4 NYCT_PPF_Amendm Ratification
5. Financial Statement for November 2022
6. PSD Report Oct Nov 2022
   

You can watch the Board meeting here.

Roosevelt Island Proposed 2022-23 Budget And Appointment Of New VP Of Operations On Agenda For December 29 RIOC Board Of Directors Meeting - You Can Watch Meeting Via Video Conference And Submit Question Or Comment

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Wednesday December 29, via video conference.  

You can watch the Board meeting here and ask questions or share concerns about Roosevelt Island issues during the opening Public Session before the start of the meeting. Submit your written question or comment here.

But be aware that RIOC Board Members and staff usually do not respond to questions during the Public Session though they sometimes they may do so or address the subject during the actual Board meeting. 

Among the items on the December 29 Agenda are:

• 1- Approval of the Proposed RIOC Budget for Fiscal Year 2022-23 (Board Action Required)
  
• 3- Appointment of Debra Kustka to the Position of Vice President of Operations of the Corporation (Board Action Required)

Here's the full December 29 RIOC Board meeting agenda.
and Proposed RIOC 2022-23 budget.

Roosevelt Island 2022-23 Proposed Budget And Holiday Lights Among Items On September 29 RIOC Board Of Directors Meeting - You Can Watch Meeting Via Video Conference And Submit Question Or Comment

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Wednesday September 29, via video conference.  

You can watch the Board meeting here and ask questions or share concerns about Roosevelt Island issues during the opening Public Session before the start of the meeting. Submit your written question or comment here.

Among the items on the Agenda are:

• 1. Presentation of Proposed Budget FY 2022-23 
• 2. Authorization to Enter into Agreement with Neave Group for Roosevelt IslandHoliday Decoration (Board Action Required)

 Here is the full agenda for the September 29 RIOC Board Meeting.

Info on the Holiday Lights agenda item at this prior post.

According to the 2022-23 RIOC Proposed Budget

Capitol Projects

The Proposed Budget FY 2022‐23 projects capital improvements in the amount of $7,815,000, a decrease of $4,095,000 over the Approved Budget FY 2021‐22 amount of $11,910,000. The Proposed amount primarily consists of capital projects in the projected amount of $6,300,000, but also includes the capitalized purchase of equipment and vehicles in the amount of $515,000 as well as miscellaneous in the amount of $1,000,000. Categories of projects include sports fields and parks, historic and landmark structures, infrastructure improvements, facilities and offices and the Tramway. 

For sports fields and parks, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $3,596,000, an increase of $996,000 over the Approved Budget FY 2021‐22 of $2,600,000. The increase is mainly due to the Sportspark renovation(Construction) project which is expected to be completed mid‐ year 2022. 

For historic and landmark structures improvement, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $0, a decrease of $1,317,000 from the Approved Budget FY 2020‐21 amount of $1,317,000. The decrease is due to the projected completion of the Blackwell House Exterior and Roof, Lighthouse Restoration (Construction & Design) and Smallpox Hospital (Design) in FY 2020‐21. 

For infrastructure improvements, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $2,704,000, a decrease of $1,306,000 from the Approved Budget FY 2021‐22 of $4,010,000. The decrease is mainly due to the projected completion of the Blackwell Plaza and Sidewalk Renovation. Motorgate Repairs PHASE 1 (Construction), and the Southpoint Open Space Park – Seawall (Construction) projects in FY 2020‐21 

For facilities and office improvements, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $0, a decrease of $60,000 over the Approved Budget FY 2021‐22 amount of $60,000. The decrease is mainly due to the projected completion of AMC Mechanical/Piping. 

For equipment and vehicles, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $515,000, an decrease of $200,000 over the Approved Budget FY 2021‐22 of $715,000. The decrease is mainly due to the projected completion of Dark Fiber in FY 2021‐22. 

For the Tramway, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $0, a decrease of $1.725,000 over the Approved Budget FY 2021‐22 of $1,725,000. The decrease is mainly due to the projected completion of Tram Elevator Manhattan (Construction) project in FY 2021‐22. 

For the miscellaneous, the Proposed Budget FY 2022‐23 projects expenditures in the amount of $1,000,000, an decrease of $1,800,000 from the Approved Budget FY 2021‐22 of $2,800,000. The decrease is mainly due to the engagement of an Owner’s Representative to facilitate the many projects.

Revenues

RIOC’s Proposed Budget FY 2022‐23 projects revenues of $32,384,000, a decrease of $425,000 or 1.30% over the Approved Budget FY 2021‐22 amount of $32,809,000. RIOC generates most of its revenues from long‐term ground leases to developers of housing projects on the Island. These leases specify the methodology by 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 and interest income. 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 $614,000 or 33.81%. This is mainly due to the Tax Equivalency Payment for Southtown Building #5 & 6 (Beg. 13th year after the Temporary Certificate of Occupancy). Ground rents are projected to increase by $597,000 or 3.92% mainly due to the completion of Southtown Building #8 in FY 2020‐21.

Commercial rents are projected to increase by $25,000 or 1.47% due to contractual escalations. Tramway revenues are projected to decrease by $1,734,000 or 27.28% mainly due to the ridership decrease in New York City after the pandemic.

Public Safety revenues are projected to increase by $72,000 or 3.16% due to contractual escalations and Southtown Building 8 construction.

Transport/parking revenues are projected to decrease by $10,000 or 0.31%, mainly due to a decrease in the projected street parking revenue....

.... Personnel Expenses

RIOC’s Proposed Budget FY 2022‐23 projects personnel expenses of $12,396,308, an increase of $478,766 or 4.02% over the Approved Budget FY 2021‐22 of $11,917,541. The projected increase is mainly due to raises to individuals who took on additional responsibility during the pandemic year.

The RIOC Board of Directors Audit Committee discussed the 2022-23 Proposed Budget during September 22 meeting shown below.

Click here to review the RIOC 2022-23 Proposed Budget.

RIOC Board Meeting Today September 14, Presentation Of Proposed Budget For 2021-22 Fiscal Year Main Item On Agenda - Spending Down, Revenue Down, Staff Reductions, Increased Expenses To Pay For Roosevelt Island Youth Center Services And Personnel

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM today, September 14, via video conference. You can watch the Board meeting here and ask questions or share concerns about Roosevelt Island during the opening Public Session before the start of the meeting. Sign up to speak here.

The meeting was postponed from September 10.

The main item on the Agenda is presentation of the of Proposed Budget for fiscal year 2021-22:

AGENDA

SEPTEMBER 10, 2020 MEETING OF THE ROOSEVELT ISLAND OPERATING CORPORATION BOARD OF DIRECTORS VIDEOCONFERENCE1

5:30 P.M.

I. Call to Order

II. Roll Call

III. Approval of Minutes
1. July 2, 2020 Board Meeting (Board Action Required)
2. August 5, 2020 Board Meeting (Board Action Required)

IV. Old Business

V. New Business
1. Presentation of Proposed Budget FY 2021-22
2. Acting President’s Report
3. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee
4. Public Safety Report

VI. Adjournment

Click here to review the RIOC's Proposed Budget.

