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.

Roosevelt Island Operating Corp Board Of Directors Meeting Tuesday December 29 - Approval Of RIOC 2021-22 Budget, Authorization To Place Bike Ramp Within Motorgate Helix And Riverwalk 8 Developer $1 Million Payment For Firefighters Field Bathrooms To Be Used Instead For Other RIOC Projects

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Tuesday, December 29 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 submit your remarks. 

The meeting was postponed from December 17.

Among the meeting Agenda Items are:

• 1- Approval of the Proposed RIOC Budget for Fiscal Year 2021-22 (Board Action Required)...
• 3. Authorization to Approve Amendment of Lease with Riverwalk 8 Housing Development Fund Corporation and Riverwalk 8, LLC for Southtown Building #8 (Board Action Required)
• 4. Authorization to Place the Bike Ramp within the Helix Ramp (Board Action Required)

According to the Proposed RIOC 2021-22 Budget (Pages 1-2):

... The Proposed Budget FY 2021‐22 projects capital improvements in the amount of $11,910,000, a decrease of $27,882,000 over the Approved Budget FY 2020‐21 amount of $39,791,000....

Also:

...  RIOC’s Proposed Budget FY 2021‐22 projects revenues of $32,809,000, a decrease of $2,766,000 or 7.78% over the Approved Budget FY 2020‐21 amount of $35,575,000....

.... Commercial rents are projected to increase by $46,000 or 2.78% due to contractual escalations. 

Tramway revenues are projected to remain at same level as the Approved Budget FY 2020‐21.... 

... For grant and community support, the Proposed Budget FY 2021‐22 includes an extraordinary expense of $1,340,110, an increase of $172,519 over the Approved Budget FY 2020‐21 amount of $1,167,591. This is mainly due to increased costs for community service and the allocation of youth center personnel cost to support such service....

RIOC attributes most of the decrease in capital improvement spending to the completion of various projects, rescheduling of Sportspark renovation to fiscal year 2022-23 and the postponement of work on Dayspring Church and Motorgate Plaza/Atrium (RIOC Budget Page 1). Not sure what work on Dayspring Church was scheduled since it is now The Sanctuary, a private Events Space/future restaurant.

The proposed budget does not address impact of Coronavirus Pandemic on commercial rent and Tramway revenue.

Another item on RIOC Board Agenda for tomorrow is an Amendment to Riverwalk Building 8 Ground Lease which releases the developer, Hudson Related (Tenant), from constructing a Comfort Station at Firefighters Field and:

... instead have Tenant pay RIOC the sum of $1,000,000 in full satisfaction of its obligation under the Building 8 Lease with respect to the Comfort Station Work, so that RIOC will have those funds available for other construction projects on Roosevelt Island.

More details below.


Also on the Agenda for tomorrow's RIOC Board meeting is authorization to place a bike ramp 

                                                                                                   Image From RIOC

within the Motorgate Helix as shown below.

Image From RIOC

 According to the RIOC 2021-22 Proposed Budget (Page 2):

... projected receipt of a grant for TAP Funds for the bike ramp in the amount of $2,964,000 being delayed to FY’s 23 & 24....

More details on the bike ramp below.

 Full December 29 RIOC Board Agenda is below.

UPDATE 12/29:

Reaction from Roosevelt Island Historical Society President Judy Berdy and Roosevelt Island Residents Association President Rossana Ceruzzi. 

From Ms Berdy, deliberately all in CAPS:

YOU ARE HOISTING FRAUD ON THE ISLAND AGAIN. MEETINGS WITH NO PUBLIC INPUT ARE A SHAM 

TEARING DOWN OUR CHERRY TREES TO BUILD A BIKE RAMP IS A JOKE. WE HAVE SEEN BIKERS DO NOT GIVE A DARN ABOUT SAFETY AND WILL STILL GO DOWN THE HELIX!! 

WE GET A FEW DOZEN BIKERS ON A WEEKEND. THERE IS NO GROUNDSWELL OF BIKE RIDERS HERE. 

LOOSING ANOTHER GREEN AREA IS SHOWING THE CONSTANT REMOVAL OF GREEN FOR CEMENT AND UN-NECESSARY PROJECTS.. 

WE HAVE NOT SEEN ANY RENDERING OF PLANS IN A YEAR, PRINCE SHAH...WHERE ARE THE PLANS IN A PUBLCI PLACE? 

WE DEPERATELY NEED BATHROOMS AT FIREFIGHTERS FIELD. THE ONE BATHROOM AT THE TRAM CANNOT SERVICE THE DOZENS OF TOURIST AND ATLETES WHO NEED TO RELIEVE THEMSELVES. I ASSUME RIOC'S RESPONSE IS TO USE THE TREES AS TOILETS. 

