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ANDREW M.

CUOMO BOARD OF DIRECTORS


Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 1. April 18, 2018

PROPOSED RESOLUTION

AUTHORITY TO 'OVERRIDE' THE NEW YORK CITY


ZONING RESOLUTION IN CONNECTION WITH THE
DEVELOPMENT OF SOUTHTOWN BUILDINGS 8 & 9 AND TAKE RELATED ACTIONS

WHEREAS, the Roosevelt Island Operating Corporation (the "Corporation) consistent


with Section 6389(3) of the RIOC Act (N.Y. Unconsolidated Laws Sections 6385-6399), has the
authority to waive compliance with local laws, ordinances, codes, charters and regulations,
including but not limited to, the New York City Zoning Resolution (the "Override Authority") for
the development of Southtown to the extent that the requirements of the Zoning Resolution are at
variance with the General Development Plan for Roosevelt Island, the Revised Roosevelt Island
Southtown Plan and Project approved by the Board of Directors on September 22, 1999 and the
Design Guidelines for the construction of Southtown (the "Southtown Planning Documents");

WHEREAS, the Related Companies, L.P. and the Hudson Companies Incorporated
(collectively, "Developer" of the Southtown Project) have requested that the Corporation exercise
its Override Authority to waive compliance with certain zoning provisions in connection with the
development of Southtown Buildings 8 & 9 (“Project”), as set forth in the attached letter dated
January 29, 2018 from Handel Architects LLP; and

WHEREAS, the Corporation’s staff and outside counsel have reviewed the Developer's
request including the architect’s letter, and recommend that the Corporation exercise its Override
Authority to waive compliance with certain zoning provisions in connection with the development;

WHEREAS, the Corporation has carried out environmental review of the Project under
the State Environmental Quality Review Act (“SEQRA”) and prepared an environmental
assessment, which supports a finding of no significant impact from the Project;

WHEREAS, the Corporation previously approved the Southtown Project and all nine
buildings in 1990 and met its obligations under SEQRA by preparing an environmental impact
statement (updated in 1999) but has prepared the present environmental assessment to ensure the
passage of time has not changed findings;

WHEREAS, as documented in the environmental assessment, the construction of the


Project is consistent with the purpose, mission and governing statute of RIOC, including the
obligation to oversee the construction of improvements like Southtown as outlined in the General
Development Plan;

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
NOW THEREFORE, be it

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation as


follows:

Section 1. Under SEQRA RIOC shall serve as lead agency for the environmental
review of the proposed override of certain requirements of the New York
City Zoning Resolution for Southtown Building 8 and 9, which review has
been coordinated with other necessary reviews pursuant to other applicable
laws and regulations.

Section 2. RIOC hereby approves the March 23, 2018 Environmental Assessment,
supplemental report and exhibits (“EA”) in the form provided to board
members, a copy of which is hereby ordered filed with the records of RIOC.

Section 3. On the basis of the EA, including its appendices, RIOC hereby (a)
determines that the proposed override will not, either individually or
cumulatively with other actions, have a significant adverse environmental
impact and, accordingly, that no environmental impact statement is required
under SEQRA; and (b) authorizes the issuance of a Negative Declaration
under SEQRA.

Section 4. Except as to requirements that adversely affect public safety or health,


consistent with Section 6389(3) of the RIOC Act, the President/Chief
Executive Officer or her designee, after consultation with architects and
environmental consultants for developer, is hereby authorized to exercise
the Corporation's Override Authority for the development of Southtown
Buildings 8 and 9 to the extent that the requirements of the N.Y.C. Zoning
Resolution are at variance with the Southtown Planning Documents.

Section 5. The President/Chief Executive Officer or her designee, after consultation


with construction consultants, is hereby authorized to amend the design
guidelines for Southtown as necessary to carry out this resolution.

Section 6. The President/Chief Executive Officer is hereby authorized to take such


actions and execute such agreements as she deems necessary to effectuate
the foregoing.

Section 7. This resolution shall take effect immediately.


ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

STATE ENVIRONMENTAL QUALITY REVIEW ACT


AMENDMENT TO NEGATIVE DECLARATION
NOTICE OF DETERMINATION OF NO SIGNIFICANCE

Roosevelt Island Operating Corporation

Approval of Buildings 8 and 9 in Southtown

This notice is issued pursuant to Part 617 of the regulations implementing the State Environmental
Quality Review Act (“SEQRA”), Article 8 of the Environmental Conservation Law. The Roosevelt
Island Operating Corporation (“RIOC”), as lead agency, has determined that its approval of buildings
8 and 9 in Southtown, issuance of zoning overrides for the buildings and approval of ground leases
will be consistent with the General Development Plan and previously approved plans for
Southtown (“Proposed Action”) and will not have a significant adverse effect on the environment.

TITLE AND LOCATION OF PROPOSED ACTION:

Buildings 8 and 9, Roosevelt Island, Manhattan

SEQRA STATUS: Type 1

DESCRIPTION and BACKGROUND:

In 1990, RIOC conceived of the Southtown Project, a collection of nine buildings located to the
north of the Queensborough Bridge that would provide mixed income and affordable housing for
thousands of new residents. RIOC completed an environmental impact statement in 1990. In
1999, RIOC approved more detailed plans for Southtown, approved design guidelines for the
project and the following year signed a Development Agreement with Hudson Companies Inc.,
which has built seven of the nine buildings. The developer now seeks RIOC’s approval of the
final two buildings, issuance of zoning overrides and approval of ground leases. Although
Buildings 8 and 9 are consistent with the earliest plans for Southtown and the 1990 environmental
impact statement, RIOC has elected to prepare an environmental assessment and related
documentation that conclude that the Proposed Action would not have any potential for significant
adverse impacts.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
PROPOSED ACTION

Both buildings will exceed the NYC Zoning Resolution’s bulk limits and waterfront zoning
regulations in several respects, which are explained in the environmental assessment.
Notwithstanding these zoning exceedances, the Proposed Action and Buildings 8 and 9 would be
consistent with the 1990 plan, the 1990 environmental impact statement and the 1999 design
guidelines.

REASONS SUPPORTING THE DETERMINATION OF NO SIGNIFICANT


ENVIRONMENTAL IMPACT:

RIOC has required the developer to prepare a Full Environmental Assessment Form and
Supplemental Environmental Studies (“Assessment”) to examine the potential environmental
impacts of the Proposed Action, including the proposed changes. The Assessment examines the
action’s potential to result in significant adverse impacts in the following areas: land use, zoning
and public policy; socioeconomics; community facilities; open space and recreational facilities;
shadows; cultural resources; urban design and visual resources; neighborhood character; natural
resources; hazardous materials; waterfront revitalization plan; infrastructure; solid waste and
sanitation services; use and conservation of energy; traffic and parking; transit and pedestrians; air
quality; noise; construction impacts; and public health.

For all of the areas of potential impacts listed above, the Assessment concludes that there is no
potential for significant adverse environmental impacts. In reaching this determination, RIOC has
considered relevant areas of environmental concern and the criteria identified in 6 NYCRR § 617.7(c).

WATERFRONT REVITALIZATION PROGRAM

The Assessment reviewed the Proposed Action pursuant to New York City’s Waterfront
Revitalization Program and concludes that it would be consistent with the program policies.

STATE HISTORIC PRESERVATION ACT

As discussed in the 1990 environmental impact statement, the site for the Proposed Action is
vacant and there is no potential for adverse effects on architectural or archeological historic
resources.
FOR FURTHER INFORMATION

The contact person for RIOC is: Susan Rosenthal, 591 Main Street, Roosevelt Island, New York,
10044.

DATED: ____________________________
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

April ___, 2018

Commissioner Rick D. Chandler


New York City Department of Buildings
280 Broadway
New York, New York 10007-1801

Re: ROOSEVELT ISLAND SOUTHTOWN PROJECT, BUILDING 8


NYC DOB Applications # 121203919
460 Main Street
Roosevelt Island, N.Y. 10044
Manhattan Block 1373, Lot 9

Dear Commissioner Chandler:

This letter is in connection with the filing of plans and the applications for building permits
submitted by Riverwalk 8 LLC (“Developer”) for the above-referenced residential building.

Reference is hereby made to that certain memorandum of understanding by and between


the New York City Department of Buildings and the New York State Urban Development
Corporation (“UDC”, now known as the Empire State Development Corporation) dated July 15,
1992.

Please be advised that the Roosevelt Island Operating Corporation (“RIOC”) is the
successor in interest to UDC in connection with the development, maintenance and the operations
on Roosevelt Island, and that pursuant to Section 5 (3) of Chapter 899 of the Laws of 1984 [or
Section 6389(3) of the Unconsolidated Laws of New York] (the “RIOC Act”) and the common
law principles of preemption and state sovereignty, RIOC hereby exercises its powers to waive
compliance with local laws, ordinances, codes and charters or regulations, as more particularly set
forth below.

In correspondence to RIOC, the Developer has requested that RIOC exercise its authority
to determine that, to the extent that the following portions of the construction of the building are
at variance with the N.Y.C. Zoning Resolution, such portions of the work shall not be required to
be in compliance with the N.Y.C. Zoning Resolution:

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
Zoning District R7-2, Lot 9 Area 29,857 sq. ft., Uses Permitted Use Group 2

1. ZR 62-322 Floor Area Ratio


Increase Maximum Allowable Floor Area to 240,000 square feet.
Floor Area Allowable = 102,708 square feet (3.44 FAR)
Floor Area Provided = 240,000 square feet
Degree of Non-Compliance = 137,292 (4.59 FAR)

2. ZR 23-20 Density Regulations


Number of units permitted = 102,708 / 680 = 151 units
Number of units proposed = 341
Degree of non-compliance = 190

3. ZR 23-86 Minimum Distance Between a Legal Window & Lot Lines


ZR 23-861 Required = 30 Feet
Provided = 28’-2” (East), 25-7” (North), 4’-0” (West), 21’-5” (South)
Degree of Non- Compliance = 26’-0” – 1’-10”

4. ZR 25-20 Required Accessory Off-Street Parking for Residences


ZR 25-23 Allow non-compliance with off-street parking space
Requirements for 50% of dwelling units.
Number of Parking spaces required = 171
Number of Parking spaces provided = 0
Degree of non-compliance = 171 Parking Spaces

5. ZR 62-341 Maximum Base Height Requirements


Maximum base height = 60’-0”
Proposed base height = 197’-0 5/8”
Degree of non-compliance = 137’-0 5/8”

6. ZR 62-341 Maximum Building Height Requirements


Maximum building height = 135
Proposed building height = 197’-0 5/8”
Degree of non-compliance = 62’-0 5/8”

7. ZR 62-60 Design Requirements for Waterfront public access area:

ZR 62-61 and 62-62: The New York City Zoning Resolution has various
requirements for public waterfront access that Building 8 would not strictly comply
with. These include certain pathway, grading, seating and bike parking
requirements. See Zoning Resolution Sections 62-61 and 62-62. The Building’s
compliance with the General Development Plan rather than zoning would not be
significant, however, because there is already a public waterfront esplanade and
extensive public access to the waterfront around the project.

ZR 62-12 (Applicability to developments in the waterfront area) states “The


provisions of this Chapter shall not be deemed to supersede or modify the
regulations of any State or Federal agency having jurisdiction on affected
properties.”
By resolution duly adopted by RIOC’s Board of Directors on April 18, 2018, the Board
authorized me to exercise RIOC’s override authority with regard to the N.Y.C. Zoning Resolution
as set forth above. Based upon the foregoing, RIOC hereby exercises its authority to override the
above- mentioned provisions of the N.Y.C. Zoning Resolution.

Thank you for your cooperation concerning this matter.

Very truly yours,


ROOSEVELT ISLAND OPERATING CORPORATION

By:________________________________________
Susan G. Rosenthal
President
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 3. April 18, 2018

PROPOSED RESOLUTION

AUTHORIZATION TO ENTER INTO SETTLEMENT AGREEMENT


IN CONNECTION WITH THE RIVERCROSS ARBITRATION AND SECOND
AMENDMENT OF THE RIVERCROSS GROUND LEASE
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that RIOC is hereby authorized to enter into the settlement agreement in
connection with the Rivercross arbitration and the Second Amendment of
the Rivercross Ground Lease, upon such terms and conditions substantially
similar to those outlined in the Memorandum from Jacqueline P. Flug to
RIOC Board of Directors/Susan G. Rosenthal dated April 9, 2018, attached
hereto;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: RIOC Board of Directors/Susan G. Rosenthal


FROM: Jaqueline P. Flug, Vice President & General Counsel
DATE: April 9, 2018
RE: Rivercross Settlement

In 2010, while still in the Mitchell-Llama (“ML”) program, Rivercross Tenants Corp. (“Rivercross”)
requested that RIOC agree to extend the term of the Rivercross ground lease to enable it to refinance its
mortgage at the low interest rates then available, so that it could perform major capital improvements,
including energy efficiency improvements, in the 35+ year old building. In March 2011, the parties entered
into an agreement amending the Ground Lease (the “Amendment”), and extending the term of the
underlying ground lease to December 22, 2068. At that time, Rivercross was aging out of the ML program,
but had not yet determined if it would exit the ML program with an affordability plan in place.

The Amendment provided that, if Rivercross left the ML program without an affordability plan approved
by the Commissioner of Homes and Community Renewal (“HCR”), the residential and commercial ground
rents were to be escalated to achieve a market rate rent, and other fees and charges that RIOC then typically
received for similarly structured non-Mitchell-Lama residential properties were to be imposed. Such fees
and other charges included capital event fees for building sales and refinancing, transfer fees for the sale of
cooperative units, and payments to RIOC in lieu of mortgage recording tax.

If the parties were unable to reach agreement on the revised financial terms to be effective upon Rivercross’s
withdrawal from the ML program (the “Withdrawal”), the rent was to be determined by arbitration, in
accordance with the procedure set forth in the Amendment.

Rivercross withdrew from the ML program on March 27, 2014, without an affordability plan in place. As
the parties were unable to reach agreement on the rent to be paid, RIOC served a demand for arbitration in
May 2014. The arbitrators appointed by the parties met several times, but were unable to reach agreement
on the revised financial terms. Prior to the appointment of a third arbitrator, the commissioner of HCR
attempted to mediate a resolution.

Following discussions between the parties over an extended period, the parties reached a settlement on the
revised financial terms in March 2018, as reflected on the term sheet. The “affordability plan” referred to
in the term sheet is not similar to those approved by HCR, but rather is a plan for deferral of increased
maintenance fees for owners of record as of the date of Mitchell Lama withdrawal for qualifying
shareholders. The settlement includes the Empire State Development Corporation (“ESD”) the entity that
receives the Tax Equivalent Payments (“TEP”) and requires the approval of the ESD Board, the RIOC
Board and Rivercross.

Based on the advice of outside counsel as discussed with the Real Estate Development Committee, we
suggest the Board agree to the terms of the settlement and enter into a new amendment to the ground lease
for Rivercross.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
TERM SHEET DATED AS OF MARCH ___, 2018
FOR SECOND AMENDMENT TO THE
RESTATED GROUND LEASE FOR RIVERCROSS

1. Ground Rent :

Effective as of March 27, 2014 (the date Rivercross withdrew from Mitchell-Lama,
referred to as the “Withdrawal Date”), Rivercross will pay an aggregate rent of $2,500,000 (the
“Re-Set Ground Rent”). As of April 1, 2022, and on each fifth anniversary of that date thereafter,
the Re-Set Ground Rent will increase by 10%, so that the Re-Set Ground Rent for each five year
period will be 110% of the Re-Set Ground Rent payable during the preceding five year period.
These increases will be in lieu of (i) increases as of Rent Adjustment Dates, as set forth in the
Restated Ground Lease, as amended (collectively, the “Restated Ground Lease”), and (ii) the
charges set forth in the Agreement dated as of March 29, 2011 between Rivercross and RIOC with
respect to Rivercross’ use and occupancy of 517 and 535 Main Street.