According to the Proposed Budget (Page 1-4):

Read more »

Presentation Of Proposed 2019-20 RIOC Budget, Youth Center Department Programs, AVAC Upgrade, Blackwell House Renovation, Helix Ramp Repairs & More On Agenda For September 6 Roosevelt Island Operating Corp Board Of Directors Meeting

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

 (Image Of May 17 RIOC Board Meeting)

Prior to the start of the RIOC Board meeting, there will be a public comment period. Sign up here to speak at the meeting.

Among the items on the Agenda are a presentation of RIOC's Proposed Budget for Fiscal Year 2019-20 and  plans for RIOC Youth Center Department Youth Programs.

Images From 9/6 RIOC Directors Board Meeting Materials

According to RIOC:

AMENDED AGENDA

SEPTEMBER 6, 2018 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, 2018 Board Meeting (Board Action Required)
2. July 23, 2018 Special Board Meeting (Board Action Required)
IV. Old Business
V. New Business
1. Presentation of the Proposed Budget FY 2019-20
2. Presentation by the NYS Archives
3. Presentation by the RIOC Youth Center Department on the Youth Programs
4. Authorization to Enter into Contract with ENVAC Iberia, S.A. in connection with the AVAC Controls Upgrade Project (Board Action Required)
5. Ratification of the Amendment of Contract with AFL Construction Inc. for the Blackwell House Interior and Ramp Way Renovations (Board Action Required)
6. Ratification of the Amendment of Contract with Specialty Construction, Inc. the Helix Ramp and Flat Plaza Repairs (Board Action Required)
7. Authorization to Enter into Contract with EIA Datacom Inc. for Wiring and Access Control Services (Board Action Required)
8. Authorization to Enter into Contract with Derive Technologies LLC for Network Infrastructure Services (Board Action Required)
9. President’s Report
10. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee
11. 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.

Click here to view the Board Materials for each Agenda Item.

RIOC Budget Approval, Public Purpose Funds Authorization & Funds For Youth Center Program Among Items On Agenda For December 19 Roosevelt Island Operating Corp Board Of Directors Meeting

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Tuesday, December 19 at the Cultural Center (548 Main Street). Among the items on the Agenda are

• Approval of the Proposed RIOC Budget for Fiscal Year 2018-19,
• Authorization of Expenditure of Funds for Roosevelt Island Youth Program,
• Authorization of Expenditure of Public Purpose Funds for Fiscal Year 2017-18  

Prior to the start of the RIOC Board meeting, there will be a public comment period. Sign up here to speak at the meeting.

The RIOC Proposed Budget reports rescheduling the start of Southtown Building 8 and 9 construction to April 2018 and July 2019 respectively.

The RIOC Budget also includes projected payment of over $23 million from NY State for the Cornell Tech project.

Image From RIOC

According to the Proposed RIOC Budget for Fiscal Year 2018-19 (Page 1):

Revenues

RIOC’s Proposed Budget FY 2018‐19 projects revenues of $51,203,000 a increase of $23,234,000 or 83.07 % over the Approved Budget FY 2017‐18 amount of $27,969,000. 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 decrease by $534,000 or 26.47%. This is mainly due to two factors: (1) the rescheduling of the projected construction dates for Southtown Building 8 and 9 to April 2018 and July 2019; respectively, resulting in the deferral of Tax Equivalent Payments in the amount of $268,000 to the respective fiscal periods, and (2) the completion of the Island House Initial Sponsor Sales in FY 17‐ 18, resulting in the reduction of the projections for coop and condo sales transactions fees for FY 18‐19 in the amount of $221,000.

Ground rents are projected to increase by $23,541,000 or 194.17% due to the projected payment of the State’s contribution for Cornell. Furthermore, projections for Rivercross and Westview are based on current levels, however both projected ground rents are expected to increase.

Commercial rents are projected to decrease due to the cost for the joint marketing campaign between RIOC and Hudson Related Retail LLC.

Tramway revenues are projected to decrease by $233,000 or 4.08%, due to over‐projection of the revenues in the FY 17‐18 budget.

Public Safety revenues are projected to increase by $56,000 or 2.86% due to contractual escalations. Transport/parking revenues are projected to increase by $510,000 or 19.28%, mainly due to the addition of 15 additional parking meters on the Island.

Interest revenues are projected to increase by $35,000 or 33.02% due to gradual increases in interest rates.

Other Revenues is projected to decrease by $98,000 or 5.48%. Most of the decrease is due to the provision of free usage of the Sports Fields to meet the recreation needs of the community residents.

Also (Page 4-5):

Read more »

RIOC Board Meeting Today - Agenda Items Include Proposed Budget With $23.8 Million Payment From NY State For Cornell Tech Campus And New Roosevelt Island Affordable Rental Housing Units

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet today, September 7 at the Cultural Center (548 Main Street). Among the items on the Agenda are:

• Southtown Riverwalk Building 8 & 9 development agreement (published story yesterday on affordable housing component of agreement) and
• Presentation of Proposed FY 2018-19 Budget,

Image From RIOC

According to the RIOC Proposed Budget Fiscal Year 2018-19 Page 1:

RIOC’s Proposed Budget FY 2018‐19 projects revenues of $51,563,000 a increase of $23,594,000 or 84.36 % over the Approved Budget FY 2017‐18 amount of $27,969,000. 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 decrease by $534,000 or 26.47%. This is mainly due to two factors: (1) the rescheduling of the projected construction dates for Southtown Building 8 and 9 to January 2018 and May 2019; respectively, resulting in the deferral of Tax Equivalent Payments in the amount of $268,000 to the respective fiscal periods, and (2) the completion of the Island House Initial Sponsor Sales in FY 17‐18, resulting in the reduction of the projections for coop and condo sales transactions fees for FY 18‐19 in the amount of $221,000.

Ground rents are projected to increase by $23,851,000 or 196.73% due to the projected payment of the State’s contribution for Cornell. Furthermore, projections for Rivercross and Westview are based on current levels, however both projected ground rents are expected to increase.

Commercial rents are projected to increase because of escalations in the terms of the commercial leases.

Tramway revenues are projected to decrease by $233,000 or 4.08%, due to over‐projection of the revenues in the FY 17‐18 budget.

Public Safety revenues are projected to increase by $56,000 or 2.86% due to contractual escalations.

Transport/parking revenues are projected to increase by $510,000 or 19.28%, mainly due to the addition of 15 additional parking meters on the Island.

Interest revenues are projected to increase by $35,000 or 33.02% due to gradual increases in interest rates.