THIS PANDEMIC HAS LEAD TO AN EPIDEMIC OF BAD DECISIONS BY RIOC. OUR PUBLIC SAFETY LEADERSHIP IS M.I.A. 

WE HAVE NEW, INEXPERIENCED OFFICERS, WHO KNOW LITTLE OF THE ISLAND AND HAVE NOT BEEN TAUGHT HOW TO DEAL WITH THE PUBLIC. THEY ARE BODIES, BUT NO SOUL FOR THE JOBS......ROBO-OFFICERS. WHERE IS TRAINING AND INTERPERSONAL INSTRUCTION KEVIN? 

SHELTON- TIME TO BE OPEN AND HAVE PUBLIC COMMENTS AT THE FAUX-MEETINGS. TIME TO TAKE OFF YOUR MASKS AND BE OPEN AND PUBLIC.

From Ms Ceruzzi:

This is an open statement expressing opposition to the “Bike ramp” as listed in the 12/29/20 RIOC Board of Directors Agenda under “New Business”.

While it is always important to treat the community with respect, it is very important to do so when controversial plans are being discussed. This project it's yet another rush through job that has NOT been presented to the community for consideration and when residents feel ignored or pushed around, dialogue becomes difficult. This is another project that will chop down trees in exchange for a bike ramp. Do we have any alternatives? What is the purpose of it? Who will it serve? Why has the escalator been out of service for over a decade? Escalators that would provide service to seniors, disabled and alleviate the congestion on the elevators at Motorgate? 

Most importantly the idea that RIOC is holding Board meetings where the public or Island representatives cannot speak up is unacceptable. Why were the public sessions stopped?

How can the community participate in the formulation of plans if no public session is held?

The pandemic should not be used as "the" excuse not to have public sessions in fact, Elected Officials have been holding Town Halls via Zoom platform regularly.

RIOC needs to be accountable to the community and the bottom line is that communicating with the community is a crucial attribute for the successful outcome of any venture.

We urge RIOC to reconsider this plan.

UPDATE 6:30 PM:

The Bike Ramp authorization was removed from RIOC Board Agenda tonight for further study.

UPDATE 9:30 PM - The RIOC Budget and Riverwalk 8 Lease Amendment were approved. Firefighters Field comfort station deferred. 

$1 million allocated for Comfort Station to be used by RIOC for "Health & Safety" projects instesd. RIOC staff  did not say what are Health and Safety projects and none of the Board Directors asked.

UPDATE 12/30 - Here's video of the RIOC Board discussion about the proposed Motorgate Bike Ramp.

Stay tuned for more on this subject.

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 »

Roosevelt Island Budget, Nellie Bly Memorial & Roosevelt Landings Negotiations Among Items On December 12 RIOC Board Of Directors Meeting Agenda - Roosevelt Island Experiencing An Economic Boom Says RIOC Budget

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet 5:30 PM Thursday, December 12 at the Manhattan Park Theater Club (8 River Road). 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 Agenda Items are:

• Approval of the Proposed RIOC Budget for Fiscal Year 2020-21, 
• Authorization to Enter into Contract with Prometheus Art Bronze Foundry & Metal Fabrication for Design and Construction Services for the Nellie Bly Memorial and
• Discussion of Negotiations for Roosevelt Landings which is in Executive Session, closed to the public.

According to the proposed Fiscal Year 2020-21 Budget:

Image From RIOC

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....

Also, here's an excerpt from RIOC Assistant VP of Capital Planning and Projects Jonna Carmona-Graf memo to RIOC President Susan Rosenthal in support of the Nellie Bly Memorial:

Background: We wanted to both commemorated accomplishments of important women in history and expand upon the number of art installations on Roosevelt Island. As such, in June 2019 RIOC issued a Call for Artists to create a public monument honoring the achievements of Nellie Bly. She is considered the mother of investigative journalism, largely due to her exposé on the harsh treatment of patients at the Blackwell Island Insane Asylum. Her reports documenting the conditions and treatment at the hospital resulted in reform to the rules governing all hospitals in the City.

A project budget of $500,000.00 was established for the solicitation and includes all fees associated with the proposed memorial. Subsequent to the artist selection, NYC Councilmember Ben Kallos, pledged $70,000.00, to fund the braille plaques, audio app for hearing impaired and secondary walkway within the park.

A selection panel comprised of RIOC staff, RI Historical Society, RI Residents Association and RIVAA met to review proposals and interview the artists.
Concept: The Artist’s concept for the memorial is named “The Girl Puzzle” and creates an interactive experience within Lighthouse Park. It is modeled after a traditional Japanese Zen Garden with stylized landscape features and clean lines.