2. Commercial Space Sublease from Rivercross to RIOC:

RIOC will continue to sublease the same commercial spaces from Rivercross as RIOC is
currently subleasing pursuant to the Sublease dated as of March 1, 1976 between North Town
Phase IV Houses, Inc. and New York State Urban Development Corporation (RIOC’s predecessor-
in-interest), as amended (collectively, the “Commercial Space Sublease”). Effective as of the date
the Second Amendment to the Restated Ground Lease is fully signed (the “Effective Date”), RIOC
will not be obligated to pay any Ground Rent, Basic Rent or Tax Equivalent for Commercial Space
for the commercial spaces it is subleasing from Rivercross, and Rivercross will waive all claims for
unpaid Ground Rent, Basic Rent or Tax Equivalent for Commercial Space, if any, under the
Commercial Space Sublease for all periods prior to the Effective Date.

3. Payment of Arrears of Re-Set Ground Rent: The additional Re-Set Ground Rent to be paid by
Rivercross for the period from the Withdrawal Date to the Effective Date (the “Interim Period”)
will be paid as follows:

a. Rivercross will pay RIOC an amount equal to the difference between (i) the sum of the
Residential Ground Rent and the Commercial Ground Rent paid by Rivercross under the
Restated Ground Lease during the Interim Period, and (ii) the sum of $1,300,000 for each
year of the Interim Period, pro-rated as necessary for partial years. This amount will be
paid to RIOC upon the Effective Date.

b. In addition to the amount set forth in paragraph (a) above, Rivercross will pay RIOC the
sum of $1,200,000 for each year of the Interim Period, pro-rated as necessary for partial
years. This amount will be paid in fifteen (15) equal annual installments of principal,
together with interest thereon from the Effective Date at the rate of four percent (4%)

8215749.6
per annum, commencing on the first anniversary of the Effective Date, and on each
anniversary of such date in subsequent years.

4. Tax Equivalent Payments:

In addition to the Re-Set Ground Rent, Rivercross will pay Tax Equivalent Payments in
accordance with the terms of a separate agreement to be entered into between Rivercross and
Empire State Development (“ESD”). This agreement will provide that, as of the Effective Date,
Rivercross will pay an aggregate Tax Equivalent Payment equal to 80% of the aggregate Tax
Equivalent Payment then owed by Rivercross to ESD as of the Effective Date (the “Updated TEP
Payment”). As of the fifth anniversary of the Effective Date, the Updated TEP Payment will
increase by 10% so that the Updated TEP Payment for each five year period will be 110% of the
Updated TEP Payment payable during the preceding five year period. Such increases will be in
lieu of increases as of each Tax Equivalent Adjustment Date, as set forth in the Restated Ground
Lease. These provisions are subject to the terms of a separate agreement to be entered into
between Rivercross and ESD concurrently with the Second Amendment to the Restated Ground
Lease.
It is understood that Rivercross has presently outstanding a Tax Certiorari Proceeding
affecting the Assessed Value of the property subject to the separate agreement between
Rivercross and ESD. To the extent the final outcome of such Proceeding impacts the Tax
Equivalency Payment owed by Rivercross to ESD at the time the agreement is executed, the
Updated TEP Payment shall be adjusted backwards to the Effective Date.

5. Public Safety Fees: Rivercross will continue to pay Public Safety Service Fees in accordance with
the terms of the letter agreement dated as of March 29, 2011 between Rivercross and RIOC
relating to such fees.

6. AVAC Charges: The provisions of Article 13 of the Restated Ground Lease with respect to charges
for the AVAC system shall remain in effect.

7. Additional Fees: In addition to the charges noted in this term sheet and the Restated Lease, RIOC
may impose on Rivercross a charge for furnishing services provided to the Roosevelt Island
community, such as Tramway service, minibus service, landscape maintenance of non-leased
areas, and recreational and athletic facilities, but only if RIOC imposes a charge for such additional
services on all other lessees of residential apartments buildings on Roosevelt Island receiving such
services, in which case Rivercross will pay its pro-rata share of such cost, computed on the basis
of the number of completed units in Rivercross as a percentage of the then total completed
residential units on Roosevelt Island.

8. Transfer Fees On Sale of Apartments: Rivercross will pay RIOC a transfer fee on all sales of
apartments (both initial sales following the Withdrawal Date and all subsequent sales) equal to
one percent (1%) of the gross sales price paid to the selling tenant-shareholder (the “Transfer
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8215749.6
Fees”). Transfer Fees for all sales occurring during the Interim Period will be paid to RIOC upon
the Effective Date. Transfer Fees for each sale occurring after the Effective Date will be paid to
RIOC at the time of the closing of such sale. Rivercross will notify RIOC of each sale, and, together
with payment of the Transfer Fee, will provide a calculation of the Transfer Fee and sufficient
documentation to confirm the amount of the Transfer Fee payable for such sale.

9. Payments in lieu of Mortgage Recording Tax: Rivercross will give RIOC at least six (6) months’
prior written notice if it intends to obtain a mortgage that would not be exempt from the
imposition of a mortgage recording tax. RIOC may seek to obtain an advisory opinion from the
New York State Department of Taxation and Finance that would exempt the mortgage from the
payment of a mortgage recording tax, and, if RIOC has obtained such an opinion (whether in
connection with Rivercross’ intended transaction or any previous transaction), RIOC will be named
as a co-lender on the loan, and, if the mortgage is exempt from the payment of a mortgage
recording tax as a result of RIOC’s status or based on an exemption for properties on Roosevelt
Island, Rivercross will pay to RIOC the amount of the mortgage recording tax which would have
been payable if the mortgage had not been exempt.

10. Affordability Plan: The Second Amendment will provide for an Affordability Plan substantially in
accordance with the terms outlined on the attached Exhibit A. Rivercross will retain a third-party
administrator reasonably acceptable to RIOC to administer the Affordability Plan. The cost of
administering the Affordability Plan, including, without limitation, the cost of retaining the third-
party administrator, will be borne by Rivercross.

11. Best Efforts: All parties agree to use their best efforts to effectuate the Term Sheet for the Second
Amendment to the Restated Ground Lease for Rivercross and the Separate Agreement to be
between entered into between ESD and Rivercross, on or before June 30,2018.

This term sheet is being sent for discussion purposes only, and shall not bind any of the parties
referred to herein. Notwithstanding our discussions and the terms set forth herein, these terms remain
subject to (i) the approval of RIOC’s Board of Directors and execution by Rivercross, RIOC and ESD of a
written Second Amendment to the Restated Ground Lease, and written amendments that may be
required to any other agreements referred to herein in order to give effect to these terms, and (ii)
approval of ESD’s Board of Directors and execution by Rivercross and ESD of an agreement regarding the
TEP Payments.

ROOSEVELT ISLAND OPERATING CORPORATION

By: ________________________________
Name: Susan G. Rosenthal
Title: President and Chief Executive Officer

EMPIRE STATE DEVELOPMENT

8215749.6
By: ________________________________
Name:
Title:

RIVERCROSS TENANTS’ CORP.

By: ________________________________
Name:
Title:

EXHIBIT A

Affordability Plan – Rivercross Tenants’ Corp.

Overview:
Qualified Shareholders who satisfy certain criteria will be able to apply for a deferral of
maintenance increases for so long as they own the shares and appurtenant proprietary leases for
their apartments (the “Apartments”). RTC will be entitled to a corresponding deferral of the
ground rent payable to RIOC in the same amount as the maintenance deferral granted to a
Qualified Shareholder. The deferred amounts will be payable, with interest, by the Qualified
Shareholder to RTC, and by RTC to RIOC, when the Apartment is sold.

Details:
The deferral will only be available to Qualified Shareholders who meet certain income criteria.
a. Qualified Shareholders are:

i. bona fide shareholder-offerees who were owners of record of the Apartment as


of the date RTC withdrew from the Mitchell-Lama program, and who were in
actual physical possession and occupancy of the Apartment as their primary
residence as of such date; or

ii. members of the named owner’s immediate family who resided in the Apartment
with the named owner as their primary residence for so long as the immediate
family member continuously and without interruption resides in the Apartment
as their primary residence and who would qualify for succession under the HCR
regulations (NYCRR 1727-8).

iii. No deferral will be available for subleased Apartments. Any deferral then in
effect will be terminated as of the effective date of any such sublease. Upon the
expiration of a sublease, the Qualified Shareholder may re-apply for a deferral if
they satisfy the requirements at that time.

b. Income criteria:
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8215749.6
i. To qualify for a deferral, a Qualified Shareholder will need to have a Validated
Income equal to a maximum of 100% of the median income, as published from
time to time by HUD for the New York NY areas, as adjusted for the applicable
household size.

ii. “Validated Income” will mean the gross annual income, from all sources, for all
occupants of the Apartment, for the calendar year preceding the calendar year
for which the deferral is sought.

Maintenance Deferral:

a. At such time as the maintenance charges for any Qualified Shareholder increase to 120%
of the maintenance (the “Increased Maintenance”) in effect as of the date of RTC’s
withdrawal from the Mitchell-Lama program (the “Base Maintenance”), a Qualified
Shareholder can apply for a deferral in the payment of such maintenance increase.
Assessments and utility charges will not be taken into account in calculating either
Increased Maintenance or Base Maintenance and there shall be no deferral available in
the payment of such charges. The amount by which the Increased Maintenance (subject
to adjustment as set forth below) exceeds the Base Maintenance is referred to as the
“Deferral Amount”.

b. The Qualified Shareholder will be obligated to continue to pay Base Maintenance. The
Qualified Shareholder will not be entitled to any deferral in the payment of Maintenance
Charges to RTC, nor will RTC be entitled to any corresponding deferral in the payment of
ground rent to RIOC, for any period when the Qualified Shareholder is in default under its
Proprietary Lease.

c. If the Qualified Shareholder is receiving any rent abatement, such as substitute SCRIE (or
SCHE) benefits or DRIE benefits, the Increased Maintenance shall be decreased by the
amount of the abatement in determining the Deferral Amount. To the extent that the
income eligibility requirements for SCRIE, SCHE or DRIE benefits are more stringent than
the deferral requirements under this Plan, any shareholder who is receiving SCRIE, SCHE
or DRIE benefits will automatically qualify for a maintenance deferral (so long as they are
Qualified Shareholders as defined herein).

d. Once the Apartment is sold, successive owners will no longer have the right to apply for
a deferral.

e. The Qualified Shareholder will not be obligated to pay the Deferral Amount until the
Apartment is sold to a third party. The shareholder will be obligated to notify RIOC and
RTC of any sale of the apartment, and the total Deferral Amount, with interest thereon,
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8215749.6
will have to be paid to RTC at the closing. The interest rate will be four percent (4%) per
annum. Payment of the Deferred Amount will have priority over payment of any flip tax
or other amounts owed to RTC. The terms of this affordability plan will be included in the
proprietary lease, and shareholders of any Apartment which received a deferral will be
obligated to notify RIOC of the sale of the Apartment.

Ground Rent Deferral: RTC will be able to subtract the Deferral Amount from the ground rent
payable to RIOC under the Ground Lease. The amount of deferred ground rent, plus interest
(which should equal the Deferral Amount paid by the Qualified Shareholder at closing), will be
payable by RTC to RIOC at the closing. RTC will direct the Qualified Shareholder to pay the Deferral
Amount directly to RIOC in satisfaction of RTC’s obligation to pay RIOC the deferred ground rent,
but its failure to do so will not relieve RTC of the obligation to pay the deferred ground rent to
RIOC. If the net proceeds of a sale are insufficient to pay the deferred ground rent, plus interest,
RTC will be liable for the deficiency. RTC’s obligations under the Affordability Plan will be
incorporated into the ground lease, and RTC’s failure to notify RIOC of the sale of any Apartments
which received a deferral, or to repay any amounts due hereunder will be a default under the
ground lease. RTC will submit a statement to RIOC annually, certified by a CPA, showing all
accrued deferrals. The statement will be submitted by January 31st of each year, for the prior
calendar year.

Procedure:

a. The plan will be administered by a third party administrator. A Qualified Shareholder will
have to apply annually for a deferral. To apply, the Qualified Shareholder will have to submit
an application by December 31st of each year in order to apply for a deferral for the next
calendar year. If there is a maintenance increase during the calendar year which would make
the Qualified Shareholder eligible for a deferral, the Qualified Shareholder can apply for a
deferral within sixty (60) days after the maintenance increase takes effect, and, if the
Qualified Shareholder is found to be eligible for a deferral, it will be granted retroactively to
the date the Qualified Shareholder applied for a deferral. If a Qualified Shareholder is
receiving a SCHE or DRIE exemption, they will submit evidence thereof with their application.
The third party administrator will calculate the total Deferred Amount (including interest).

b. In order to apply for a deferral, the Qualified Shareholder will have to submit a tax return for
the prior year, together with a certification signed by the Qualified Shareholder certifying (i)
that the Apartment is their primary residence, (ii) that they have been in continuous residence
in the Apartment during the preceding 12 months, (iii) the names of all immediate family
members and others residing in the Apartment with them during the preceding 12 months.

c. The third party administrator will send RIOC a schedule of all Deferrals granted to Qualified
Shareholders for each calendar year by January 31st of that year.

8215749.6
7

8215749.6
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 2. April 18, 2018

PROPOSED RESOLUTION

RATIFICATION OF INSURANCE BINDERS FOR FY 2018-19


______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that the insurance policy binders for the period of April 1, 2018 through
March 31, 2019, upon such terms and conditions substantially similar to
those outlined in the Memorandum from Muneshwar Jagdharry to Susan G.
Rosenthal/Board of Directors, dated March 29, 2018, attached hereto, are
hereby ratified;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: Susan G. Rosenthal / Board of Directors


FROM: Muneshwar Jagdharry, Comptroller
DATE: March 29, 2018
RE: Ratification of Insurance Binders through March 31, 2019

The Corporation utilized the services of JFA Brokerage and Associates in partnership with
Arthur J. Gallagher Risk Management Services (“Brokers”), to obtain quotes from insurance
carriers for the renewals of the insurance policies for fiscal year April 1, 2018 – March 31,
2019.
The Brokers were successful in minimizing the overall increase in insurance premiums.
Some highlights of the premium changes reflected below include:
General Liability – RIOC’s previous G/L carrier (Philadelphia) stopped writing the type
of coverage under which RIOC’s accounts are protected; the new carrier (AIG)
quoted similar coverage at a modest decrease of $6,300.
Excess – There is an increase of $13,020 in the umbrella liability, primarily from the
$15MM layer sitting directly over the GL and Auto, which is underwritten by the same
insurance carrier (AIG) and reflects their increased risk based upon total exposures.
Property – The rates remained flat; the premium reflects an increase in the total
insurable values, based upon improvements. The carrier has also waived a required
$5,500 Engineering fee in connection with RIOC’s follow-up on certain
recommendations made by the carrier for improvements that will improve long-term
exposures.
Cyber Liability – This new policy covers liability resulting from theft or breach of
personal information that RIOC has an obligation to keep private (Dates of Birth,
Social Security Numbers, etc.), and the resulting security breach response and
notification costs to those affected.