Other Revenues is projected to decrease by $98,000 or 5.48%. Most of the decrease is due to the provision of free usage of the Sports Fields to meet the recreation needs of the community residents...

and Pages 4-5:

... The Island is currently experiencing an economic boom in real estate with the projected construction of Southtown Building 8 and 9, the completion of phase 1 of the multi‐billion dollar Cornell campus site, and the evolution of the original residential complexes. These developments are the main drivers for the increased revenues and expenses mentioned above. 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 below.

Read more »

Roosevelt Island Blackwell House Renovation, Seawall Railings & New Red Buses On Agenda For June 21 RIOC Board Of Directors Meeting Tonight - Public Comment Session Prior To Start Of Board Meeting Too

The June 21 Roosevelt Island Operating Corp (RIOC) Board of Directors will take place starting 5:30 pm  tonight at the Cultural Center (548 Main Street).

 Image Of RIOC Board Of Directors Meeting

Prior to the start of the RIOC Board meeting, there will be a public comment period. Sign up here to speak at the meeting.

Among the items on the Agenda are:

• Blackwell House renovation,
• Seawall railing,
• 2 New Red Buses and
• 2016-17 Public Purpose Grant Extension

Below is the full Agenda:

AGENDA

JUNE 21, 2017 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. May 25, 2017 Board Meeting (Board Action Required)

IV. Old Business

New Business

1. Presentation of RIOC's Audited Financial Statements for Fiscal Year Ending March 31, 2017

2. Approval of Annual Report for Fiscal Year Ending March 31, 2017 (Board Action Required)

3. Approval of Report on Procurement Contracts for Fiscal Year Ending March 31, 2017 (Board Action Required)

4. Approval of Report on Investments for Fiscal Year Ending March 31, 2017 (Board Action Required)

5. Approval of Property Report for Fiscal Year Ending March 31, 2017 (Board Action Required)

6. Authorization to Enter into Contract with AFL Construction Co. Inc. for Blackwell House Interior and Ramp Way Renovations (Board Action Required)

7. Authorization to Amend the Contract with Elan Engineering, LLC for Seawall Railing Design and Consulting Services (Board Action Required – Materials to Follow)

8. Authorization to Enter into Contract with New Flyer Industries, Inc. for the Purchase of Two Diesel Buses (Board Action Required)

9. Authorization to Enter into Contract with Thomson Reuters for Access to On-Line Westlaw Legal Research Libraries (Board Action Required)

10. Approval of Extension of the FY 2016-17 Public Purpose Grants Period (Board Action Required)

11. President’s Report

12. Committee Reports

a. Audit Committee

b. Governance Committee

c. Operations Advisory Committee

d. Real Estate Development Advisory Committee

13. 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.

According to RIOC memo in support of the Blackwell House renovations Agenda Item:

In 2014, the Board authorized RIOC to extend the contract with consultants, Saratoga Associates (“SA”), to proceed with coordination and re-filing of project documents for the Blackwell House Interior Restoration Project. SA completed its pre-construction services and the construction documents were approved by the NYC DOB for a contractor to obtain the required permits.

This project is partly funded by the New York City Department of Cultural Affairs (DCA) through a grant to the Roosevelt Island Historical Society in the amount of $364,000.00. At the conclusion of negotiations, the DCA/RIOC contract was registered on October 24, 2016, thus paving the way for the construction works to commence.
The scope of work consists of: demolition of the interior of the building; installation of new partitions, ceilings, doors, staircase and repairs to flooring; installation of new mechanical, electrical and plumbing systems; installation of a new ADA access ramp; repairs to the deteriorated porches....

... RIOC hereby recommends that a contract be awarded to AFL
Construction Co. Inc. for the Blackwell House Interior Restoration and Access Ramp Project for the sum of $1,465,200.00, with a 25% contingency of $366,300.00. The total project cost is $1,831,500.00. The duration of this project is 270 calendar days....

According to the RIOC memo in support of Public Purpose Grant period extended:

... Extensions of the FY 16-17 PPF Grants are requested for the following three (3) grantees:

1. Main Street Theatre and Dance Alliance (“MSTDA”) – The grantee has completed its expenditures for scholarships, and some community programs for which PPF funds were requested. The grantee has requested an extension to hold some of the community programming over the summer of 2017, due to the scheduling needs of community organizations that will benefit from the programming. Therefore, an extension is requested to allow for this critical portion of MSTDA’s request to be performed during summer 2017, and for MSTDA to submit the corresponding documentation to RIOC.

2. PS/IS 217 Parent-Teacher Association (“PTA”) – The Salvadori Center has provided the programming for which PPF funds were requested. Some of the services performed by the provider took place during the school’s spring semester and the check to cover these funds was written after March 31, 2017. Therefore, an extension is requested so that the appropriate records may be submitted by PTA and accepted by RIOC.

3. Life Frames – Life Frames has completed the services for which the PPF funds were requested. However, a de minimis portion of the services (and corresponding expenses) were performed after the period of performance end of March 31, 2017. Therefore, an extension is requested so that the appropriate records may be submitted by Life Frames and accepted by RIOC.

The Public Purpose Grants are critical to programming and projects that benefit the community. Based on the foregoing, the extensions are requested through September 30, 2017, which should provide sufficient time for the remaining expenses to be incurred, submitted, and accepted.

Proposed Fiscal Year 2017-18 Budget On Agenda For Roosevelt Island Operating Corp (RIOC) Audit Committee Meeting Today - Projected Revenues Almost $28 Million, 7.6% Increase Over Previous Year

The Roosevelt Island Operating Corp (RIOC) Audit Committee is meeting later today.

Image From RIOC

According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Thursday, November 17, 2016 at 5:30 P.M. at the RIOC Administrative Office, 591 Main Street, Roosevelt Island, New York.

Agenda:

1. Discussion of the Proposed Budget FY 2017-18.

2. Any Other Committee Business That May be Brought Before the Committee

* * *

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

An audio web cast of the meeting will be available soon thereafter.

Revenue projections are as follows:

RIOC’s Proposed Budget FY 2017‐18 projects revenues of $27,969,000 and increase of $1,986,000 or 7.64% over the Approved Budget FY 2016‐17 amount of $25,983,000. 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 $792,000 or 64.65%. This is mainly due to the projected construction of Southtown Building 8 and initial sales of co‐op apartments from Island House.

There is an aggregate increase of $1,044,000 or 9.42% in ground rent primarily due to escalations as specified in relevant ground leases and the projected construction of Southtown Building 8, which is expected to commence in April 2017. Furthermore, projections for Rivercross and Westview are based on current levels, however both projected ground rents are expected to increase.

Commercial rents are projected to increase because of escalations in the terms of the commercial leases.

Tramway revenues are projected to decrease by $261,000 or 4.37%, due to over‐projection of the revenues in the FY 16‐17 budget.

Public Safety revenues are projected to increase by $70,000 or 3.71% due to contractual escalations.

Motorgate and metered parking revenues are projected to increase by $174,000 or 7.04%, mainly due to increased parking at Motorgate.