The proposed installation, within a plaza area of approximately 900 square feet, will have five (5) 7’-0” tall bronze sculptures of female faces set in the park and three mirrored, stainless steel spheres.

As the viewer enters the 60’ long plaza walkway, they encounter two bronze faces on each side of the plaza. The four bronze faces depict women of different ages and ethnicities. A fifth face of Nellie, cast in silver bronze is located at the northern terminus of the plaza. The mirrored spheres are on axis with the center of Nellie’s face and are varied in size. A low seat wall outlines three sides of the plaza to create a contemplative space for the viewer.

The installation will include written quotes representative of her conviction, compassion and accomplishments and will be fully accessible. There will be bronze plaques in braille highlighting the exhibit for the visually impaired and an audio component for the hearing impaired....

and a rendering 

 Image From RIOC

of the proposed Nellie Bly Memorial.

It's not known at this time the reason for the Executive Session Discussion of Roosevelt Landings negotiations. As previously reported, the sale of Roosevelt Landings has been finalized, there is a new building management, C&C Apartment Management LLC, and RIOC was to receive a:

... a Transaction payment for the Roosevelt Landings lease assignment of $1,788,429.73....

Here's the full December 12 RIOC Board Meeting Agenda:

AMENDED AGENDA

DECEMBER 12, 2019 MEETING OF

THE ROOSEVELT ISLAND OPERATING CORPORATION BOARD OF DIRECTORS

MANHATTAN PARK THEATER CLUB, 8 RIVER ROAD

ROOSEVELT ISLAND, NEW YORK

5:30 P.M.

I. Call to Order and Roll Call

II. Chair’s Motion for Executive Session

1. Discussion of Negotiations for Roosevelt Landings

III. Adjournment for Public Comment Period[1]

IV. Approval of Minutes

1. October 17, 2019 Board Meeting (Board Action Required)

2. November 12, 2019 Special Board Meeting (Board Action Required)

New Business

Approval of the Proposed RIOC Budget for Fiscal Year 2020-21 (Board Action Required)

Approval of Schedule of 2020 Meetings of the Roosevelt Island Operating Corporation Board of Directors (Board Action Required)

Authorization to Amend the Cell Antenna License Agreement with Verizon Wireless (Board Action Required)

Authorization to Enter into Contract with Prometheus Art Bronze Foundry & Metal Fabrication for Design and Construction Services for the Nellie Bly Memorial (Board Action Required)

Any Other New Business that May be Brought Before the Board

President’s Report

Committee Reports

Audit Committee

Governance Committee

Operations Advisory Committee

Real Estate Development Advisory Committee

Public Safety Report

Adjournment

[1] The public comment period will commence after the Executive Session. The public comment period is not part of the meeting.

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....

RIOC Board Of Directors Audit Committee Meeting Wednesday August 28 - Agenda Includes Presentation Of Proposed Budget For Fiscal Year 2020-21

The Roosevelt Island Operating Corp (RIOC) Board of Directors Audit Committee is meeting Wednesday, August 29. According to RIOC:

NOTICE OF THE AUGUST 28, 2019 MEETING OF THE AUDIT COMMITTEE OF THE ROOSEVELT ISLAND OPERATING CORPORATION BOARD OF DIRECTORS

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Wednesday, August 28, 2019 at 4:30 P.M. at the RIOC Administrative Office, 591 Main Street, Roosevelt Island, New York.
AGENDA:

1. Presentation of the Proposed Budget for Fiscal Year 2020-21.
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.

RIOC's proposed budget for next year will show expected revenue, expenses and spending priorities for the Capital Budget.

An audio webcast of the Audit Committee meeting should be available soon thereafter.

RIOC's approved budget for current year (2019-2020) is here. 

We'll see if any of the newly appointed RIOC Directors have joined the Audit Committee.

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.

AGENDA

DECEMBER 13, 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. 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.

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.

Roosevelt Island Cornell Tech Payday - Governor Cuomo's 2019 NY State Executive Budget Includes $25 Million For Roosevelt Island Capital Projects As Payment For Cornell Tech Land Swap Agreement

Roosevelt Island's NY State Assembly Member Rebecca Seawright announced today:

Assembly Member Rebecca A. Seawright is pleased to announce that the Executive Budget includes a $25 million capital appropriation for Roosevelt Island Operating Corporation (RIOC).

This money would fund a multi-year capital improvement program on Roosevelt Island as agreed to by the State in relation to the Cornell Tech development.

“I am happy to report this development for my Roosevelt Island constituents. I will continue to monitor and push for much needed funding in the State budget as negotiations are forthcoming,” said Seawright.

The final budget is anticipated to pass on April 1, 2018.