Coverage 2017 Premiums 2018 Premiums Allocation – Allocation – LPOA


RIOC
General Liability – RIOC $286,300 $280,000 $280,000 n/a
General Liability – Tram $123,079 $125,000 n/a $125,000
Excess ($15MM) $184,500 $195,000 $134,550 $60,450
Excess ($15MM XS $15MM) $53,500 $55,620 $38,378 $17,242
Excess ($20MM XS $30MM) $52,500 $52,500 $36,225 $16,275
Excess ($25MM XS $50MM) $49,600 $50,000 $34,500 $15,500

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
Coverage 2017 Premiums 2018 Premiums Allocation – Allocation – LPOA
RIOC
Excess ($25MM XS $75MM) $31,500 $31,500 $21,735 $9,765
Excess ($25MM XS $100MM) $25,250 $25,250 $25,250 No Allocation
Property $581,152 $595,985 $595,985 No Allocation
$5,500 Eng. Fee
Boiler & Machinery $14,676 $15,066 $15,066 No Allocation
Cyber Liability N/A $6,266 $6,266 No Allocation
Public Officials Liability $56,634 $56,634 $56,634 No Allocation
Automobile $441,448 $454,853 $454,853 No Allocation
Aggregate $1,905,639 $1,943,674 $1,699,442 $244,232

After deducting $244,232 in pro-rata allocations on the casualty lines that are payable by
Leitner-Poma of America Inc. (“LPOA”), the total payable by RIOC is $1,699,442.

The Brokers have advised that, in their experience, the net increase of $33,088 (consisting
of $26,822 in comparable lines and the new Cyber Liability at $6,266) or 1.9% is reasonable
given the loss development and exposure increases. The policies have been bound
effective April 1, 2018 in the interest of continuing protection for the Corporation’s
operations. I recommend the Board’s ratification of the same for the period April 1, 2018
through March 31, 2019.
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 4. April 18, 2018

PROPOSED RESOLUTION

AUTHORIZATION TO ENTER INTO CONTRACT WITH GARDNER & THEOBALD, INC.


FOR OWNER'S REPRESENTATIVE SERVICES FOR CAPITAL PROJECTS & STRATEGIC
PLANNING
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that RIOC is hereby authorized to enter into contract with Gardner &
Theobald, Inc. for owner’s representative services for capital projects and
strategic, upon such terms and conditions substantially similar to those
outlined in the Memorandum from Stephen T. Noone to RIOC Board of
Directors/Susan G. Rosenthal dated April 10, 2018, attached hereto;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: RIOC Board of Directors/Susan G. Rosenthal


FROM: Stephen T. Noone, Assistant Vice President of Capital Projects & Planning
DATE: April 10, 2018
RE: Owner’s Representative Services for Capital Projects and Strategic Planning

Background:

Owner’s representative services for the planning and management of capital projects has long been
an important part of the Capital Improvement Industry, in both private and public sectors. Where
owners lack the requisite knowledge, means to properly oversee capital projects; or more
importantly, where supplemental services are needed to assist an existing team of project
managers; owner’s representative firms provide a flexible, experienced, full team of industry
professionals who fill these voids and aid in achieving owner’s goals efficiently, effectively, and
safely. Indeed, many city and state agencies, including but not limited to, the New York City
Economic Development Corporation, the New York City Department of Design and Construction,
the New York State Empire State Development Corporation, Battery Park City Authority, and
Hudson River Park Trust, have all benefited from the services provided by owner’s representative
firms to assist their planning and project teams in successfully realizing multi-phased and/or multi-
year projects. And, it is well understood in the industry that the fees associated with owner’s
representative services are often-times offset by the savings their assistance provides.

Capital Planning and Projects and Owner’s Representation:

The Roosevelt Island Operating Corporation, charged by its mission to develop and maintain the
infrastructure of Roosevelt Island, experienced a stagnation in performing its duties under the
former Engineering Department due to staffing deficiencies and frequent turnover by the
department’s directors. Many long-term new construction projects and much-needed maintenance
projects were hindered because RIOC lacked the personnel to properly oversee these
responsibilities as well as follow a plan of implementing these projects.

In late November 2017, RIOC corrected this deficiency by creating a new department, The
Department of Capital Planning and Projects. RIOC also hired an Assistant Vice President to be
in charge of the operations of that department and in February 2018, RIOC hired two project
managers to assist in our long-term goals. Their duties and responsibilities include overseeing
existing RIOC maintenance projects, any outside projects – such as the DEP access road – and any
new long-term RIOC capital projects.

Earlier this year, RIOC launched a major Capital Improvement Plan consisting of both long,
overdue-and, new capital improvement projects, which have a forecast budget of approximately

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
$90 million, over the next four years. Although RIOC has established a new Department of Capital
Planning and Projects, the number of and scope of projects currently projected under the Capital
Improvement Plan over the next few years, require more oversight than our normal staffing can
and should provide. An owner’s representative firm will greatly fulfill this need.

RIOC is requesting that the Board of Directors approve and authorize the Corporation to engage
the services of an Owner’s Representative firm for the following reasons: 1) because it will
provide the additional project-management oversight and safety as explained below; 2) because it
will provide for additional professional expertise in areas such as design, engineering, and
estimating; and 3) because it will allow the flexibility of adding or decreasing its staffing on an as-
needed basis resulting in lower costs to RIOC.

Roosevelt Island Operating Corporation Need and Justification:

As stated above, the Capital Planning and Projects Department has forecast 15 necessary projects
for the 2018 calendar year, with even more projects planned for 2019. Oversight for the projects
planned for this year alone, will require that the Department’s PMs be assigned five (5) projects
each – not including the time and resources that will be taken away from RIOC projects to oversee
outside projects such as DEP road access, Light Tower, or Crown Castle, to name a few. Industry
standard dictates that a single PM generally manages and oversees a single project to ensure quality
in the execution of the project. Here however, if the Department’s PMs will be expected to manage
five projects each, in addition to the other outside projects currently underway, the quality of
oversight will significantly diminish as it is imprudent to oversee that many projects at once. In
this regard, support from an owner’s representative firm will represent RIOC’s interests in
maintaining the schedule, budget and scope as planned.

Another important benefit of owner’s representative services, is that it will aid the Corporation in
being more accurate with its cost management and cost projection reporting in the budget. By
increasing project budgeting of capital projects through the services of an owner’s representative,
the Corporation may better account for and accurately project cash-flow and savings on projects.

Finally, RIOC may use the owner’s representative services on an as-needed basis depending on
the number of projects being handled or overseen by RIOC staff at any given time. Indeed, there
are many instances where planned projects become delayed due to unforeseen events such as
emergencies or other maintenance projects requiring immediate attention. With the use of owner’s
representative services, the firm will serve as an extension to RIOC in that it will provide oversight
services on RIOC’s behalf as to allow planned projects to continue on schedule with little concern
of significant delay or the inability to properly oversee a project due to RIOC understaffing issues.

Procurement Process:

To this end, RIOC posted a Request for Proposal for Owner’s Representative Services for Capital
Projects and Strategic Planning in the New York State Contract Reporter on January 23, 2018. On
March 2, 2018, RIOC received 14 submissions and based on evaluation criteria and best value for
services provided in the RFP, conducted shortlist interviews with eight (8) of the fourteen (14)
firms between March 26, 2018 and March 29, 2018. Specifically, firms were rated on their General
Experience (25 points), Specific Project Understanding & Approach (35 points), Staffing
Proposal/Staff Experience (25 points), Financial Capability (5 points), and Fee (10 points). Only
firms that received a minimum averaged score of at least 70 points (in accordance with the
evaluation criteria set forth in the RFP), were eligible for an interview. Of the firms interviewed,
the firm of Gardiner & Theobald, Inc., received the highest score. Specifically, Gardiner &
Theobald, Inc. through its proposal and interview, demonstrated the best understanding of RIOC’s
needs and presented the best approach to meet those needs through their focus on estimating and
cost-management.

The following table lists the eight (8) firms interviewed, the cumulative rating (an average of the
selection committee), and the fee proposal for the 3 year term of the proposed contract.

Firm Score Fee


1. AECOM 70.9 $4,319,173
2. DBI - Urban Projects Collaborative, LLC 81.2 $4,260,200
3. Gardiner & Theobald, Inc. 85.3 $1,617,100
4. Gilbane 76.8 $2,931,730
5. K.O.W. ARMA Development Consultants 76.7 $673,821
6. Levien & Company 80.9 $3,966,875
7. LiRo Program & Construction Management PE/PC 81.7 $2,073,880
8. TDX Construction 76.1 $2,771,458

Recommendation:

Based on the above, I recommend that, subject to the satisfaction of all contracting requirements,
that the Board of Directors authorize and approve entering into a contract with Gardiner and
Theobald, Inc., for the purpose of providing Owner’s Representative Services for Capital Projects
and Strategic Planning for a total amount of $1,617,100 with a 10% contingency of $161,710
bringing the total authorized not-to-exceed amount to $1,778,810 for a contract term of three (3)
years.
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 5. April 18, 2018

PROPOSED RESOLUTION

APPROVAL OF EXTENSION OF THE FY 2017-18 PUBLIC PURPOSE GRANTS PERIOD


______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that the extension of the FY 2017-18 Public Purpose Grants period
substantially as set forth in the Memorandum from Sean Singh to RIOC
Board of Directors/Susan G. Rosenthal, dated April 9, 2018, is hereby
approved;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: RIOC Board of Directors/Susan G. Rosenthal


FROM: Sean Singh, Grant Writer
DATE: April 9, 2018
RE: Extension of FY 17-18 Public Purpose Fund Grants

At its meeting of December 19, 2017 the Board authorized FY 17-18 Public Purpose Grants upon the
recommendations of RIRA.
Extensions of the FY 17-18 PPF Grants are requested for the following recipients:
1. Main Street Theatre and Dance Alliance (“MSTDA”) – MSTDA has spent funds on scholarships and
toward the salary of its recently hired Asst. Executive Director, hired after the PPF funds were granted.
An extension is requested for the grantee to use the remaining allocation for the salary payments.
2. PS/IS 217 Parent-Teacher Association (“PTA”) - The Salvadori Center provided most of the grant funded
services to the children, continuing through the majority of the school year. PTA will pay the vendor for
those services upon completion, which takes place after the normal grant period due to the length of
the school year.
3. Life Frames – Life Frames completed some of the services for which the PPF funds were requested, and
will continue to perform the remaining services through the late spring and early summer.
4. Roosevelt Island Visual Arts Association (“RIVAA”) – At its meeting of March 1, 2018 the RIOC Board
authorized a change in the scope of the approved funding for RIVAA to focus on repairs of the Gallery’s
HVAC system. The Grantee has selected a consultant to whom it is disbursing funds for professional
expertise. That consultant will provide oversight services of the contractor performing the repairs.
5. Roosevelt Island Disabled Association (“RIDA”) – RIDA has spent funds for van repairs and trips.
Additional repairs to the van, including an upgrade of the van’s AC system are expected through late
spring. Additional trips will be provided through spring and summer.
6. Island Kids – Island Kids has hired staff to increase its capacity and will conduct focus groups in late
spring to identify the manner in which it can best serve its target population. This year’s grant focuses
on at-risk youth.
7. Wildlife Freedom Foundation (“WFF”) – The WFF is in the process of acquiring necessary insurance and
is obtaining quotes for repairs to the Island cat shelters. The work is expected to be completed by the
end of summer.
In addition to the above, the Roosevelt Island Senior Association has requested that RIOC extend the FY
16/17 PPF grant (extended through FY 17/18) through the end of summer. The grantee has accounted for all
the funds expended with the first disbursement and a portion of the final disbursement. RISA will continue
to provide classes and hold events for its participants.
Public Purpose Grants are critical to programming and projects that benefit the community. Based on the
foregoing, the extensions are requested through September 30, 2018, which should provide sufficient time
for the remaining expenses to be incurred, submitted and accepted.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 6. April 18, 2018

PROPOSED RESOLUTION

RATIFICATION OF CONTRACT WITH DERIVE TECHNOLOGIES LLC AND EIA


DATACOM, INC. FOR THE PURCHASE OF SURVEILLANCE CAMERAS
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that the contract with Derive Technologies LLC and EIA Datacom, Inc. for
the purchase of surveillance cameras, upon such terms and conditions
substantially similar to those outlined in the Memorandum from Indranie
Sanichar to RIOC Board of Directors/Susan G. Rosenthal, dated February
26, 2018, attached hereto, is hereby ratified;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
Margaret Smith
MEMO

TO: RIOC Board of Directors/Susan G. Rosenthal


FROM: Indranie Sanichar, Director of IT Department
DATE: February 26, 2018
RE: Closed Circuit TV Replacement Project

Need:
Closed Circuit TV (“CCTV”) surveillance along with strategically positioned police patrol coverage allows
for the Public Safety Department to monitor a much larger area of the Island and rapidly deploy resources
as needed. Video surveillance is an adjunct to police patrol coverage and not a replacement of patrol. The
CCTV network is an integral tool for RIOC PSD team in serving the community.

The CCTV surveillance network currently has 73 cameras. 36 of those cameras are end of life and need to
be replaced. Sites that need replacement are located within Motorgate Parking and South Point Park. The
end of life cameras must be replaced because of:
Constant outages; not recording
Incompatible with new management software from manufacture
Firmware updates are no longer available from manufacture
No longer supported
Pricing:
Vendor OGS/MWBE Quote Cost Notes
Derive MBE Hardware equipment
Technologies NYS/NJS- 52- $84,188.10 (equipment) only.
2295534 $1,500.00 (professional services) Pricing based on Federal
Government Contract.
$85,688.10
The replacement cameras
life-cycle expectancy is 5-
7 years.
EIA OGS $10,320 Physical Installation of
cameras
Anixter/Tri- N/A N/A Reached out to vendor to
Ed get competitive pricing.
No respond to inquiry for
quote.
CDGW N/A N/A Reached out to vendor to
get competitive pricing.
Unable to provide the
specific hardware we
require.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
In keeping with compliance with our existing network, we continue to purchase BOSCH cameras. Derive
is an approved reseller (with MBE certification) of New York State Office of General Services contractor.
Derive also has in-depth knowledge and expertise of the RIOC’s Island-Wide Security camera
infrastructure as the provider has performed and supported RIOC’s Security Camera System since
integration. EIA is an OGS vendor and does the physical installation of cameras.