Interest revenues are projected to decrease by $57,000 or 34.97% due to the short‐term nature of investments and the current levels of interest rates.

Other Revenues is projected to increase by $209,000 or 13.23%. Most of the increase is due to Sportspark and field permit fees, commission on cellular telephone equipment, miscellaneous fees, and contributed rental income.

Click here for the full RIOC Proposed Fiscal Year 2017-18 Budget.

The Proposed Budget is expected to be approved during the December 8, 2016  RIOC Board meeting.

Roosevelt Island Operating Corp Board Of Directors Meeting Today - Presentation Of 2017-18 Proposed RIOC Budget & More On Agenda

The Roosevelt Island Operating Corp (RIOC) Board of Directors are meeting later today. According to RIOC:

PLEASE TAKE NOTICE that a Board of Directors meeting will be held on Thursday, September 8, 2016 at 5:30 p.m. at the Cultural Center Theater, 548 Main Street, Roosevelt Island, New York, for the purpose of transacting such business as shall come before the Board.
* * *
The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

AGENDA
SEPTEMBER 8, 2016 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 23, 2016 Board Meeting (Board Action Required)
IV. Old Business
V. New Business
1. Presentation of the Proposed Budget FY 2017-18
2. Authorization to Enter into Contract with EFPR Group, CPAS, PLLC for Independent Auditing Services (Board Action Required)
3. Authorization to Amend Contract with Attri Enterprises, Inc. for the Rehabilitation of Roosevelt Island Bus Garage/Warehouse (Board Action Required)
4. Authorization to Amend Contract with Hawkins Webb Jaeger, PLLC for Engineering Consulting Services (Board Action Required–Materials to Follow)
5. President’s Report
6. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee
7. 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.

RIOC Board Of Directors Meeting June 23 - Roosevelt Island Coler Hospital Flood Resiliency License Agreement, Leitner Poma Tram Contract Amendment, Youth Center Funds, 2016 Annual Report Approval & More On Agenda

 Image From NYC HHC November 9 Roosevelt Island Presentation

The Roosevelt Island Operating Corp (RIOC) Board of Directors will be meeting 5:30 PM Thursday, June 23. Below is the Agenda:

AGENDA

JUNE 23, 2016 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.

I. Call to Order

II. Roll Call

III. Approval of Minutes

1. April 14, 2016 Board Meeting (Board Action Required)

2. May 19, 2016 Special Board Meeting (Board Action Required)

IV. Old Business

V. New Business

1. Presentation of RIOC's Audited Financial Statements for Fiscal Year 2015-16

2. Approval of Annual Report for Fiscal Year Ending March 31, 2016 (Board Action Required)

3. Approval of Report on Procurement Contracts for Fiscal Year Ending March 31, 2016

(Board Action Required)

4. Approval of Report on Investments for Fiscal Year Ending March 31, 2016

(Board Action Required)

5. Approval of Property Report for Fiscal Year Ending March 31, 2016 (Board Action Required)

6. Ratification of Contract with Hawkins Webb Jaeger, PLLC for Engineering Consulting

Services (Board Action Required)

7. Authorization to Amend Contract with Attri Enterprises, Inc. for the Rehabilitation of

Roosevelt Island Bus Garage/Warehouse (Board Action Required)

8. Authorization to Enter into Contract with New Flyer Industries, Inc. for the Purchase of Two

Xcelsior D40LF Diesel Buses (Board Action Required)

9. Ratification of Amendment of Contract with Leitner-Poma of America O&M, Inc. for

Operation and Maintenance of the Roosevelt Island Aerial Tramway

10. Ratification of Expenditure of Funds for Roosevelt Island Youth Center

for Fiscal Year 2016-17 (Board Action Required)

11. Authorization to Enter into License Agreement with New York City Health and Hospitals

Corporation for Resiliency Work Adjacent to Coler Hospital (Board Action Required-

Materials to Follow)

12. President’s Report

13. Committee Reports

a. Audit Committee

b. Governance Committee

c. Operations Advisory Committee

d. Real Estate Development Advisory Committee

VI. Adjournment

Roosevelt Island Operating Corp Board Of Directors Meeting December 3 - RIRA Public Purpose Funds Recommendations Not On Agenda, RIOC Proposed 2016 - 17 Budget And RIYP Expenditures Among Items On Agenda

  Image From RIOC

The Roosevelt Island Operating Corp (RIOC) Board of Directors will be meeting tomorrow, December 3 (Web cast will be available here). Among the items on the Agenda are:

1. Approval of the Proposed RIOC Budget for Fiscal Year 2016-17 (Board Action Required)

and:

3. Authorization of Expenditure of Funds for Roosevelt Island Youth Center (Board Action Required)

What was expected to be on the December 3 RIOC Board Agenda for discussion and approval was the Roosevelt Island Residents Association (RIRA) recommendations for allocating $100 Thousand in RIOC Public Purpose Funds (PPF) to local Roosevelt Island organizations. As of 1 PM today, the RIRA PPF recommendations are not yet on the RIOC Board Agenda for tomorrow's meeting.

The RIRA 2015 Public Purpose Funds recommendations are as follows.

• PS/IS 217 Parent Teachers Association (PTA) - Amount Requested: $32,000 Amount Recommended: $17,000
• Roosevelt Island Visual Arts Association (RIVAA) - Amount Requested: $42,000 Amount Recommended: $9,300 
• Life Frames, Inc. - Amount Requested: $19,900 Amount Recommended: $5,000
• Roosevelt Island Historical Society (RIHS) - Amount Requested: $24,700 Amount Recommended: $8,00
• Roosevelt Island Senior Association (RISA) - Amount Requested: $20,000 Amount Recommended: $15,000
• Island Kids - Amount Requested: $20,000 Amount Recommended: $7,000 
• Roosevelt Island Disabled Association (RIDA) - Amount Requested: $11,400 Amount Recommended: $11,000
• Youth Center‐IDig2Learn - Amount Requested: $15,000 Amount Recommended: $9,000 
• Main Street Theater and Dance Alliance - Amount Requested: $35,000 Amount Recommended: $18,700

The Island Kids Board of Directors sent the following letter to the RIOC Board of Directors asking for a larger Public Purpose Funds allocation than was recommended by RIRA:

Dear Members of the RIOC Board of Directors,

We are writing to express our extreme disappointment regarding the Public Purpose Fund application process. We believe that RIRA’s recommended allocation for Island Kids was unfairly reduced, due to misinformation and lack of communication.