Roosevelt Island Operating Corp (RIOC) Public Information Officer Alonza Robertson added:

When Governor Andrew Cuomo unveiled the details of his robust $168 billion FY 2019 Executive Budget last Tuesday, it served as a reminder of his familiar refrain “to deliver progressive government to all New Yorkers”.

From fighting the federal tax assault to ending the state’s burgeoning opioid epidemic by holding pharmaceutical companies accountable to investing record amounts in education, supporters and foes lauded the proposal. After a careful review of the 368-page fiscal plan, Roosevelt Island residents and businesses can also celebrate.

Subject to approval by the State Legislature currently in session in Albany, the budget includes a $25 million payment to the Roosevelt Island Operating Corporation (RIOC) to support capital infrastructure improvements. The payment is the tangible result of a unique land-swap agreement - regarding 2.62-acre parcel to help facilitate the Cornell-Tech campus development - between the State and RIOC.

According to the Dec. 16, 2013 document, executed by Empire State Development, the appropriation was to occur no later than Dec. 31, 2018 and be subject to the annual appropriation process and State budgetary procedure. The final budget is anticipated to pass April 1.

RIOC currently has a five-year $65-million major improvements schedule to immediately address aging infrastructure and public facilities that have had neither improvements nor repairs since their original construction 40 years ago.

“We’re thrilled that we will likely have additional resources,” said RIOC President and CEO Susan Rosenthal,” to build, repair, improve and break ground on new projects to the benefit of all Roosevelt Island residents.”

Some Roosevelt Islanders were concerned the State might not keep it's agreement to pay RIOC for the Cornell Tech/Goldwater Hospital land swap agreement. The Governor kept his promise. Now it's up to the State Legislature to approve.

Here's the December 12, 2013 RIOC Board meeting approving the Cornell Tech land transfer and memorandum of agreement confirming the funding agreement.

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.

Approval Of RIOC Budget, Public Purpose Funds Expenditures & Appointment Of New General Counsel On Agenda Of December 8 Roosevelt Island Operating Corp Board Of Directors Meeting

The Roosevelt Island Operating Corp (RIOC) Board of Directors will meet tomorrow evening. Among the items on the Agenda are approval of RIOC 2017-18 Fiscal Year Budget,

 Image From RIOC

approval of Public Purpose Funds expenditures and the appointment of Jacqueline P. Flug as General Counsel. According to RIOC:

PLEASE TAKE NOTICE that a Board of Directors meeting will be held on Thursday, December 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

DECEMBER 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. October 20, 2016 Board Meeting (Board Action Required)
IV. Old Business
V. New Business
1. Appointment of Jacqueline P. Flug to the Position of General Counsel of the Corporation (Board Action Required)
2. Approval of the Proposed RIOC Budget for Fiscal Year 2017-18 (Board Action Required)
3. Schedule of 2017 Meetings of the Roosevelt Island Operating Corporation Board of Directors (Board Action Required)
4. Authorization of Expenditure of Public Purpose Funds Fiscal Year 2016-17 (Board Action Required)
5. Ratification of Contract with Norberto Construction Inc. for Pool Reconstruction at Sportspark (Board Action Required)
6. Authorization to Enter into Contract with Whitestone Office Interiors Inc. for the Purchase of Office Furniture for the Bus Garage and Engineering Office (Board Action Required)
7. Authorization to Enter into Contract with Foritas Converged Networks for RIOC’s New Telephone System (Board Action Required)
8. Authorization to Amend Contract with Sprague Operating Resources LLC for the Purchase of Gasoline Fuel (Board Action Required)
9. Ratification of Amendment of Contract with Sprague Operating Resources LLC for the Purchase of Biodiesel Fuel (Board Action Required)
10. Ratification of Amendment of Contract with Leitner-Poma of America O&M, Inc. for Operation and Maintenance of the Roosevelt Island Aerial Tramway (Board Action Required)
11. Authorization to Enter into Contract with New York State Industries for the Disabled, Inc. for Cleaning Services at RIOC’s Facilities (Board Action Required)
12. President’s Report
13. Committee Reports
a. Audit Committee
b. Governance Committee
c. Operations Advisory Committee
d. Real Estate Development Advisory Committee
14. 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.

A video web cast of the meeting will be available shortly thereafter.

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.

Roosevelt Island Operating Corp Board Of Directors Audit Committee Meeting Today For Presentation Of 2017-18 Budget - Open To The Public

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

PLEASE TAKE NOTICE that a meeting of the Audit Committee of the RIOC Board of Directors will be held on Wednesday, August 31, 2016 at 5:00 P.M. at the RIOC Administrative Office, 591 Main Street, Roosevelt Island, New York.

Agenda:

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

2. Authorization to Enter into Contract with EFPR Group, CPAS, PLLC for Independent Auditing Services.

3. 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.

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.