Recommendation:
I, therefore, recommend that the Board approve the ratification of the purchase of cameras, related
equipment, services and installation for a total of $96,008.10 (Derive Technologies: $85,688.10 and EIA
$10,320.) towards the Camera Replacement project.
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 7. April 18, 2018

PROPOSED RESOLUTION

AUTHORIZATION TO ENTER INTO CONTRACT WITH THE ROOSEVELT ISLAND


PUBLIC SAFETY OFFICERS BENEVOLENT ASSOCIATION
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that RIOC is hereby authorized to enter into contract with the Roosevelt
Island Public Safety Officers Benevolent Association, upon such terms and
conditions substantially similar to those outlined in the Memorandum from
Claudia McDade to RIOC Board of Directors dated March 30, 2018,
attached hereto;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: RIOC Board of Directors


FROM: Claudia McDade, Director of Human Resources
DATE: March 30, 2018
RE: Proposed Memorandum of Agreement to modify the Collective Bargaining
Agreement between RIOC and Roosevelt Island Public Safety Officers
Benevolent Association (RIPSOBA)

On March 29, 2018 Memorandum of Agreement (MOA) to modify the Collective


Bargaining Agreement (“CBA”) which expired on March 31st, 2016 was reached between RIOC
and The Roosevelt Island Public Safety Officers Benevolent Association (RIPSOBA). This MOA
will cover a period of three years, beginning retroactively on April 1, 2017 and expires on March
31, 2019.
As a matter of history; the RIOC management team has consistently proposed agreements
which would mirror the economic patterns established by the Governor’s Office of Employee
Relations (GOER) through negotiations with the various state employee unions. Most recently,
GOER has established a pattern consisting of three year term contracts, offering 2% increases in
each of those years. In the case of the RIOC/RIPSOBA Contract, the contract language will remain
largely unchanged from the expired contract, except for:
a) Elimination of the current Retirement IRA employer contribution listed in Article 11.4 of
the expired contract;
b) Addition of language replacing the aforementioned IRA with a newly created RIPSOBA
401 (k) Plan, including a five percent (5%) employer match and three percent (3%) Safe
Harbor contribution;
c) An increase in salary of two percent (2%) per hour, each year on April 1, 2016, April 1,
2017, and April 1, 2018; all to be paid retroactively.
d) The elimination of step four of the employee grievance procedure, whereas, should after
the third step conference between the parties not result in resolution, both parties shall
agree to refer the matter to a mutually agreed upon Arbitrator.
e) An increase in the probationary period for newly hired officers to eighteen (18) months.
Management’s primary goal in proposing this CBA modification is to achieve fiscal
continuity with other employee groups while continuing to provide fair wage and benefit levels to
our Employees. Additionally, a mutually agreed upon extension to the expired contract will insure
that RIOC management will continue to effectively and efficiently manage the workforce.
It is for these reasons that it is recommended that the proposed modification to the expired
Collective Bargaining Agreement between RIOC and RIPSOBA be adopted by the Board of
Directors.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki

Agenda Item V, 8. April 18, 2018

PROPOSED RESOLUTION

RATIFICATION OF THE AMENDMENT OF CONTRACT WITH NEW YORK STATE


INDUSTRIES FOR THE DISABLED, INC. FOR CLEANING SERVICES AT RIOC’S
FACILITIES
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that the amendment of contract with New York State Industries for the
Disabled, Inc. for the cleaning services at RIOC’s facilities, upon such terms
and conditions substantially similar to those outlined in the Memorandum
from Mary C. Cunneen to RIOC Board of Directors/Susan G. Rosenthal,
dated April 10, 2018, attached hereto, is hereby ratified;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
ANDREW M. CUOMO BOARD OF DIRECTORS
Governor RuthAnne Visnauskas, Chair, Commissioner of NYSHCR
Robert F. Mujica Jr., Director of BUDGET
SUSAN G. ROSENTHAL Fay Fryer Christian
President & CEO David Kraut
Howard Polivy
Michael Shinozaki
MEMO

TO: RIOC Board of Directors/Susan G. Rosenthal


FROM: Mary C. Cunneen – Director of Parks & Recreation
DATE: April 10, 2018
RE: Custodial Services

Background:
In an effort to maintain the cleanliness and upkeep of RIOC’s facilities, we have opted to utilize
an external cleaning company. The areas that are designated to be cleaned are the Cultural Center,
Bus Garage, Sportspark and Youth Center. Cleaning services for these facilities are to include:
Bathroom maintenance; Trash removal; Restocking of paper and soap products; Dusting, mopping,
and vacuuming.

Request:
New York State Industries for the Disabled (“NYSID”), a preferred source, submitted a proposal.
As a preferred source, NYSID obviates the competitive procurement process detailed on Article
XI, Section 162 of State Finance Law. NYSID’s proposal to accommodate the four
aforementioned facilities is detailed as follows:

RIOC Cultural Center (548) General Cleaning $51,308.51 (annually)


RIOC Bus Garage W/H (684) General
Cleaning $51,186.90 (annually)
RIOC Sportspark (250) General Cleaning $51,186.90 (annually)
RIOC Youth Center (506) General Cleaning $45,001.81 (annually)
Grand Total All Four Sites $198,685.12 (annually)

Recommendation and approval:


I, therefore, recommend that we enter into contract with NYSID for the cleaning services of RIOC
facilities at a cost not-to-exceed the amount of $198,685.12 for one year with the option to renew
for two additional one year terms.

591 Main Street, Roosevelt Island NY 10044 T: (212) 832-4540 F: (212) 832-4582 rioc.ny.gov information@rioc.ny.gov
Agenda Item V, 9. April 18, 2018

PROPOSED RESOLUTION

AUTHORIZATION TO TAKE CERTAIN ACTIONS TO ASSUME THE RESPONSIBILITY


FOR THE FDR HOPE MEMORIAL PROJECT EXECUTION
WITHIN THE SOUTHPOINT OPEN SPACE AREA
______________________________________________________________________________

RESOLVED by the Board of Directors of the Roosevelt Island Operating Corporation of the State
of New York (“RIOC”), as follows:

Section 1. that RIOC is hereby authorized to take certain actions to assume the
responsibility for the FDR Hope Memorial Project execution within the
Southpoint Open Space area, upon such terms and conditions substantially
similar to those outlined in the Memorandum from Susan G. Rosenthal to
RIOC Board of Directors dated April 10, 2018, attached hereto;

Section 2. that the President/Chief Executive Officer or her designee is hereby


authorized to take such actions and execute such instruments as she deems
necessary to effectuate the foregoing; and

Section 3. that this resolution shall take effect immediately.


HOPE MEMORIAL PROJECT

ORIGIN OF THE PROJECT

In 2010, as the Franklin & Eleanor Roosevelt Institute (FERI) sought approval from RIOC to build
FDR Four Freedoms Park (FFP), the Roosevelt Island Disabled Association (RIDA), led by “Uncle
Jim” Bates and Nancy Brown, protested the lack of representation of FDR as disabled in the
park’s design.

In response, FERI pledged $100,000 toward a sculpture project sponsored by RIDA that would
portray FDR in his wheelchair at a site nearby to be determined. At the May 2010 meeting of
the Board of Directors, RIOC approved the siting of the FDR Hope Memorial at a location in
Southpoint Park just north of the Small Pox Hospital.

Jim Bates formed a committee, composed of people within and outside RIDA, which hired artist
Meredith Bergmann following a competitive selection process that included input from the
Percent for Art office of the NYC Department of Cultural Affairs. Following a period of extensive
research, the two-person scene was conceived and modeled by Ms. Bergmann and the plaza
was designed.

The sculpture depicts a joyous moment when FDR has turned to greet a young girl who, like
FDR, requires leg braces to walk. She has tucked her crutches under one arm in anticipation of
shaking hands with the president, who we know must be an extraordinary role model for her.

REVIEWS AND APPROVALS

The committee approved the design at several stages.

The phased distribution of pledged funds from FFP Conservancy was dependent on the
Conservancy’s approvals through design phases. Following a viewing of the full-scale clay
figures in the artist’s studio by a representative of the Conservancy and Mrs. Franklin D.
Roosevelt Jr., a daughter-in-law of President Roosevelt, the Conservancy released the last stage
of its funding.

Historians reviewed and suggested revisions to the timeline. These historians included the
director, archivist, and museum curator of the Franklin D. Roosevelt Presidential Library &
Museum; the archivist of Roosevelt Warm Springs; and the president of the Roosevelt Island
Historical Society.

The project was presented to the community as a small-scale model at RIVAA Gallery. A full-
scale mock-up of the sculpture at the site was reviewed by the committee.

The project received unanimous approval of NYC Community Board 8.

Page 1 of 4
HOPE MEMORIAL PROJECT

The project has been continually reviewed by NYC Parks, which sponsored a courtesy review by
the NYC Public Design Commission (PDC), which recommended review by the Mayor’s Office for
People With Disabilities (MOPD). Design changes include the following:

• The slope up to the sculpture will be regraded even more gently than RIDA’s original
proposal, which brought the slope within ADA standards. The slope will be easy to navigate
by people in wheelchairs and will exceed ADA requirements.

• There will be a 24”-wide tactile guidepath along the granite approach — from the entry of
the site to the oval — that will guide people with visual impairments who are not
accompanied by a sighted person and use a white cane for travel.

• A curb, along with subtle sloping and tactile ridges at the sculpture, will alert people with
visual disabilities but not impede access by people in wheelchairs and people with walkers.

• Some sides of benches will not have arms in order to allow people with certain physical
disabilities to slide or transfer onto the benches. Other sides of benches will include arms as
support for people as they seat themselves. All benches will have backs.

These features represent best practices and exceed accommodations at current Parks-
sponsored sculptures, allowing the FDR Hope Memorial to be a model that Parks and MOPD
will refer to with pride.

The latest design changes will be reviewed once more by Parks and MOPD, and possibly again
by the PDC. Only minor revisions, if any, are expected. The project is expected to be required to
have a Waterfront Permit from NYC Small Business Services. A pre-filing meeting has been
scheduled.

SCULPTURES COMPLETE

The figures are complete, having been cast in bronze by Polich Tallex foundry in Orange County,
NY. The figures are currently stored at the foundry.

(FDR’s desk, which had originally been included in the composition, was removed for several
reasons, including a preference for a greater focus on the interaction of the two figures. In its
place, the timeline provides a more effective way to satisfy the committee’s goal to describe
the History and Vision.)

RIOC OWNERSHIP UPON COMPLETION

Prior to installment, the sculptures will be gifted by RIDA to RIOC.

Page 2 of 4
HOPE MEMORIAL PROJECT

RIOC, RIDA, and the artist will share intellectual property rights.

MT. AIRY WHITE AND ST. JOHN’S BLACK GRANITE

The granite that forms the oval and the timeline pieces is Mt. Airy White granite from North
Carolina Granite. The surrounding stone is St. John’s Black granite from the same quarry. The
selection was made by the artist and committee after reviewing samples of granites from
numerous quarries and receiving price quotes from two quarries.

Mt. Airy White is the same granite as at Four Freedoms Park. North Carolina Granite is the only
source of this stone. The use of the same stone at both FFP and the FDR Hope Memorial is
intended to acknowledge a relationship between the two memorials and imply that the
extraordinary accomplishments of FDR, which are celebrated at FFP, must be seen in the
context of the challenges that FDR faced, which are honored at the FDR Hope Memorial.

In addition to the use of the same material, the pattern in which the stone is laid is the same at
both memorials. Both sites feature a running bond pattern using square pavers. The FDR Hope
Memorial’s pavers are about 20% smaller in area, appropriate to the smaller scale of the space
in which they lie.

Efficiencies of coordination and consistency are afforded by sourcing both stones from the
same quarry. Importantly, it gives the best opportunity for the curving joint between the two
types of stone at the edge of the oval to be a consistent width.

MAJOR FUNDING TO DATE

$ 100,000 FFP Conservancy


$ 150,000 Alice Heyman, Upper East Side resident

Allocation:
$ 150,000 NYC Council

The NYC Council funds are subject to a funding agreement between RIOC and the City, now in
negotiation, and will be disbursed as reimbursements for pre-approved construction expenses.

MAJOR EXPENSES TO DATE

$ 29,700 Sculpture House Casting: rubber mold


$ 77,500 Polich Tallix: bronze casting
$ 90,000 Artist fee (portion billed and paid)

Page 3 of 4
HOPE MEMORIAL PROJECT

In 2017, RIDA redesigned the plaza to substantially reduce costs and bring the construction
budget close to available funding. At a review in late December, Parks and MOPD effectively
rejected most of the changes, expressing a strong preference for the original design with full
coverage of the site in granite and the timeline in its original form.

PENDING COSTS

$ 193,147 Stone Fabrication


$ 235,349 Construction

$ 7,100 Soft construction costs, to be covered by RIDA’s balance of funds


$ 29,904 Expenses, to be covered by RIDA’s balance of funds

AUTHORIZATIONS REQUESTED

The present request is for authorization to proceed with the FDR Hope Memorial construction
as a RIOC project and to purchase fabricated stone from North Carolina Granite at an estimated
cost of $193,147.

At the upcoming June meeting of the Board, an authorization is expected to be requested of


the Board to enter into a contract with a General Contractor, following the issuance of a
Request for Proposal and an evaluation of responses. The estimated cost of construction is
$235,349.

The outlay of RIOC funds is estimated not to exceed $428,496, the total of the two estimates
above. Pending receipt from the City of the reimbursement of $150,000 in construction costs,
RIOC’s final cost will not exceed $278,496.

The division of this authorization into the above two parts (stone fabrication and contractor
selection) is intended to reduce the project schedule by at least 10 weeks, as the 14- to 20-
week process of stone fabrication can occur concurrently with the development and issuance of
an RFP, the selection of a contractor, and the preparation of the site for stone installation.

According to this schedule, and if City vendor-contracting procedures do not substantially impact the
RFP process, construction is projected to begin in the summer and project completion is projected in the
fall of this year.

Page 4 of 4
Roosevelt Island Operating Corporation
Financial Summary
For The Twelve Months Ending March 31, 2018

Revenues:
Actual revenues for the period were -13% or $3,504,630 below budgeted revenues (Actual Revenues of $24,464,370 versus
Budgeted Revenues of $27,969,000). The shortage revenue over amount budgeted was primarily the result of the following:

Building 8 & 9 (Transaction Fee, TEP and Ground Rent) unrealized ($1,426,373)

Condo/Co-Op Additional Sales ($ 258,276)

Tramway Revenue ($1,509,730)

Net Excess/(Shortage) Revenues – All Other Revenue Sources ($ 310,251)


($3,504,630)

Expenses:
Actual_ Budgeted Variance Favorable %
Personal Expenses $ 12,522,916 $ 13,390,977 $ 868,061 8%
OTPS (Other Than Personal) $ 10,743,051 $ 11,245,272 $ 502,221 4%
Total Expenses Before Depreciation $ 23,265,967 $ 24,636,249 $ 1,370,282 6%

Operating Net Income/ Deficit:


Actual net income before depreciation was 64%, or $2,134,348 below budgeted income before depreciation (Actual income
before depreciation of $1,198,403 versus budgeted net income before depreciation of $3,332,751).

Actual net lost after depreciation was 276%, or $1,814,522 below budgeted income after depreciation (Actual net lost after
depreciation $2,742,877 versus Budgeted net lost after depreciation of $658,355).
The Roosevelt Island Operating Corporation (RIOC)
Balance Sheet - As of March 31, 2018

Special Capital
General Fund Revenue Fund Project Fund Reserved Fund Total Funds

Assets
Cash $3,654,785 $18,426 $683,418 $4,356,629
Investments $10,331,783 $256,853 $53,055,252 $63,643,888
Accounts Receivable $528,991 $528,991
Capital Assets Net $77,654,997 $77,654,997
Other Assets $1,721,302 $22,750 $1,744,052
Deferred Outflows of Resources $1,122,734 $1,122,734
Total Assets $17,359,595 $18,426 $78,595,269 $53,078,002 $149,051,292
Liabilities & Fund Balance
Liabilities :
Total Accounts Payable & Accrued Expenses $2,489,467 $33,150 $770,023 $3,292,641
Deferred Revenue $367,012 $14,680,465 $21,653,686 $36,701,163
Compensated Absences $733,812 $733,812
Other Post Employment Benefit $5,158,666 $5,158,666
Due to Other Funds $0
Net Pension Liability $1,137,738 $1,137,738
Other Liabilities $0 $0
Deferred Inflows of Resources $212,731 $212,731
Total Liabilities $10,099,427 $33,150 $15,450,489 $21,653,686 $47,236,752

Net Assets/ Fund Balance :


Fund Balance $7,260,168 ($14,724) ($324,148) $6,921,297
Restricted for Capital Projects $63,468,928 $31,424,315 $94,893,243
Total Fund Balance $7,260,168 ($14,724) $63,144,780 $31,424,315 $101,814,540

Total Liabilities & Fund Balance $17,359,595 $18,426 $78,595,269 $53,078,002 $149,051,292

BEGINNING BALANCE WITH CURRENT YEAR ADJUSTMENTS $7,268,775 $296,733 $65,731,145 $30,990,763 104,287,417

NET SURPLUS/(DEFICIT) ($8,607) ($311,457) ($2,586,365) $433,552 ($2,472,877)

ENDING NET ASSETS $7,260,168 ($14,724) $63,144,780 $31,424,315 101,814,540


The Roosevelt Island Operating Corporation (RIOC)
Income Statement - For The Twelve Months Ending 3/31/18

Total Fund 01 Fund 01 Fund 01 Fund 01 Fund 01 Fund 01 Fund 01 Fund 02 Fund 03 Fund 04 Total
Gen. Fund Operations Public Safety Bus Parking Parks/Rec. Tram Pub. Purpose Cap. Fund Resvd Cap All Funds