We feel the need to point out the following regarding RIOC’s fiscal year and the dissemination of funds. Despite repeated requests for clarification, we never received a definitive answer as to which Fiscal Year we were applying, from either RIOC or RIRA’s PPF Committee. However, at the Special Meeting on Nov. 11th, PPF Committee Chair Dave Evans explained that a determining factor that negatively affected our request was that it was for “reimbursement funds” for our 2015 Summer Camp season. Had the PPF process proceeded as it has in all other years, the allocation would have been made earlier in the year, (and spent over the summer). If we are indeed working within RIOC’s current fiscal year, which runs from April 1st to March 31st, won’t all payments to Public Purpose recipients be retroactive? This would be a contradiction to the concern expressed by the RIRA Public Purpose committee. Similarly, if the $7,000 we did receive is intended for next Summer’s Camp Scholarship Fund, we are precluded from applying for FY2016 - the only applying Organization facing such restriction.

We’d like to share with you specifically how our Public Purpose Fund allocation is put to use, and shed some light on why we requested $20,000.

Island Kids runs a high-quality Summer Camp for children ages 4 - 10. We strive to keep our Camp as affordable as possible ($325 per week, compared to $600 - $800 for comparable “affordable”, non-Government funded camps in Manhattan). 100% of any Public Purpose Funding that we request goes to provide scholarships to families unable to otherwise afford the camp. When, earlier this year, it looked like Public Purpose Funding would be entirely taken away, our Board made the difficult decision to fund $10,000 in scholarships for the Summer Camp from our very scarce Operating reserve – a surplus we had for the first time in our history. This prevented us from taking on other improvement projects and supply purchases, and left us financially vulnerable should an emergency expenditure arise. In the end, we managed to provide scholarships to every qualifying RI family that applied for one.

We hoped that if PP Funding was reinstated, we could offset this expense ($10,000), as well as secure the same amount of funding ($10,000) for next Summer - thus the $20,000 request. The $7,000 Allocation that RIRA recommends not only leaves us at a deficit for this current fiscal year, but severely hampers our ability to offer Scholarships for next summer. Unlike last summer, without more funds, we will surely have to turn down scholarship applicants.

Island Kids has worked hard over the last several years to develop programming to ensure our financial stability. In addition, thanks to an in-kind grant from the Lawyer’s Alliance, we’ve taken measures to ensure that we are fully compliant with all applicable laws governing Non Profit Organizations. It would seem that a grant making organization would recognize these efforts. Instead, this year RIRA is recommended a $3,000 cut in our funds from the last grant cycle, the lowest amount Island Kids has ever received through Public Purpose funds.

Island Kids respectfully asks RIOC to consider our original award application and amount during your final award deliberations.

Sincerely,

Island Kids Inc. Board of Directors

During the November 11 RIRA meeting, PPF Chair Dave Evans and committee member Erin Feely-Nahem explained their rationale for the Island Kids recommendations saying that PPF funds could not be used for reimbursement of prior spending requested by Island Kids.



Here's video of Island Kids and all the other Public Purpose Funds applicants to RIRA PPF committee.

The proposed RIOC 2016-17 Budget is on the Agenda. (More on the budget here)

Also on the December 3 RIOC Board Agenda is distribution of funds to the Roosevelt Island Youth Program (RIYP).  According to this November 20 memo from RIOC Staff to RIOC President Charlene Indelicato and the RIOC Directors in support of expenditure of funds for RIYP:

As you are aware, included in the Board approved FY 15-16 (April 1, 2015 – March 31, 2016) Budget is a $175,000 disbursement for the Roosevelt Island Youth Center (“Youth Center”) — currently being operated by the Roosevelt Island Youth Program (“RIYP”). The Youth Center through RIYP offers programs vital to the Island and its youth, consistent with the General Development Plan and RIOC’s Mission Statement.

Programs provided by RIYP include a summer day camp, fitness activities, computer lab access and music instruction. RIYP also manages extensive after school activities, an organized sports curriculum and other recreational programs as part of the PS/IS 217 Beacon Program, for which it receives NYC funding.

At its meeting of April 16, 2015 the Board of Directors approved the authorization to disburse a pro-rated amount of $131,250 of the budgeted $175,000 in order to ensure continuity of the programs while a Request for Proposals (“RFP”) was drafted and advertised. The RFP is now expected to be ready during the winter months, but at issue is the continuity of programming. It is my understanding that RIYP and other similarly situated programs are subject to new City requirements for Beacon Program funding, which has led to delays in the receipt of such funds with concomitant impacts to RIYP’s cash flow. This matter was discussed at the November 17, 2015 meeting of the Real Estate Development Advisory Committee and recommended to go before the Board for action.

Therefore, in order to ensure the continued operations of the Youth Center until the RFP is advertised and an operating agreement is let, we recommend the approval to disburse the remaining $43,750 out of the initial $175,000 budget for the Roosevelt Island Youth Program.

The RIOC Real Estate Advisory Committee discussion of RIYP expenditures discussed here.

Below is the December 3 RIOC Board of Directors meeting Agenda.

PLEASE TAKE NOTICE that a Board of Directors meeting will be held on Thursday, December 3, 2015 at 5:30 p.m. at the Cultural Center Theater, 548 Main Street, Roosevelt Island, New York, for the purpose of transacting such business as shall come before the Board.
*

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

AGENDA

DECEMBER 3, 2015 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. October 22, 2015 Board Meeting (Board Action Required)

IV. Old Business

V. New Business

1. Approval of the Proposed RIOC Budget for Fiscal Year 2016-17 (Board Action Required)

2. Schedule of 2016 Meetings of the Roosevelt Island Operating Corporation Board of Directors (Board Action Required)

3. Authorization of Expenditure of Funds for Roosevelt Island Youth Center (Board Action Required)

4. Authorization to Enter into Contract with Blackbaud, Inc. for Financial Accounting Software Support & Maintenance Services (Board Action Required)

5. Authorization to Enter into Contract with ENVAC for On-Call AVAC Repair Services (Board Action Required)

6. Authorization to Amend the Contract with United Metro Energy Corp. for the Purchase of #2 Heating Oil (Board Action Required)

7. Authorization to Enter into Contract with Corporate Loss Prevention Association for Cultural Center Security and Building Manager (Board Action Required)

8. Authorization to Amend the License and Operating Agreement with the Main Street Theatre & Dance Alliance (MST&DA) (Board Action Required)

9. Authorization to Amend the License Agreement with the Roosevelt Island Garden Club, LTD (RIGC) (Board Action Required)

10. Authorization to Enter into Contract with Sprague Operating Resources LLC for the Purchase of Gasoline (Board Action Required)

11. President’s Report

12. Committee Reports

a. Audit Committee

b. Governance Committee

c. Operations Advisory Committee

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

UPDATE 10:15 PM - The Roosevelt Island Residents Association Common Council met this evening and discussed issue of Public Purpose Funds not being on the RIOC Board meeting agenda for tomorrow.



UPDATE 12/3 8 PM - The RIRA Public Purpose Funds recommendations was a last minute late afternoon addition to today's RIOC Board Agenda.

The RIRA Public Purpose Funds recommendations were approved with no changes by the RIOC Board today.

It was also announced that Governor Cuomo signed the Roosevelt Island Public Purpose Funds legislation today allowing RIOC to allocate grants to Roosevelt Island non profit organizations.