Revenue
Residential Fees Revenue $573,235 $573,235 $0 $0 $0 $0 $0 $0 $710,522 $313,446 $1,597,203
Ground rent $10,850,705 $10,850,705 $0 $0 $0 $0 $0 $0 $400,000 $0 $11,250,705
Commercial Rent $1,616,027 $1,616,027 $0 $0 $0 $0 $0 $0 $0 $0 $1,616,027
Tramway Revenue $4,205,271 $0 $0 $0 $0 $0 $4,205,271 $0 $0 $0 $4,205,271
Public Safety Reimbursement $1,971,791 $0 $1,971,791 $0 $0 $0 $0 $0 $0 $0 $1,971,791
Transport/ Parking Revenue $2,543,302 $0 $0 $122,915 $2,420,387 $0 $0 $0 $0 $0 $2,543,302
Interest Income $39,272 $39,272 $0 $0 $0 $0 $0 $0 $3,777 $120,106 $163,154
Unrealized Gain (Loss) $0 $0 $0 $0 $0 $0 $0 $0 ($29,384) $0 ($29,384)
Other Revenue $1,146,302 $384,808 $0 $0 $0 $761,493 $0 $0 $0 $0 $1,146,302
Total Revenue $22,945,903 $13,464,046 $1,971,791 $122,915 $2,420,387 $761,493 $4,205,271 $0 $1,084,915 $433,552 $24,464,370
Expenses
Personal Services (PS) :
Salaries $7,953,658 $4,058,068 $2,180,874 $947,714 $0 $767,002 $0 $0 $0 $0 $7,953,658
Temporary Employees $138,517 $120,614 $0 $0 $0 $17,903 $0 $0 $0 $0 $138,517
Employee Benefits $4,346,930 $2,795,953 $903,581 $351,477 $0 $295,919 $0 $0 $0 $0 $4,346,930
Compensated Absences Expenses $83,811 $83,811 $0 $0 $0 $0 $0 $0 $0 $0 $83,811
Total Personal Services (PS) $12,522,916 $7,058,446 $3,084,455 $1,299,191 $0 $1,080,824 $0 $0 $0 $0 $12,522,916
Other Than Personal Services (OTPS) :
Insurance $1,851,010 $1,668,377 $0 $0 $0 $0 $182,633 $0 $0 $0 $1,851,010
Professional Services $774,627 $649,724 $0 $0 $0 $124,353 $550 $0 $0 $0 $774,627
Management Fees $4,991,085 $0 $0 $0 $843,043 $0 $4,148,042 $0 $0 $0 $4,991,085
Legal Services $448,694 $448,694 $0 $0 $0 $0 $0 $0 $0 $0 $448,694
Telecommunications $137,156 $137,156 $0 $0 $0 $0 $0 $0 $0 $0 $137,156
Rent $139,694 $139,694 $0 $0 $0 $0 $0 $0 $0 $0 $139,694
Repairs & Maintenance $369,582 $310,911 $3,668 $16,991 $8,571 $36,880 ($7,440) $0 $0 $0 $369,582
Vehicles Maintenance $246,305 $58,105 $9,899 $178,276 $0 $25 $0 $0 $0 $0 $246,305
Equipment Purchases/ Lease $162,442 $150,141 $662 $7,562 $0 $3,279 $798 $0 $0 $0 $162,442
Supplies/ Services $1,090,289 $538,913 $50,839 $81,821 $46,799 $210,383 $161,534 $0 $0 $0 $1,090,289
Other Expenses $220,710 $108,938 $9,338 $3,275 $0 $99,158 $0 $311,457 $0 $0 $532,167
Total Other Than Personal Services (OTPS) $10,431,594 $4,210,653 $74,406 $287,926 $898,414 $474,078 $4,486,117 $311,457 $0 $0 $10,743,051
Total Expenses - Before Depreciation $22,954,510 $11,269,100 $3,158,860 $1,587,117 $898,414 $1,554,902 $4,486,117 $311,457 $0 $0 $23,265,967
NET SURPLUS/(DEFICIT) - Before Depreciation ($8,607) $2,194,946 ($1,187,070) ($1,464,201) $1,521,973 ($793,409) ($280,847) ($311,457) $1,084,915 $433,552 $1,198,403
Depreciation Expenses $0 $0 $0 $0 $0 $0 $0 $0 $3,671,280 $0 $3,671,280
NET SURPLUS/(DEFICIT) - After Depreciation ($8,607) $2,194,946 ($1,187,070) ($1,464,201) $1,521,973 ($793,409) ($280,847) ($311,457) ($2,586,365) $433,552 ($2,472,877)
4/11/2018 3:41 PM

The Roosevelt Island Operating Corporation (RIOC)


UNAUDITED CAPITAL IMPROVEMENTS 2017/2018
For the Twelve Months Ending March 31, 2018

Approved Budget FY Projected Actual FY Approved Budget FY Projected Actual FY Expenditures as of Mar.
2017 2017 Actual FY 2017 Balance 3/31/17 2018 2018 2018, 2018

1 Sports Fields/Parks 834,000 200,000 84,322 749,678 500,000 662,000 176,686


504 Main Street Children's Reading Park 300,000 300,000 50,000 25,000
Blackwell Park - Basketball Courts Resurfacing & Lighting 60,000 60,000 337,000
Capobianco Outdoor Basketball Court Floor 0 109,000
Islandwide Playground Equipment 50,000 14,183 (14,183) 200,000 50,000
Octagon Park - Field Renovation & Comfort Station Rehab 60,000 60,000 50,000 67,686
Octagon - Tennis Court Lighting 7,139 (7,139)
Southpoint Park - Upgrades/Landscaping 50,000 63,000 (13,000) 100,000 50,000
Miscellaneous Upgrades & Improvements - Reserve 364,000 150,000 364,000 150,000 150,000
2 Historic & Landmark Structures 232,000 461,000 179,402 52,598 1,800,000 1,350,000 451,566
Blackwell House - Exterior Renovation 33,000 33,000
Blackwell House Renovation (interior and porch) 212,000 59,514 (59,514) 900,000 1,200,000 451,566
Good Shepherd - Alarm System 92,588 (92,588)
Renwick Ruins - Interim and Long-Term Stabilization 199,000 50,000 27,300 171,700 650,000 50,000
Miscellaneous Upgrades & Improvements - Reserve 199,000 0 250,000 100,000
3 Infrastructure Improvements 15,763,000 2,203,000 211,668 15,551,332 11,315,000 5,775,000 602,156
36 Avenue Bridge Helix 200,000 106,231 (106,231) 300,000 3,000,000 120,113
Bike Ramp 100,000 7,570 (7,570) 400,000 50,000
Blackwell Park Plaza & Fountains 1,000,000 250,000 1,000,000 1,500,000
Blue Dragon - Excavation & Install Concrete Base 30,500 (30,500)
Eastern Pier (Ferry Landing) 50,000 0 100,000
Good Shepherd - Land & Streetscape 50,000 0
Islandwide Road Improvements - Reserve 210,000 250,000 210,000 250,000 68,074
Islandwide Sidewalk Replacement, Crosswalks 200,000 0 200,000
Islandwide Z Brick Replacement - Reserve 100,000 300,000 100,000 100,000
Seawall - Railings Replacement and Reserve 2,000,000 150,000 42,960 1,957,040 5,000,000 1,900,000 411,092
Seawall - Southpoint Open Space Park 10,000,000 100,000 10,000,000 2,000,000 500,000
Seawall - Reserve 100,000 0 1,000,000
Site Amenities - Benches, Waste Receptacles - Res. 87,000 87,000 87,000 90,000 200,000
Utilities Infrastructure Improvements - Reserve 122,000 122,000 122,000 125,000 125,000
Water Fountain 2,877
West Drive Re-Paving 2,000,000 24,407 1,975,593
Sewer Upgrades - Reserve 244,000 244,000 244,000 250,000
4 Facilities & Offices 7,062,000 8,415,000 6,427,774 634,226 11,795,000 2,417,000 1,917,284
591 Main Street - Install Carpet 34,361 (34,361)
AVAC - General Repair Reserve 500,000 150,583 (150,583) 500,000 500,000 75,934
AVAC - Improvements 50,000 0 250,000 100,000
AVAC - Interior Painting 300,000 300,000
AVAC - Mechanical/Piping - Reserve 244,000 244,000
Cultural Center - Interior Renovation 48,000 (48,000)
Cultural Center - HVAC Compressor Replacement 9,360 (9,360)
Cultural Center - Mold Remediation Assess Phase 1 0 17,000
Motorgate - Garage - Reserve 232,000 250,000 3,123 228,877 250,000
Motorgate - Electrical Vault Waterproofing 19,750
Motorgate Garage South - Restoration 0 7,000,000 10,000 6,056
Roosevelt Island Youth Center - Asbestos Inspection 2,180 (2,180)
SportsPark - Boiler Replacement 1,300,000 1,254,176 (1,254,176) 49,967
Sportspark - Concrete Restoration and Reconstruction 410,000 410,000
Sportspark - Electric 1,800,000 1,800,000 7,753
Sportspark - Façade Repointing/Repair / Roof 1,500,000 3,700,000 3,632,923 (2,132,923) 296,402
Sportspark - General Refurbishment 0 500,000 100,000
- Sportspark - Install Carpet 9,143
- Sportspark - Replace Ejector Sewer Pumps/Piping 20,553
Sportspark - HVAC 1,500,000 200,000 13,830 1,486,170 500,000 76,000 111,474
Sportspark - LED Fixtures 147,320
Sportspark - Locker Rooms/Bathrooms/Cellings/Floors 0 1,000,000
Sportspark - Pool & Façade Repair 250,000 215,889 (215,889) 32,000
Sportspark - Replace Windows and Doors 845,000 845,000 850,000
Sportspark - Rehabilitation Reserve 116,000 500,000 116,000 525,000 11,000
- Access Control System Upgrade 26,979
- Replace Flushometers & New Fixtures 7,173
Warehouse/Bus Garage Rehabilitation 1,500,000 1,063,349 (1,063,349) 1,250,000 979,023
Youth Center Refurbishment 50,000 0 300,000 300,000 95,092
Miscellaneous Facilities & Offices - Reserve 115,000 115,000 115,000 120,000 38,000
- Public Safety Office - Boiler Replacement 0 21,313
- Sportspark - Lobby-Lounge Couch (3) 9,784
- 591 Main Street Office Furniture (Chairs) 16,568
0
5 Equipment & Vehicles 2,556,000 2,406,000 1,162,075 1,393,925 1,799,000 1,689,000 860,982
Admin - (2) GEMs 25,000 25,000 25,000
Bus - Hybrid Buses 1,050,000 950,000 850,000 200,000 997,000 900,000
Bus - Rotary/Garage Lift 30,000 30,000 30,000
Engineering - Ford Escape 25,000 25,000 25,000
Engineering - HP DJ T2530 Plotter Printer 0 8,500
Ground - 20 BBQ Grills 9,000 9,430
Grounds - Benches (20) 24,350 (24,350) 9,228
Grounds - Ford F150 (2) 50,000 50,000 50,000 58,695
Grounds - Graco Linelazer/ Line Stripper Machine 6,675 (6,675)
Grounds - Lawn Mower 25,000 25,000 25,000 50,618
Grounds - Personal One Man Lift 7,982 (7,982)
IT - Auto-Cad Design Software (Engineering ) 12,608 (12,608)
IT - 10 CCTV Cameras & 3 Door Intercom Units (Spk & CC) 12,906
IT - Auto Dome S. Camera (Motorgate & S. Point Pk) 84,184
IT - CPU & Monitor (Workstations) 20,000 20,000 11,325 8,675 20,000 17,000 17,129
IT - Disaster Recovery (on/offsite data storage) 150,000 150,000 150,000 75,000 150,000
IT - Firewall (Sonicwall & Implementation Prof Services) 10,000 10,000 10,000 10,000

Page 8
4/11/2018 3:41 PM

The Roosevelt Island Operating Corporation (RIOC)


UNAUDITED CAPITAL IMPROVEMENTS 2017/2018
For the Twelve Months Ending March 31, 2018

Approved Budget FY Projected Actual FY Approved Budget FY Projected Actual FY Expenditures as of Mar.
2017 2017 Actual FY 2017 Balance 3/31/17 2018 2018 2018, 2018

IT - Inventor System Upgrade 120,000 120,000 7,624 112,376 15,000


IT - Lap Top (6) 8,362
IT - Multi-Function Units (Copier/Printer/Fax/Scanner) 50,000 50,000 50,000
IT - Plotter (Engineering ) 5,000 5,000 5,000 30,000 30,000 37,920
IT - Replication Backup Applicance at 2nd Site 13,392
IT - Security (access control - Camera) 100,000 100,000 101,859 (1,859) 50,000 100,000 5,248
IT - Security (access control - Swipe Cards) 150,000 150,000 61,690 88,310 150,000
IT - Servers Infrastructure 15,000 15,000 18,096 (3,096) 100,000
IT - Software Upgrades 60,000 60,000 60,000 60,000 60,000
IT - Storage System (Hardware) 10,000 10,000 10,000 10,000 60,000
IT - Telecom (Cables/Fiber to Connect to Data Center) 100,000 100,000 100,000 100,000 14,000 14,522
IT - Telecommunication (New Phone System) 200,000 200,000 200,000 90,000 86,747
IT - Upgrade of Network Switches & Hubs 30,000 30,000 11,122 18,878 100,000 150,000 16,588
IT - Website Redesign 100,000 100,000 100,000 20,000 50,000 29,011
IT - Wireless Access Point 10,000 10,000 10,000 3,000
Motorpool - Aerial Truck Lift 35,000 35,000 35,000
Outdoor Fitness 5,000 5,000
Parking Meter at Cornell Site 117,360
P.S. - Bicycles 8,000 8,000 8,000
P.S. - Cannondale Quick 5 Disc Black (11) 7,150 (7,150)
P.S. - Gems (2) 12,000 12,000 12,000
P.S. - Radios 10,000 10,000 11,184 (1,184)
P.S. - Solar Radar Signs with Data Software 0 13,406
P.S. - Vehicles 50,000 50,000 24,638 25,362 21,773
Sportspark - Outdoor Athletic Field Signage 0 34,045
Sportspark - Starting Block 20,000 20,000
Sportspark - Vehicle 25,000 25,000 21,773
Warehouse - File Cabinets 11,679
Misc. Reserve 56,000 56,000 5,772 50,228 59,000 59,000
- ADA Pool Chair Lift w/Armrest 5,336
- AVAC - Modine Heater 12,694
- CASPAX Restoration Drinking Fountains 32,640
- Ground - 20 Trash Receptacles 21,437
- Ground - Rmoval & Install New Bench & Picnic Tables 32,384
- Lamp Post Banner Arms/Seasonal Promo 5,920
- Parking Meters (13) 13,000
- Picnic Tables & Seats (10) 44,665
- Sportspark - Cleaning Machine 10,390
0
6 Special Projects 355,000 0 8,110 346,890 150,000 150,000 0
P.S. - Island Wireless Security Camera System 300,000 8,110 291,890 150,000 150,000
Other - Special Projects 55,000 55,000
7 Lighting & Signage 56,000 56,000 0 56,000 60,000 60,000 0
Street Light Replacement & Signage - Reserve 56,000 56,000 56,000 60,000 60,000
8 Tram 2,500,000 1,750,000 1,328,652 1,171,348 6,025,000 3,360,000 1,996,775
Tram Modernization 0
Tram - Additional ADA-compliant Elevator at Manhattan 1,250,000 500,000 34,947 1,215,053
Tram - Elevator Manhattan Station 0 2,000,000 500,000 54,221
Tram - Elevator Design (move to compliant elevator at manhattan) 220,807
Tram - Facilities 700,000 13,633 686,367 50,000
Tram - Long Term Overhaul Projects 0 110,000
Tram - Platforms Roosevelt Island, Manhattan 0 3,500,000 2,600,000 1,701,070
Tram - Replace Roof on the Manhattan Station 750,000 779,258 (779,258)
Tram Capital Reserve 550,000 500,000 500,814 49,186 525,000 100,000 0
- New "Roll Up" Door-Gate at Manhattan Side 5,968
- PW Roll Gate Electric at Manhattan Side 14,709

9 Southpoint Park 221,000 0 0 221,000 0 7,000 7,000


Southpoint Park - Community Plan Facilitator 7,000
RESERVE 221,000 221,000 7,000
10 Miscellaneous 607,000 500,000 0 607,000 525,000 0 0
Reserve 607,000 500,000 607,000 525,000
-
TOTAL CAPITAL IMPROVEMENTS 30,186,000 15,991,000 9,402,003 20,783,997 33,969,000 15,470,000 6,012,449

Reserve 9,779,000 3,250,000


12,220,000

Page 9
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

Revenue
Residential Fees Revenue
01-40122-5000 TRANSACTION FEES $0 $45,000 ($45,000) -100%
01-40123-5000 TEP $567,922 $1,076,000 ($508,078) -47%
01-40401-5000 NET PRESENT VALUE - Operating $5,313 $5,000 $313 6%
03-40122-5000 TRANSACTION FEES $391,293 $0 $391,293 0%
03-40400-5000 CONDO / CO-OP ADDITIONAL SALES $106,724 $365,000 ($258,276) -71%
03-40401-5000 NET PRESENT VALUE - Capital $212,506 $213,000 ($494) 0%
04-40401-5000 NET PRESENT VALUE - Capital Reserved $313,446 $313,000 $446 0%
Total $1,597,203 $2,017,000 ($419,797) -21%

Ground rent
01-40090-5000 GROUND RENT $10,850,705 $11,724,000 ($873,295) -7%
03-40141-5000 LAND TRANSFER FEE - CORNELL $400,000 $400,000 $0 0%
Total $11,250,705 $12,124,000 ($873,295) -7%

Commercial Rent
01-40208-4000 COMMERCIAL RENT $1,616,027 $1,615,000 $1,027 0%
Total Commercial Rent $1,616,027 $1,615,000 $1,027 0%

Tramway Revenue
01-40020-2900 TRAMWAY REVENUE $4,054,583 $5,538,640 ($1,484,058) -27%
01-40021-2900 TRAMWAY REDUCED FARE REIMBURSEMENT $150,688 $176,360 ($25,672) -15%
Total Tramway Revenue $4,205,271 $5,715,000 ($1,509,730) -26%

Public Safety Reimbursement


01-40080-2100 PUBLIC SAFETY REIMBURSEMENT $1,971,791 $1,958,000 $13,791 1%
Total Public Safety Reimbursement $1,971,791 $1,958,000 $13,791 1%

Transport/ Parking Revenue


01-40000-5000 MAIN STREET PARKING $338,758 $345,000 ($6,242) -2%
01-40010-5000 BUS REVENUE - Octagon $122,915 $123,000 ($85) 0%
01-40030-6000 MOTORGATE $2,081,629 $2,177,000 ($95,371) -4%
Total $2,543,302 $2,645,000 ($101,698) -4%

Interest Income
01-40050-0000 INTEREST INCOME - Operating $39,272 $9,000 $30,272 336%
03-40050-0000 INTEREST INCOME - Capital $3,777 $9,000 ($5,223) -58%
04-40050-0000 INTEREST INCOME - Capital Reserved $120,106 $88,000 $32,106 36%
Total Interest Income $163,154 $106,000 $57,154 54%

Unrealized Gain (Loss)


03-40051-0000 UNREALIZED GAIN (LOSS) - Capital ($29,384) $0 ($29,384) 0%
Total Unrealized Gain (Loss) ($29,384) $0 ($29,384) 0%

Other Revenue
01-40060-2310 FILMING $114,574 $103,000 $11,574 11%
01-40100-2310 SPECIAL EVENTS PERMITS $350 $24,000 ($23,650) -99%
01-40200-2310 SPORTS FIELD RENTAL $396,591 $541,000 ($144,409) -27%
01-40203-3400 SPORTSPARK $250,034 $283,000 ($32,966) -12%
01-40205-5000 PERMIT REVENUES $153,282 $270,000 ($116,718) -43%
01-40206-3000 TENNIS FEE ($55) $28,000 ($28,055) -100%
01-40212-1500 TELEPHONE COMMISSION $203,113 $202,000 $1,113 1%
01-40300-1000 MISCELLANEOUS REVENUE $28,414 $88,000 ($59,586) -68%
02-40411-0000 CONTRIBUTED RENTAL INCOME - PP $0 $250,000 ($250,000) -100%
Total Other Revenue $1,146,302 $1,789,000 ($642,698) -36%

Total Revenue $24,464,370 $27,969,000 ($3,504,630) -13%


Expenses
Personal Services (PS) :
Salaries

Page 1
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60010-1050 SALARIES - Administrative Services $66,721 $220,054 $153,333 70%


01-60010-1100 SALARIES - Executive $841,455 $835,106 ($6,349) -1%
01-60010-1300 SALARIES - Finance $693,817 $672,916 ($20,901) -3%
01-60010-1400 SALARIES - Human Resources $199,522 $193,059 ($6,463) -3%
01-60010-1500 SALARIES - Information Technology $282,278 $284,087 $1,809 1%
01-60010-1600 SALARIES - Legal $259,460 $302,508 $43,048 14%
01-60010-1800 SALARIES - Community Relations $159,909 $194,800 $34,891 18%
01-60010-2050 SALARIES - Engineering $312,745 $485,072 $172,327 36%
01-60010-2100 SALARIES - Public Safety $1,954,558 $2,180,333 $225,775 10%
01-60010-2210 SALARIES - Grounds $646,604 $686,259 $39,655 6%
01-60010-2220 SALARIES - Maintenance $376,390 $458,311 $81,921 18%
01-60010-2230 SALARIES - Warehouse $48,959 $99,810 $50,851 51%
01-60010-2240 SALARIES - Bus Operations $889,852 $977,357 $87,505 9%
01-60010-2250 SALARIES - Motor Pool $232,690 $245,291 $12,601 5%
01-60010-2300 SALARIES - Parks & Recreations $86,404 $0 ($86,404) 0%
01-60010-2310 SALARIES - Permits & Film $157,856 $133,359 ($24,497) -18%
01-60010-3400 SALARIES - Sportspark $351,046 $361,155 $10,109 3%
01-60010-3500 SALARIES - Youth Center $9,277 $0 ($9,277) 0%
Total Salaries $7,569,544 $8,329,477 $759,933 9%

Salaries OT
01-60030-1300 SALARIES HOURLY OT - Finance $1,158 $5,000 $3,842 77%
01-60030-1500 SALARIES HOURLY OT - Information Technology $379 $2,000 $1,621 81%
01-60030-1800 SALARIES HOURLY OT - Community Relations $7,483 $3,000 ($4,483) -149%
01-60030-2050 SALARIES HOURLY OT - Engineering $2,852 $7,000 $4,148 59%
01-60030-2100 SALARIES HOURLY OT - Public Safety $226,316 $142,000 ($84,316) -59%
01-60030-2210 SALARIES HOURLY OT - Grounds $30,869 $29,000 ($1,869) -6%
01-60030-2220 SALARIES HOURLY OT - Maintenance $45,147 $58,000 $12,853 22%
01-60030-2230 SALARIES HOURLY OT - Warehouse $1,275 $2,000 $725 36%
01-60030-2240 SALARIES HOURLY OT - Bus Operations $57,862 $85,000 $27,138 32%
01-60030-2250 SALARIES HOURLY OT - Motor Pool $5,960 $6,000 $40 1%
01-60030-2300 SALARIES HOURLY OT - Parks & Recreations $925 $0 ($925) 0%
01-60030-2310 SALARIES HOURLY OT - Permits & Film $87 $4,000 $3,913 98%
01-60030-3400 SALARIES HOURLY OT - Sportspark $3,292 $0 ($3,292) 0%
01-60030-3500 SALARIES HOURLY OT - Youth Center $510 $0 ($510) 0%
Total Salaries OT $384,114 $343,000 ($41,114) -12%

Temporary Employees
01-60100-1000 TEMPORARY EMPLOYEE - Administrative $0 $10,000 $10,000 100%
01-60100-1050 TEMPORARY EMPLOYEE - Administrative Services $0 $1,000 $1,000 100%
01-60100-1800 TEMPORARY EMPLOYEE - Community Relations $7,346 $0 ($7,346) 0%
01-60100-2050 TEMPORARY EMPLOYEE - Engineering $7,305 $12,000 $4,695 39%
01-60100-2210 TEMPORARY EMPLOYEE - Grounds $45,083 $77,000 $31,918 41%
01-60100-2220 TEMPORARY EMPLOYEE - Maintenance $35,032 $40,000 $4,968 12%
01-60100-2230 TEMPORARY EMPLOYEE - Warehouse $15,720 $7,000 ($8,720) -125%
01-60100-2240 TEMPORARY EMPLOYEE - Bus Operations $5,550 $4,000 ($1,550) -39%
01-60100-2250 TEMPORARY EMPLOYEE - Motor Pool $6,570 $0 ($6,570) 0%
01-60100-2310 TEMPORARY EMPLOYEE - Permits & Film $5,355 $6,000 $645 11%
01-60100-3400 TEMPORARY EMPLOYEE - Sportspark $10,556 $9,000 ($1,556) -17%
Total Temporary Employees $138,517 $166,000 $27,483 17%

Workers Compensation & Disability


01-60060-0000 WORKERS COMPENSATION - General $219,539 $350,000 $130,461 37%
01-60070-1000 DISABILITY INSURANCE - Administrative $1,696 $2,391 $695 29%
Total Workers Compensation & Disability $221,235 $352,391 $131,156 37%

ER Payroll Taxes
01-60071-1000 MCTMT TAXES - Administrative ($42) $0 $42 0%
01-60071-1050 MCTMT TAXES - Administrative Services $156 $786 $630 80%
01-60071-1100 MCTMT TAXES - Executive $1,966 $2,839 $873 31%
01-60071-1300 MCTMT TAXES - Finance $1,625 $2,305 $680 30%

Page 2
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60071-1400 MCTMT TAXES - Human Resources $467 $656 $189 29%


01-60071-1500 MCTMT TAXES - Information Technology $661 $973 $312 32%
01-60071-1600 MCTMT TAXES - Legal $609 $1,029 $420 41%
01-60071-1800 MCTMT TAXES - Community Relations $411 $673 $262 39%
01-60071-2050 MCTMT TAXES - Engineering $738 $1,714 $976 57%
01-60071-2100 MCTMT TAXES - Public Safety $5,113 $7,896 $2,783 35%
01-60071-2210 MCTMT TAXES - Grounds $1,706 $2,694 $988 37%
01-60071-2220 MCTMT TAXES - Maintenance $1,068 $1,891 $823 44%
01-60071-2230 MCTMT TAXES - Warehouse $154 $370 $216 58%
01-60071-2240 MCTMT TAXES - Bus Operations $2,236 $3,626 $1,390 38%
01-60071-2250 MCTMT TAXES - Motor Pool $572 $854 $282 33%
01-60071-2300 MCTMT TAXES - Parks & Recreations $201 $0 ($201) 0%
01-60071-2310 MCTMT TAXES - Permits & Film $385 $487 $102 21%
01-60071-3400 MCTMT TAXES - Sportspark $848 $1,259 $411 33%
01-60071-3500 MCTMT TAXES - Youth Center $17 $0 ($17) 0%
01-60080-1000 ER PAYROLL TAXES - Administrative $5,487 $0 ($5,487) 0%
01-60080-1050 ER PAYROLL TAXES - Administrative Services $5,636 $18,707 $13,071 70%
01-60080-1100 ER PAYROLL TAXES - Executive $58,944 $51,123 ($7,821) -15%
01-60080-1300 ER PAYROLL TAXES - Finance $54,943 $53,998 ($945) -2%
01-60080-1400 ER PAYROLL TAXES - Human Resources $15,653 $15,244 ($409) -3%
01-60080-1500 ER PAYROLL TAXES - Information Technology $22,635 $22,598 ($37) 0%
01-60080-1600 ER PAYROLL TAXES - Legal $20,188 $23,854 $3,666 15%
01-60080-1800 ER PAYROLL TAXES - Community Relations $13,905 $15,844 $1,939 12%
01-60080-2050 ER PAYROLL TAXES - Engineering $26,894 $40,097 $13,203 33%
01-60080-2100 ER PAYROLL TAXES - Public Safety $181,878 $188,108 $6,230 3%
01-60080-2210 ER PAYROLL TAXES - Grounds $60,047 $65,691 $5,644 9%
01-60080-2220 ER PAYROLL TAXES - Maintenance $38,692 $45,618 $6,926 15%
01-60080-2230 ER PAYROLL TAXES - Warehouse $5,856 $9,002 $3,146 35%
01-60080-2240 ER PAYROLL TAXES - Bus Operations $80,110 $86,801 $6,691 8%
01-60080-2250 ER PAYROLL TAXES - Motor Pool $20,584 $20,174 ($410) -2%
01-60080-2300 ER PAYROLL TAXES - Parks & Recreations $7,403 $0 ($7,403) 0%
01-60080-2310 ER PAYROLL TAXES - Permits & Film $14,287 $11,853 ($2,434) -21%
01-60080-3400 ER PAYROLL TAXES - Sportspark $33,808 $31,428 ($2,380) -8%
01-60080-3500 ER PAYROLL TAXES - Youth Center $1,040 $0 ($1,040) 0%
Total ER Payroll Taxes $686,882 $730,192 $43,310 6%

Health Insurance
01-60090-1050 HEALTH INSURANCE - Administrative Services $22,171 $39,452 $17,281 44%
01-60090-1100 HEALTH INSURANCE - Executive $82,033 $90,858 $8,825 10%
01-60090-1300 HEALTH INSURANCE - Finance $129,364 $122,510 ($6,854) -6%
01-60090-1400 HEALTH INSURANCE - Human Resources $44,342 $43,606 ($736) -2%
01-60090-1500 HEALTH INSURANCE - Information Technology $53,181 $52,431 ($750) -1%
01-60090-1600 HEALTH INSURANCE - Legal $35,346 $39,452 $4,106 10%
01-60090-1800 HEALTH INSURANCE - Community Relations $46,300 $30,628 ($15,672) -51%
01-60090-2050 HEALTH INSURANCE - Engineering $50,913 $89,686 $38,773 43%
01-60090-2100 HEALTH INSURANCE - Public Safety $567,320 $686,822 $119,502 17%
01-60090-2210 HEALTH INSURANCE - Grounds $197,681 $204,996 $7,315 4%
01-60090-2220 HEALTH INSURANCE - Maintenance $69,321 $87,251 $17,930 21%
01-60090-2230 HEALTH INSURANCE - Warehouse $34,722 $21,803 ($12,919) -59%
01-60090-2240 HEALTH INSURANCE - Bus Operations $146,611 $231,552 $84,941 37%
01-60090-2250 HEALTH INSURANCE - Motor Pool $35,091 $44,677 $9,586 21%
01-60090-2300 HEALTH INSURANCE - Parks & Recreations $5,893 $0 ($5,893) 0%
01-60090-2310 HEALTH INSURANCE - Permits & Film $27,736 $30,628 $2,892 9%
01-60090-3400 HEALTH INSURANCE - Sportspark $62,020 $61,255 ($765) -1%
Total Health Insurance $1,610,044 $1,877,607 $267,563 14%