Stay tuned for more on subject.

UPDATE 12/4 - Here's video of RIOC Board approving the RIRA Public Purpose Funds recommendations.



and RIOC President Charlene Indelicato congratulating RIRA and its Public Purpose Funds Committee Chair Dave Evans for a difficult job well done.



Roosevelt Island's NY State Assembly Member Rebecca Seawright said of Governor Cuomo signing the legislation allowing RIOC to distribute Public Purpose Fund grants:

The true beneficiaries of our persistence and dedication are the residents of Roosevelt Island. We thank all of the parties involved in successfully helping to assure that our legislation crossed the goal line.

Roosevelt Island's NY State Senator Jose Serrano added:

I'm happy to learn that Governor Cuomo has signed my Roosevelt Island bill (S5813) into law. This law will authorize the Roosevelt Island Operating Corporation (RIOC) to continue providing much-needed grants to not-for-profit organizations that provide vital services to the Roosevelt Island community. It's a pleasure to have worked with my colleague Assemblywoman Rebecca Seawright on this important legislation, and I'd like to thank her for her leadership. I'd also like to express my gratitude to Governor Cuomo for his support on this and many other critical issues.

RIOC Audit Committee To Discuss Proposed Fiscal Year 2016-17 Budget Tuesday November 3 - Plans Spending Over $30 Million On Roosevelt Island Capital Infrastructure Improvements And Repairs

Image From RIOC

The Roosevelt Island Operating Corp (RIOC) Audit Committee is meeting tomorrow. According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Tuesday, November 3, 2015 at 5:30 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

Agenda:


Discussion of the Proposed Budget for Fiscal Year 2016 – 2017
Any Other Committee Business That May be Brought Before the Committee

***

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

An audio web cast of the meeting will be available soon thereafter.

A copy of the Proposed RIOC Budget for Fiscal Year 2016-17 is here.

According to Pages 1-2 of the Proposed 2016-17 RIOC Budget:

RIOC’s Proposed Budget FY 2016‐17 projects revenues of $25,983,000, an increase of $618,000 or 2.44% over the Approved Budget FY 2015‐16 amount of $25,365,000. 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 ground rents, residential fees, 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 additional revenues ("Other Revenues"). Other Revenues mostly consist of FEMA reimbursements and permitting fees collected for activities that take place in the Sportspark sports facility, as well as permitting fees collected for outdoor field activities.

There is an aggregate increase of $336,000 in ground rent primarily due to escalations as specified in relevant ground leases. In addition, RIOC projects that the construction of Southtown Building 8, which is expected to commence not later than 2017, will result in ground rent of $598,000, which is budgeted for FY 2017‐18 in the 10‐year revenue forecast. Furthermore, projections for Rivercross and Westview are based on current level, however both projected ground rents are expected to increase.

Residential fees are projected to decrease by $96,000. This is mainly due to a projected decrease in transactions fees from Southtown Buildings condo sales as a result of reduced turnover.

Tramway revenues are projected to increase at approximately 3% or by $183,000, due to increased activities on the Island, primarily as a result of the Southtown 7 and Cornell developments; and increased visitorship to the Four Freedom State Park (“FFSP”).

Motorgate and metered parking revenues are projected to increase because of an increase in parking rates. And, commercial rents are projected to increase because of escalations in the terms of the commercial leases.

Other Revenues is projected to decrease by $36,000. Most of the decrease is due to $175,000 in FEMA reimbursements, projected to be paid in FY 2015‐16. Except for the decrease of FEMA reimbursements, other components of Other Revenues, which consist of Sportspark and field permit fees, commission on cellular telephone equipment, and miscellaneous fees, are projected to increase by $139,000.

Expenses

Personal Expenses

RIOC’s Proposed Budget FY 2016‐17 projects personal expenses of $11,105,628, an increase of $481,916 or 4.54% over the Approved Budget FY 2015‐16 amount of $10,623,712. The projected increase is due to proposed additional staffing to support elevated capital and operating activity, as well as salary increases in accordance with New York State’s Division of Budget allowance. The projected increase in personal expense is necessary for RIOC to fulfill its statutory mission to “plan, design, develop, operate, maintain and manage” Roosevelt Island.

The Island is currently experiencing an economic boom in real estate with the development of Southtown Building 7, as well as the development of the multi‐billion dollar Cornell campus site. These developments are the main drivers for the increased revenues and expenses mentioned above. 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 and projects to spend $30,186,000 on capital projects in the FY 16‐ 17...

Click here for the full RIOC 2016-17 Proposed Budget.

RIOC Audit Committee Meeting Today, Operations Advisory Committee September 8 - Roosevelt Island 2016/17 Proposed Budget, Current Projects, Infrastructure And Cell Antennas On Agenda

Image From RIOC 2015/16 Approved Budget

The Roosevelt Island Operating Corp (RIOC) Audit Committee is meeting today. According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Thursday, September 3, 2015 at 5:00 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

Agenda:

Review of the Proposed Budget for Fiscal Year 2016 – 2017
Any Other Committee Business That May be Brought Before the Committee

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

RIOC's Operations Advisory Committee is meeting Tuesday, September 8. According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Operations Advisory Committee of the RIOC Board of Directors will be held on Tuesday, September 8, 2015 at 5:30 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

AGENDA:

Review of Current Projects
Discussion of Core Infrastructure on Roosevelt Island – Power, Gas, Telecom, Water
Discussion of the Cell Antenna License Amendment with Verizon Wireless
Discussion of the Cell Antenna License Amendment with Sprint
Any Other Committee Business That May be Brought Before the Committee

***

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

Audio web casts of the meetings will be available soon thereafter.

Roosevelt Island Board Of Directors Meeting Today - RIOC Annual Report, Tram Station Platform & Roof Repair, Everbridge Community Notification System & More On Agenda

Image From RIOC 2015 Annual Report

The Roosevelt Island Operating Corp (RIOC) Board Of Directors will be meeting later this afternoon. According to RIOC:

PLEASE TAKE NOTICE that a Board of Directors meeting will be held on Thursday, June 25, 2015 at 5:30 p.m. at the Cultural Center Theater, 548 Main Street, Roosevelt Island, New York, for the purpose of transacting such business as shall come before the Board.
*

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

AGENDA

JUNE 25, 2015 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. May 21, 2015 Board Meeting (Board Action Required)

IV. Old Business

V. New Business

1. Presentation of RIOC's Audited Financial Statements for Fiscal Year 2014-15 (Materials to Follow)

2. Approval of Report on Procurement Contracts for Fiscal Year Ending March 31, 2015 (Board Action Required)

3. Approval of Report on Investments for Fiscal Year Ending March 31, 2015 (Board Action Required – Materials to Follow)

4. Approval of Property Report for Fiscal Year Ending March 31, 2015 (Board Action Required)

5. Approval of Annual Report for Fiscal Year Ending March 31, 2015 (Board Action Required – Materials to Follow)

6. Ratification of Service Agreement with Automatic Data Processing (ADP) for Payroll Processing Systems (Board Action Required)

7. Authorization to Amend Contract with Attri Enterprises, Inc. for the Rehabilitation of Roosevelt Island Bus Garage/Warehouse (Board Action Required)

8. Authorization to Amend Contract with Wank Adams Slavin Associates, LLP for Tram Station Platform Repair Design (Board Action Required)

9. Authorization to Enter into Contract with Active Fire Control, Inc. for Fire Extinguishers Maintenance (Board Action Required)

10. Authorization to Enter into Design-Build Contract with Safe Tech USA, LTD for Good Shepherd Community Center Fire Alarm Project (Board Action Required)

11. Authorization to Enter into Contract with R J Green Construction Corp. for Roosevelt Island Tram Station Roof Rehabilitation and Staircase Roofing Project (Board Action Required)

12. Authorization to Enter into Contract with Everbridge, Inc. for Public Notification System (Board Action Required)

13. Ratification of Contract with SimplexGrinnell for Fire Alarm System Maintenance Services at Sportspark (Board Action Required)

14. President’s Report

15. Committee Reports

a. Audit Committee

b. Governance Committee

c. Operations Advisory Committee

d. Real Estate Development Advisory Committee

16. Public Safety Report

VI. Adjournment

According to RIOC's Annual Report for the Fiscal Year ending March 31 2015 (Page 1):

Background

The Roosevelt Island Operating Corporation of the State of New York ("RIOC") is a public benefit corporation and a political subdivision of the State of New York. RIOC was created by the New York State legislature, in 1984, to take responsibility, pursuant to a General Development Plan (“GDP”), for the development and operation of the 147 acres comprising the former Welfare Island, located in New York City's East River. RIOC assumed the role of the New York State Urban Development Corporation as lessee under a 99-year Master Lease (running until 2068) from the City of New York.

The GDP, which has been amended from time to time, provides for the development of housing, shops and community facilities for a mixed income, handicap accessible, residential neighborhood. As an island community, Roosevelt Island requires specialized operations and capital infrastructure maintenance such as an Aerial Tramway, a comprehensive garbage compacting system, and seawall improvements. RIOC supplements the very basic services provided by the City of New York, and provides specialized operations and capital improvements.

Pursuant to its enabling legislation, the RIOC Board of Directors is composed of nine members including the Commissioner of the New York State Division of Housing and Community Renewal, who serves as the chair; the New York State Director of the Budget; and seven public members nominated by the Governor of the State of New York with the advice and consent of the New York State Senate. Of the seven public members, two members are recommended by the Mayor of New York City, and five members must be residents.

I. Mission Statement

Created by the State of New York as a public benefit corporation, it is the mission of the RIOC to plan, design, develop, operate, maintain and manage Roosevelt Island.

Public Benefit

The Corporation is a political subdivision of the State of New York and additional stakeholders include the City of New York, residents, students, developers and commercial operators, workers and visitors to Roosevelt Island (the “Island”). The Corporation’s stakeholders benefit from the development and preservation of properties and open spaces, as well as sharing in the economic growth of the Roosevelt Island community.

RIOC accomplishes its mission by practicing the following core values, which were adopted December 14, 2011:

Service

We are committed to providing services that enhance the Island’s mixed-use residential community, including public transportation, public safety, public works and parks and recreation.

Preservation
The Corporation promotes the preservation, enhancement, and sustainable use of the Island’s historical landmarks and other structures and open spaces.

Environmental Responsibility
All new development, as well as maintenance of parks, public spaces, and other property under the Corporation’s stewardship strives to employ the latest, cost-effective, high-performance environmental designs and techniques available.

Public Safety
We are committed to protecting and serving the community by providing a safe and secure environment and enforcing local, State and Federal laws.

Communication and Transparency
We are committed to effectively communicating with our stakeholders and undertake to be open, honest and accountable in our relationships with everyone we work with and with each other.

Fiscal Responsibility
We are committed to managing the Corporation’s resources with fiscal responsibility and efficiency through a single comprehensive process that is aligned with the Corporation’s strategic plan, without reliance on State subsidies.

Innovation
We thrive on creativity and ingenuity and strive to employ new, unique and innovative solutions to accomplish our mission.

Partnerships
We strive to develop strategic partnerships with commercial enterprises, nonprofit organizations and institutions in the public and private sectors to meet the needs of our stakeholders and carry out our mission.

Governance
The Corporation ensures good governance through compliance with its enabling legislation, corporate By-laws, General Development Plan, contractual obligations and all applicable Federal, State, and local laws....

And (Page 8):

RIOC’s total operating revenues for the fiscal year ending March 31, 2015 were $39,210,639. For the fiscal year ending March 31, 2015, operating revenues increased by $15,615,190 or 66.18% over the last fiscal year. This was mainly due to an increase in Residential Fee revenue of $15,309,289 or 1452%, which includes transaction fees primarily from the refinancing of the existing mortgage of Manhattan Park in the amount of $12,600,000, and the assignment of the Eastwood lease to BSREP UA Roosevelt Landing LLC, in the amount of $2,737,658. In addition, other revenues increased by $437,112 or 40% mainly due to an increase in other permit fees including newly initiated construction permit fees of $64,311; T-Mobile Antenna License Fees of $45,497; and eligible FEMA reimbursements of $331,832. The transportation/parking revenue, which is comprised of street parking and Motorgate revenues as well as bus revenues and contractual payments from the Octagon, decreased by $137,895 or 6% in the aggregate. The aggregate decrease in transportation/parking revenue is due to: (1) revenue increases for both street parking of $112,258 or 80.77% and Motorgate of $90,795 or 4.85% due to respective rate increases; (2) an increase of $2,271 or 2% for Octagon bus payments; and (3) a decline of $343,218 or 99.48% due to the elimination of bus fares for on island transportation. The decline in transportation/parking revenue was offset by a decrease in transportation costs in connection with the bus operation of $102,795 or 6.55%. As a result, the net decrease only amounts to $35,500 or 1.4%. Also, declining interest rates led to a decline in interest income of $20,064 or 12.71% as a result of the low-interest rate bearing short-term nature of RIOC’s investments in accordance with the State’s investment guidelines.

RIOC’s total operating expenses for the fiscal year ending March 31, 2015 were $23,295,944 and $22,791,367 for the last fiscal year ending March 31, 2014, including depreciation of $3,518,632 and $3,498,737, respectively. For fiscal year ending March 31, 2015, total operating expenses before depreciation increased by $484,682 or 3% over the last fiscal year, which is due primarily to increases in insurance by $147,129, repairs and maintenance by $129,185, and supplies/services by $183,306. Personal services increased by $798,517 or 8% due mainly to the filling of vacant positions and increases in benefits primarily health and workers compensation insurance. Professional and legal services decreased by $829,468 or 59% due mainly to: (a) the replacement of consulting services for the engineering and public safety departments with full time personnel: and (b) a one-time contractual payment of $410,390 for real estate services in connection with the lease closing of Southtown building #7, which was recorded in FY 2013-14.