Dental/Vision
01-60091-1050 DENTAL/ VISION - Administrative Services $11,184 $2,468 ($8,716) -353%
01-60091-1100 DENTAL/ VISION - Executive $5,955 $4,979 ($976) -20%
01-60091-1300 DENTAL/ VISION - Finance $9,645 $8,459 ($1,186) -14%
01-60091-1400 DENTAL/ VISION - Human Resources $2,839 $2,981 $142 5%

Page 3
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60091-1500 DENTAL/ VISION - Information Technology $4,097 $3,759 ($338) -9%


01-60091-1600 DENTAL/ VISION - Legal $1,319 $1,720 $401 23%
01-60091-1800 DENTAL/ VISION - Community Relations $2,636 $3,011 $375 12%
01-60091-2050 DENTAL/ VISION - Engineering $3,401 $6,740 $3,339 50%
01-60091-2100 DENTAL/ VISION - Public Safety $35,606 $36,016 $410 1%
01-60091-2210 DENTAL/ VISION - Grounds $1,063 $1,116 $53 5%
01-60091-2220 DENTAL/ VISION - Maintenance $288 $1,116 $828 74%
01-60091-2230 DENTAL/ VISION - Warehouse $546 $2,438 $1,892 78%
01-60091-2240 DENTAL/ VISION - Bus Operations $1,860 $4,670 $2,810 60%
01-60091-2250 DENTAL/ VISION - Motor Pool $1,329 $1,116 ($213) -19%
01-60091-2300 DENTAL/ VISION - Parks & Recreations $556 $0 ($556) 0%
01-60091-2310 DENTAL/ VISION - Permits & Film $978 $1,895 $917 48%
01-60091-3400 DENTAL/ VISION - Sportspark $3,218 $3,378 $160 5%
Total Dental/Vision $86,519 $85,862 ($657) -1%

Pension
01-60092-1050 PENSION - Administrative Services $34,062 $39,830 $5,768 14%
01-60092-1100 PENSION - Executive $124,333 $151,154 $26,821 18%
01-60092-1300 PENSION - Finance $111,682 $121,798 $10,116 8%
01-60092-1400 PENSION - Human Resources $34,350 $34,944 $594 2%
01-60092-1500 PENSION - Information Technology $48,387 $51,420 $3,033 6%
01-60092-1600 PENSION - Legal $52,637 $54,754 $2,117 4%
01-60092-1800 PENSION - Community Relations $24,065 $35,259 $11,194 32%
01-60092-2050 PENSION - Engineering $38,305 $87,798 $49,493 56%
01-60092-2100 PENSION - Public Safety $98,189 $177,215 $79,026 45%
01-60092-2210 PENSION - Grounds $70,684 $83,224 $12,540 15%
01-60092-2220 PENSION - Maintenance $41,159 $48,148 $6,989 15%
01-60092-2230 PENSION - Warehouse $11,643 $18,066 $6,423 36%
01-60092-2240 PENSION - Bus Operations $106,574 $136,413 $29,839 22%
01-60092-2250 PENSION - Motor Pool $27,467 $29,056 $1,589 5%
01-60092-2310 PENSION - Permits & Film $18,093 $24,138 $6,045 25%
01-60092-3400 PENSION - Sportspark $29,096 $29,793 $697 2%
Total Pension $870,727 $1,123,010 $252,283 22%

Othet Employee Benefits


01-60093-2210 FRINGE BENEFITS ANNUITY - Grounds $7,131 $8,687 $1,556 18%
01-60094-2210 LEGAL SERVICES - Grounds $1,983 $2,223 $240 11%
01-60094-2220 LEGAL SERVICES - Maintenance $1,080 $1,080 $0 0%
01-60094-2240 LEGAL SERVICES - Bus Operations $2,130 $2,880 $750 26%
01-60094-2250 LEGAL SERVICES - Motor Pool $435 $540 $105 19%
01-60095-1000 OTHER POST EMPLOYMENT BENEFIT $803,398 $300,000 ($503,398) -168%
01-60096-1050 TERM LIFE/ LTD - Administrative Services $458 $1,592 $1,134 71%
01-60096-1100 TERM LIFE/ LTD - Executive $3,357 $3,463 $106 3%
01-60096-1300 TERM LIFE/ LTD - Finance $4,054 $4,457 $403 9%
01-60096-1400 TERM LIFE/ LTD - Human Resources $1,062 $1,127 $65 6%
01-60096-1500 TERM LIFE/ LTD - Information Technology $1,559 $1,684 $125 7%
01-60096-1600 TERM LIFE/ LTD - Legal $1,502 $1,806 $304 17%
01-60096-1800 TERM LIFE/ LTD - Community Relations $1,056 $1,440 $384 27%
01-60096-2050 TERM LIFE/ LTD - Engineering $1,781 $2,655 $874 33%
01-60096-2100 TERM LIFE/ LTD - Public Safety $15,476 $18,175 $2,699 15%
01-60096-2210 TERM LIFE/ LTD - Grounds $546 $558 $12 2%
01-60096-2220 TERM LIFE/ LTD - Maintenance $162 $527 $365 69%
01-60096-2230 TERM LIFE/ LTD - Warehouse $457 $957 $500 52%
01-60096-2240 TERM LIFE/ LTD - Bus Operations $595 $1,977 $1,382 70%
01-60096-2250 TERM LIFE/ LTD - Motor Pool $836 $564 ($272) -48%
01-60096-2300 TERM LIFE/ LTD - Parks & Recreations $575 $0 ($575) 0%
01-60096-2310 TERM LIFE/ LTD - Permits & Film $793 $1,061 $268 25%
01-60096-3400 TERM LIFE/ LTD - Sportspark $1,656 $2,005 $349 17%
01-60098-2220 SCHOLARSHIP AND EDUCATION - Maintenance $1,080 $1,240 $160 13%
01-60098-2240 SCHOLARSHIP AND EDUCATION - Bus Operations $2,130 $2,880 $750 26%
01-60098-2250 SCHOLARSHIP AND EDUCATION - Motor Pool $435 $360 ($75) -21%

Page 4
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60099-2220 SUPPLEMENTAL BENEFITS - Maintenance $4,680 $4,680 $0 0%


01-60099-2240 SUPPLEMENTAL BENEFITS - Bus Operations $9,230 $12,480 $3,250 26%
01-60099-2250 SUPPLEMENTAL BENEFITS - Motor Pool $1,885 $2,340 $455 19%
Total Othet Employee Benefits $871,522 $383,438 ($488,084) -127%

Compensated Absences Expenses


01-60050-0000 COMPENSATED ABSCENCES $83,811 $0 ($83,811) 0%
Total Compensated Absences Expenses $83,811 $0 ($83,811) 0%

Total Personal Services (PS) $12,522,916 $13,390,977 $868,061 8%

Other Than Personal Services (OTPS) :


Insurance
01-60200-1000 INSURANCE - General $1,668,377 $1,656,000 ($12,377) -1%
01-60200-2900 INSURANCE - Tramway $182,633 $175,000 ($7,633) -4%
Total Insurance $1,851,010 $1,831,000 ($20,010) -1%

Professional Services
01-60220-1000 PROFESSIONAL SERVICES - Administrative $38,140 $0 ($38,140) 0%
01-60220-1050 PROFESSIONAL SERVICES - Administrative Services $0 $1,000 $1,000 100%
01-60220-1100 PROFESSIONAL SERVICES - Executive $0 $3,000 $3,000 100%
01-60220-1300 PROFESSIONAL SERVICES - Finance $68,972 $45,000 ($23,972) -53%
01-60220-1400 PROFESSIONAL SERVICES - ADP Payroll $82,345 $75,000 ($7,345) -10%
01-60220-1500 PROFESSIONAL SERVICES - Information Technology $79,664 $20,000 ($59,664) -298%
01-60220-1700 PROFESSIONAL SERVICES - Marketing/ Advng/ PR $0 $3,000 $3,000 100%
01-60220-1800 PROFESSIONAL SERVICES - Community Relations $52,776 $0 ($52,776) 0%
01-60220-2050 PROFESSIONAL SERVICES - Engineering $259,136 $100,000 ($159,136) -159%
01-60220-2100 PROFESSIONAL SERVICES - Public Safety $0 $25,000 $25,000 100%
01-60220-2800 PROFESSIONAL SERVICES - AVAC $8,600 $1,000 ($7,600) -760%
01-60220-2900 PROFESSIONAL SERVICES - Tramway $550 $0 ($550) 0%
01-60220-3000 PROFESSIONAL SERVICES - RI Locations Points $102,904 $155,000 $52,096 34%
01-60220-3400 PROFESSIONAL SERVICES - Sportspark $56,688 $50,000 ($6,688) -13%
01-60220-3500 PROFESSIONAL SERVICES - Youth Center $4,200 $0 ($4,200) 0%
01-60220-5000 PROFESSIONAL SERVICES - PM Housing $0 $678,917 $678,917 100%
Total Professional Services $753,975 $1,156,917 $402,942 35%

Marketing / Advertisting
01-60540-1000 MARKETING/ ADVERTISING - Administrative $5,763 $1,500 ($4,263) -284%
01-60540-1800 MARKETING/ ADVERTISING - Community Relations $14,890 $24,000 $9,110 38%
Total Marketing / Advertisting $20,653 $25,500 $4,847 19%

Management Fees
01-60210-2900 MANAGEMENT FEES -Tramway $4,127,236 $3,720,000 ($407,236) -11%
01-60210-6000 MANAGEMENT FEES - Motorgate $843,043 $800,000 ($43,043) -5%
01-60310-2900 FRANCHISE FEE - Tramway $20,806 $30,000 $9,194 31%
Total Management Fees $4,991,085 $4,550,000 ($441,085) -10%

Legal Services
01-60240-1600 LEGAL SERVICES - Legal General $90,868 $15,000 ($75,868) -506%
01-60241-1600 LEGAL SERVICES - Employment Matteers $164,928 $25,000 ($139,928) -560%
01-60242-1600 LEGAL SERVICES - Commercial $3,840 $15,000 $11,160 74%
01-60243-1600 LEGAL SERVICES - Residential $156,244 $350,000 $193,756 55%
01-60244-1600 LEGAL SERVICES - Development/Residential $23,814 $150,000 $126,186 84%
01-60246-0000 LEGAL SERVICES - Litigation/Settlements $9,000 $0 ($9,000) 0%
Total Legal Services $448,694 $555,000 $106,306 19%

Telecommunications
01-60400-1500 TELEPHONE $51,882 $60,000 $8,118 14%
01-60401-1500 TELEPHONE - LONG DISTANCE $493 $1,200 $707 59%
01-60402-1500 TELEPHONE - CELL $31,032 $28,000 ($3,032) -11%
01-60403-1500 MAINTENANCE - INTERNAL TELEPHONE SYSTEM HARDW $974 $3,000 $2,026 68%

Page 5
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60404-1500 INTERNET SERVICE PROVIDER - DATA LINE $43,099 $40,000 ($3,099) -8%
01-60690-1500 WEB SITE HOSTING $9,677 $5,000 ($4,677) -94%
Total Telecommunications $137,156 $137,200 $44 0%

Rent
01-61081-5100 COMMERCIAL SPACE RENT - Engineering $7,000 $5,000 ($2,000) -40%
01-61081-5200 COMMERCIAL SPACE RENT - Island House $90,401 $160,000 $69,599 43%
01-61081-5600 COMMERCIAL SPACE RENT - Westview $42,292 $42,000 ($292) -1%
Total Rent $139,694 $207,000 $67,306 33%
Repairs & Maintenance
01-60407-2200 REPAIR & MAINT PARKING ME - Island Operations $508 $0 ($508) 0%
01-60407-5000 REPAIR & MAINT PARKING METER - PM: Housing $14,338 $7,000 ($7,338) -105%
01-60408-3000 REPAIRS & MAINT POTHOLES/LINE STRIPING - RI Locations $0 $150,000 $150,000 100%
01-60410-2220 REPAIRS & MAINT SEWERS - Maintenance $3,821 $0 ($3,821) 0%
01-60410-2240 REPAIRS & MAINT SEWERS - Bus Operations $0 $2,000 $2,000 100%
01-60410-2900 REPAIRS & MAINT SEWERS - Tramway $0 $3,000 $3,000 100%
01-60410-3000 REPAIRS & MAINT SEWERS - RI Locations Points $4,759 $0 ($4,759) 0%
01-60410-3400 REPAIRS & MAINT SEWERS - Sportspark $3,426 $0 ($3,426) 0%
01-60411-2220 REPAIR & MAINT ISLAND FIX - Maintenance $881 $5,000 $4,119 82%
01-60412-0000 REPAIRS & MAINT BUILDING - General $42,116 $10,000 ($32,116) -321%
01-60412-1000 REPAIRS & MAINT BUILDING - Administrative $7,384 $5,000 ($2,384) -48%
01-60412-2100 REPAIRS & MAINT BUILDING - Public Safety $3,180 $3,500 $320 9%
01-60412-2220 REPAIRS & MAINT BUILDING - Maintenance $8,037 $2,000 ($6,037) -302%
01-60412-2240 REPAIRS & MAINT BUILDING - Bus Operations $3,511 $1,000 ($2,511) -251%
01-60412-2800 REPAIRS & MAINT BUILDING - AVAC $5,252 $2,000 ($3,252) -163%
01-60412-2900 REPAIRS & MAINT BUILDING - Tramway $0 $1,500 $1,500 100%
01-60412-3000 REPAIRS & MAINT BUILDING - RI Locations Points $57,011 $5,000 ($52,011) -1040%
01-60412-3400 REPAIRS & MAINT BUILDING - Sportspark $34,141 $5,000 ($29,141) -583%
01-60412-6000 REPAIRS & MAINT BUILDING - Motorgate $8,571 $2,000 ($6,571) -329%
01-60413-2050 REPAIR & MAINT ELEVATORS - Engineering $43,446 $100,000 $56,554 57%
01-60413-2220 REPAIR & MAINT ELEVATORS - Maintenance $781 $0 ($781) 0%
01-60413-2900 REPAIR & MAINT ELEVATORS - Tramway ($7,440) $0 $7,440 0%
01-60414-1000 REPAIRS & MAINT OTHER - Administrative $130 $1,000 $870 87%
01-60414-2220 REPAIRS & MAINT OTHER - Maintenance $3,134 $5,000 $1,866 37%
01-60414-2240 REPAIRS & MAINT OTHER - Bus Operations $202 $1,000 $799 80%
01-60414-3000 REPAIRS & MAINT OTHER - RI Locations Points $0 $5,000 $5,000 100%
01-60414-3400 REPAIRS & MAINT OTHER - Sportspark $2,739 $1,000 ($1,739) -174%
Total Repairs & Maintenance $239,928 $317,000 $77,072 24%

Repairs & Maintenance Equipment


01-60440-1000 REPAIRS & MAINT EQUIP - Administrative $0 $1,000 $1,000 100%
01-60440-1500 REPAIRS & MAINT EQUIP - Information Technology $3,635 $2,500 ($1,135) -45%
01-60440-2100 REPAIRS & MAINT EQUIP - Public Safety $488 $3,500 $3,012 86%
01-60440-2210 REPAIRS & MAINT EQUIP - Grounds $5,032 $5,000 ($32) -1%
01-60440-2220 REPAIRS & MAINT EQUIP - Maintenance $6,844 $7,000 $156 2%
01-60440-2240 REPAIRS & MAINT EQUIP - Bus Operations $13,279 $5,000 ($8,279) -166%
01-60440-2250 REPAIRS & MAINT EQUIP - Motor Pool ($44) $1,000 $1,044 104%
01-60440-2800 REPAIRS & MAINT EQUIP - AVAC $20,591 $5,000 ($15,591) -312%
01-60440-2900 REPAIRS & MAINT EQUIP - Tramway $0 $1,000 $1,000 100%
Total Repairs & Maintenance Equipment $49,825 $31,000 ($18,825) -61%