Image From RIOC 2015 Annual Report Page 9

Click here for the full 2015 RIOC Annual Report

Roosevelt Island 2015-16 Fiscal Year Budget And Public Purpose Funds Procedures Among Items On Agenda For RIOC Board Of Directors Meeting Tomorrow

The Roosevelt Island Operating Corp (RIOC) Board of Directors will be meeting tomorrow. Among the items on the Agenda are approval of the RIOC Budget for Fiscal Year 2015-16 and amending the Public Purpose Funds procedures.

More information on the RIOC Budget, including significant spending increases for infrastructure improvements at this previous post.

As previously reported:

... Question have been raised recently whether RIRA will continue with its role of making Roosevelt Island Public Purpose Funds recommendations to RIOC....

The RIOC Governance Committee discussed the issue of Public Purpose Funds procedures during December 3 meeting (full audio web cast of the meeting is here).

The RIOC staff proposed during the Governance Committee meeting to lessen the role of the Roosevelt Island Residents Association (RIRA) in the Public Purpose Funds process with RIOC Staff taking the lead.

After much discussion and input from the RIOC Board Directors, particularly Margie Smith and David Kraut, agreement was reached for RIRA to continue vetting applicant organizations and making recommendations to the RIOC Board for funding allocations as long as RIRA does not participate in receiving Public Purpose Funds. RIOC continues to have the final determination as to the ultimate allocation of Public Purpose Funds but full details of the process were still to be set forth by RIOC staff.

Here's video of the Governance Committee discussion on Public Purpose Funds procedures (first 2 minutes are missing from the video but can be heard at the audio web cast).

Part 1 - RIOC Staff discusses plan to lessen role of RIRA in Public Purpose Funds.



Part 2 - RIOC Directors ask staff to find a way to keep RIRA involved in vetting organizations for Public Purpose Funds. However, RIOC Director David Kraut raised the issue of what he believes is abusive language and insults directed at RIOC by certain RIRA members as being a possible future obstacle to working with RIRA (at 8 minute 50 second mark of video).



Part 3 - RIRA representatives agree to conditions set by RIOC for continuing role in Public Purpose Funds process including not receiving Public Purpose Funds. Also RIRA's Aaron Hamburger replied to Director David Kraut that RIRA was not responsible for criticisms leveled at RIOC by another resident (at 4 minute 50 second mark). Although his name was not mentioned, it was understood that Frank Farance was the person being referenced as being critical of RIOC.



Part 4 - Additional question were asked but details still need to be worked out.



The RIRA Common Council met later that evening. RIRA's Public Purpose Committee Chair Dave Evans briefed the Common Council on the RIOC Governance Committee Public Purpose Funds Procedure meeting.

Mr. Evans told the RIRA Common Council:



Here's the full Agenda for tomorrow's RIOC Board meeting.

AGENDA
DECEMBER 11, 2014 MEETING OF
THE ROOSEVELT ISLAND OPERATING CORPORATION BOARD OF DIRECTORS
THE MANHATTAN PARK COMMUNITY CENTER,
8 RIVER ROAD, ROOSEVELT ISLAND, NEW YORK
5:30 P.M.[1]
I. Call to Order
II. Roll Call
III. Approval of Minutes
1. November 6, 2014 Board Meeting (Board Action Required)
IV. Old Business
V. New Business
1. Approval of the Proposed RIOC Budget for Fiscal Year 2015-16 (Board Action Required)
2. Schedule of 2015 Meetings of the Roosevelt Island Operating Corporation Board of Directors (Board Action Required)
3. Authorization to Amend Public Purpose Funds Procedures (Board Action Required)
4. Authorization to Enter into Contract with Architectural & Engineering Group for Sportspark Repairs Design (Board Action Required)
5. Authorization to Enter into Contract with Shawn Construction, Inc. for Helix Ramp Repairs (Board Action Required)
6. Authorization to Enter into Contract with Wank Adams Slavin Associates, LLP for Manhattan Tram Station Elevators Design (Board Action Required)
7. Ratification of Amendment of Contract with Steve DiSisto General Contractors, Inc. for Resetting of Z-Brick Pavers (Board Action Required)
8. Authorization to Enter into Contract with Sprague Operating Resources LLC for the Purchase of Biodiesel Fuel (Board Action Required)
9. President’s Report
10. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee
11. 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.

Future RIOC Public Purpose Funds Process And 2015-16 Budget Subject Of Roosevelt Island Operating Corp Governance And Audit Committee Meetings December 3

Pile Of Money Image From Passive Income Genius

As reported last October 29:

Since at least 2008, the Roosevelt Island Residents Association (RIRA) has been tasked by the Roosevelt Island Operating Corp (RIOC) to evaluate applications and make recommendations to RIOC for the allocation of approximately $100 Thousand annually in Public Purpose Funds to Roosevelt Island non-profit organizations....

and:

... Question have been raised recently whether RIRA will continue with its role of making Roosevelt Island Public Purpose Funds recommendations to RIOC....

At that time, RIOC President Charlene Indelicato replied to my question about the future role of RIRA in the Public Purpose Funds process noting:

We have not finalized the method of distribution as yet but be assured it will be in accordance with all applicable laws, rules and regulations.

We may learn more about the future process for distribution of Roosevelt Island Public Purpose Fund later this week.

According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Governance Committee of the RIOC Board of Directors will be held on Wednesday, December 3, 2014 at 5:30 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

AGENDA

Discussion of Public Purpose Funds Approval Process

Any Other Committee Business That May be Brought Before the Committee

***

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

More on Roosevelt Island Public Purpose Funding process from previous post.

During October 22 RIOC Audit Committee meeting (full audio web cast here) Ms. Indelicato and RIOC CFO Frances Walton acknowledged that Public Purpose funding was included in the upcoming 2015-16 RIOC Budget.



Also, the RIOC Board Of Directors Audit Committee will be meeting this week. According to RIOC:

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Wednesday, December 3, 2014 at 4:00 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

Agenda:

Discussion of the Proposed Budget for Fiscal Year 2015 – 2016
Any Other Committee Business That May be Brought Before the Committee

***

The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.

As reported last November 6:

According to RIOC's Proposed Budget (Page 1)

Revenues

RIOC Proposed Budget FY 2015‐16 projects revenues of $25,365,000, an increase of $2,225,000 or 9.62% over the Approved Budget FY 2014‐15 amount of $23,140,000. RIOC generates most of its revenues from long‐term ground leases to developers of housing projects on the Island....

More information on the RIOC Proposed 2015-16 Proposed Budget from previous post and from the full RIOC Draft Budget.

Audio web casts of the Governance and Audit Committee meetings will be available soon thereafter.