Other Repairs & Maintenance


01-60490-2210 TREES, SHRUBS & SOD - Grounds $79,829 $80,000 $171 0%
01-60620-2210 SNOW REMOVAL - Grounds $0 $10,000 $10,000 100%
Total Other Repairs & Maintenance $79,829 $90,000 $10,171 11%

Vehicles Gas
01-60450-1050 VEHICLES GAS - Administrative Services $0 $500 $500 100%
01-60450-2100 VEHICLES GAS - Public Safety $4,356 $10,000 $5,644 56%
01-60450-2210 VEHICLES GAS - Grounds $9,216 $10,000 $784 8%
01-60450-2220 VEHICLES GAS - Maintenance $2,429 $4,000 $1,571 39%

Page 6
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60450-2230 VEHICLES GAS - Warehouse $2,545 $2,000 ($545) -27%


01-60450-2240 VEHICLES GAS - Bus Operations $104,354 $100,000 ($4,354) -4%
01-60450-3400 VEHICLES GAS - Sportspark $0 $1,000 $1,000 100%
Total Vehicles Gas $122,899 $127,500 $4,601 4%

Vehicles Repair & Maintenance


01-60500-1000 VEHICLE REPAIR & MAINT - Administrative $37 $3,000 $2,963 99%
01-60500-1050 VEHICLE REPAIR & MAINT - Administrative Services $1,648 $1,000 ($648) -65%
01-60500-2100 VEHICLE REPAIR & MAINT - Public Safety $4,241 $6,000 $1,759 29%
01-60500-2210 VEHICLE REPAIR & MAINT - Grounds $1,707 $2,000 $293 15%
01-60500-2220 VEHICLE REPAIR & MAINT - Maintenance $0 $1,000 $1,000 100%
01-60500-2230 VEHICLE REPAIR & MAINT - Warehouse $0 $1,000 $1,000 100%
01-60500-2240 VEHICLE REPAIR & MAINT - Bus Operations $66,351 $70,000 $3,649 5%
01-60500-2250 VEHICLE REPAIR & MAINT - Motor Pool $30,141 $25,000 ($5,141) -21%
01-60500-3400 VEHICLE REPAIR & MAINT - Sportspark $0 $1,000 $1,000 100%
Total Vehicles Repair & Maintenance $104,125 $110,000 $5,875 5%

Vehicles Parts
01-60640-2100 VEHICLES PARTS - Public Safety $1,301 $3,000 $1,699 57%
01-60640-2210 VEHICLES PARTS - Grounds $1,122 $3,000 $1,878 63%
01-60640-2220 VEHICLES PARTS - Maintenance $0 $1,000 $1,000 100%
01-60640-2230 VEHICLES PARTS - Warehouse $0 $1,000 $1,000 100%
01-60640-2240 VEHICLES PARTS - Bus Operations $7,572 $20,000 $12,428 62%
01-60640-2250 VEHICLES PARTS - Motor Pool $9,262 $3,000 ($6,262) -209%
01-60640-3400 VEHICLES PARTS - Sportspark $25 $1,000 $975 98%
Total Vehicles Parts $19,281 $32,000 $12,719 40%

Equipment Lease
01-60300-1000 LEASED EQUIPMENT - General $10,282 $10,000 ($282) -3%
01-60300-2210 LEASED EQUIPMENT - Grounds $2,250 $1,000 ($1,250) -125%
01-60300-2220 LEASED EQUIPMENT - Maintenance $3,939 $5,000 $1,061 21%
01-60300-2230 LEASED EQUIPMENT - Warehouse $3,300 $1,000 ($2,300) -230%
01-60300-2240 LEASED EQUIPMENT - Bus Operations $6,273 $2,000 ($4,273) -214%
01-60300-2900 LEASED EQUIPMENT - Tramway $798 $3,000 $2,202 73%
01-60300-3400 LEASED EQUIPMENT - Sportspark $690 $1,000 $310 31%
Total Equipment Lease $27,531 $23,000 ($4,531) -20%

Office Equipment Purchase


01-60470-0000 OFFICE EQUIP PURCHASE - General $0 $2,500 $2,500 100%
01-60470-1000 OFFICE EQUIP PURCHASE - Administrative $200 $2,000 $1,800 90%
01-60470-1500 OFFICE EQUIP PURCHASE - Information Technology $15,910 $4,000 ($11,910) -298%
01-60470-2050 OFFICE EQUIP PURCHASE - Engineering $0 $1,000 $1,000 100%
01-60470-2100 OFFICE EQUIP PURCHASE - Public Safety $662 $2,000 $1,338 67%
01-60470-2230 OFFICE EQUIP PURCHASE - Warehouse $1,024 $1,000 ($24) -2%
01-60470-2250 OFFICE EQUIP PURCHASE - Motor Pool $0 $1,000 $1,000 100%
01-60470-3400 OFFICE EQUIP PURCHASE - Sportspark $3,279 $1,500 ($1,779) -119%
Total Office Equipment Purchase $21,075 $15,000 ($6,075) -41%

Equipment Purchases
01-60510-1000 EQUIPMENT PURCHASE - Administrative $205 $0 ($205) 0%
01-60510-1050 EQUIPMENT PURCHASE - Administrative Services $0 $1,000 $1,000 100%
01-60510-1500 EQUIPMENT PURCHASE - Information Technology $9,369 $0 ($9,369) 0%
01-60510-1800 EQUIPMENT PURCHASE - Community Relations $4,403 $1,000 ($3,403) -340%
01-60510-2050 EQUIPMENT PURCHASE - Engineering $33 $0 ($33) 0%
01-60510-2100 EQUIPMENT PURCHASE - Public Safety $0 $5,000 $5,000 100%
01-60510-2210 EQUIPMENT PURCHASE - Grounds $4,495 $4,000 ($495) -12%
01-60510-2220 EQUIPMENT PURCHASE - Maintenance $9,925 $3,000 ($6,925) -231%
01-60510-2230 EQUIPMENT PURCHASE - Warehouse $8,557 $1,500 ($7,057) -470%
01-60510-2240 EQUIPMENT PURCHASE - Bus Operations $1,289 $2,000 $711 36%
01-60510-2250 EQUIPMENT PURCHASE - Motor Pool $0 $1,000 $1,000 100%
01-60510-2800 EQUIPMENT PURCHASE - AVAC $1,772 $0 ($1,772) 0%

Page 7
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60510-2900 EQUIPMENT PURCHASE - Tramway $0 $1,000 $1,000 100%


01-60510-3400 EQUIPMENT PURCHASE - Sportspark $23,839 $2,000 ($21,839) -1092%
01-60510-6000 EQUIPMENT PURCHASE - Motorgate $490 $0 ($490) 0%
Total Equipment Purchases $64,377 $21,500 ($42,877) -199%

Other Equipment Purchases


01-60660-1500 COMPUTER PURCHASE SOFTWARE $46,308 $0 ($46,308) 0%
01-60780-1500 COMPUTER PURCHASES $3,150 $1,000 ($2,150) -215%
Total Other Equipment Purchases $49,458 $1,000 ($48,458) -4846%

Exterminator
01-60250-1000 EXTERMINATOR - Administrative $0 $1,500 $1,500 100%
01-60250-2100 EXTERMINATOR - Public Safety $681 $3,000 $2,319 77%
01-60250-2210 EXTERMINATOR - Grounds $148 $1,500 $1,352 90%
01-60250-2230 EXTERMINATOR - Warehouse $304 $1,500 $1,196 80%
01-60250-2240 EXTERMINATOR - Bus Operations $434 $1,500 $1,066 71%
01-60250-2250 EXTERMINATOR - Motor Pool $0 $1,500 $1,500 100%
01-60250-2900 EXTERMINATOR - Tramway $681 $1,500 $819 55%
01-60250-3000 EXTERMINATOR - RI Locations Points $1,779 $0 ($1,779) 0%
01-60250-3400 EXTERMINATOR - Sportspark $681 $1,500 $819 55%
Total Exterminator $4,708 $13,500 $8,792 65%

Uniforms
01-60290-1000 UNIFORMS - Administrative $2,077 $4,300 $2,223 52%
01-60290-2050 UNIFORMS - Engineering $0 $500 $500 100%
01-60290-2100 UNIFORMS - Public Safety $11,946 $27,000 $15,054 56%
01-60290-2210 UNIFORMS - Grounds $982 $3,500 $2,518 72%
01-60290-2220 UNIFORMS - Maintenance $2,961 $2,000 ($961) -48%
01-60290-2230 UNIFORMS - Warehouse $344 $1,200 $856 71%
01-60290-2240 UNIFORMS - Bus Operations $7,326 $3,000 ($4,326) -144%
01-60290-2250 UNIFORMS - Motor Pool $0 $1,000 $1,000 100%
01-60290-3400 UNIFORMS - Sportspark $2,756 $1,000 ($1,756) -176%
01-60291-1000 UNIFORMS CLEANING - Administrative $133 $0 ($133) 0%
01-60291-2100 UNIFORMS CLEANING - Public Safety $7,247 $8,500 $1,253 15%
01-60291-2210 UNIFORMS CLEANING - Grounds $8,261 $5,000 ($3,261) -65%
01-60291-2220 UNIFORMS CLEANING - Maintenance $2,954 $3,500 $547 16%
01-60291-2230 UNIFORMS CLEANING - Warehouse $146 $1,000 $854 85%
01-60291-2240 UNIFORMS CLEANING - Bus Operations $1,569 $2,000 $432 22%
01-60291-2250 UNIFORMS CLEANING - Motor Pool $420 $500 $81 16%
01-60291-3400 UNIFORMS CLEANING - Sportspark $120 $500 $380 76%
Total Uniforms $49,239 $64,500 $15,261 24%

Light, Power, Heat


01-60320-1000 LIGHT, POWER, HEAT - Admin $29,484 $40,000 $10,516 26%
01-60320-2100 LIGHT, POWER, HEAT - Public Safety $19,357 $25,000 $5,643 23%
01-60320-2240 LIGHT, POWER, HEAT - Bus Operations $65,304 $50,000 ($15,304) -31%
01-60320-2800 LIGHT, POWER, HEAT - AVAC $21,230 $50,000 $28,770 58%
01-60320-2900 LIGHT, POWER, HEAT - Tramway $155,218 $160,000 $4,782 3%
01-60320-3000 LIGHT, POWER, HEAT - RI Locations Points $183,586 $200,000 $16,414 8%
01-60320-3400 LIGHT, POWER, HEAT - Sportspark $139,234 $205,000 $65,766 32%
01-60320-6000 LIGHT, POWER, HEAT - Motorgate $45,032 $50,000 $4,968 10%
Total Light, Power, Heat $658,445 $780,000 $121,555 16%

Water & Sewer


01-60322-2200 WATER & SEWER - Island Operations $6,246 $0 ($6,246) 0%
01-60322-2220 WATER & SEWER - Maintenance $12,444 $4,000 ($8,444) -211%
01-60322-2900 WATER & SEWER - Tramway $3,612 $3,000 ($612) -20%
01-60322-3400 WATER & SEWER - Sportspark $11,305 $20,000 $8,695 43%
Total Water & Sewer $33,607 $27,000 ($6,607) -24%

Office Supplies

Page 8
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

01-60420-1000 OFFICE SUPPLIES - Administrative $20,676 $10,000 ($10,676) -107%


01-60420-1500 OFFICE SUPPLIES - Information Technology $799 $1,500 $701 47%
01-60420-1800 OFFICE SUPPLIES - Community Relations $1,357 $600 ($757) -126%
01-60420-2050 OFFICE SUPPLIES - Engineering $85 $1,000 $915 91%
01-60420-2100 OFFICE SUPPLIES - Public Safety $5,736 $4,000 ($1,736) -43%
01-60420-2230 OFFICE SUPPLIES - Warehouse $0 $500 $500 100%
01-60420-2240 OFFICE SUPPLIES - Bus Operations $1,030 $300 ($730) -243%
01-60420-3400 OFFICE SUPPLIES - Sportspark $474 $500 $26 5%
Total Office Supplies $30,157 $18,400 ($11,757) -64%

Parts & Supplies


01-60430-1000 PARTS & SUPPLIES - Administrative $3,538 $2,600 ($938) -36%
01-60430-1500 PARTS & SUPPLIES - Information Technology $5,723 $4,000 ($1,723) -43%
01-60430-1514 PARTS & SUPPLIES - Access Control $1,207 $2,500 $1,293 52%
01-60430-1800 PARTS & SUPPLIES - Community Relations $4,517 $2,000 ($2,517) -126%
01-60430-2050 PARTS & SUPPLIES - Engineering $68 $500 $432 86%
01-60430-2100 PARTS & SUPPLIES - Public Safety $5,872 $6,000 $128 2%
01-60430-2200 PARTS & SUPPLIES - Island Operations $1,504 $0 ($1,504) 0%
01-60430-2210 PARTS & SUPPLIES - Grounds $49,180 $30,000 ($19,180) -64%
01-60430-2220 PARTS & SUPPLIES - Maintenance $57,146 $50,000 ($7,146) -14%
01-60430-2230 PARTS & SUPPLIES - Warehouse $48,673 $45,000 ($3,673) -8%
01-60430-2240 PARTS & SUPPLIES - Bus Operations $2,712 $10,000 $7,288 73%
01-60430-2250 PARTS & SUPPLIES - Motor Pool $249 $1,000 $751 75%
01-60430-2800 PARTS & SUPPLIES - AVAC $24,125 $15,000 ($9,125) -61%
01-60430-2900 PARTS & SUPPLIES - Tramway $59 $3,000 $2,941 98%
01-60430-3000 PARTS & SUPPLIES - RI Locations Points $670 $9,000 $8,330 93%
01-60430-3400 PARTS & SUPPLIES - Sportspark $44,877 $30,000 ($14,877) -50%
01-60430-3500 PARTS & SUPPLY - Youth Center $561 $0 ($561) 0%
01-60430-6000 PARTS & SUPPLIES - Motorgate $0 $1,000 $1,000 100%
Total Parts & Supplies $250,683 $211,600 ($39,083) -18%

Service Maintenance Agreement


01-60750-0000 SERVICE MAINTENANCE AGREE - General $0 $2,000 $2,000 100%
01-60750-1500 SERVICE MAINTENANCE AGREE - COPIER $27,967 $81,055 $53,088 65%
01-60750-1514 SERVICE MAINTENANCE AGREE - Access Control $560 $0 ($560) 0%
01-60750-1800 SERVICE MAINTENANCE AGREE - Community Relations $201 $0 ($201) 0%
01-60750-2050 SERVICE MAINTENANCE AGREE - Engineering $4,185 $1,000 ($3,185) -319%
01-60750-2100 SERVICE MAINTENANCE AGREE - Public Safety $0 $2,000 $2,000 100%
01-60750-2240 SERVICE MAINTENANCE AGREE - Bus Operations $5,016 $8,000 $2,985 37%
01-60750-2250 SERVICE MAINTENANCE AGREE - Motor Pool $2,400 $0 ($2,400) 0%
01-60750-2800 SERVICE MAINTENANCE AGREE - AVAC $0 $1,000 $1,000 100%
01-60750-2900 SERVICE MAINTENANCE AGREE - Tramway $1,965 $3,000 $1,035 35%
01-60750-3000 SERVICE MAINTENANCE AGREE - RI Locations Points $15,501 $4,000 ($11,501) -288%
01-60750-3400 SERVICE MAINTENANCE AGREE - Sportspark $5,656 $6,000 $344 6%
Total Service Maintenance Agreement $63,450 $108,055 $44,605 41%

Employee Travel & Meal


01-60520-1000 EMPL TRV & MEAL - Administrative $575 $3,000 $2,425 81%
01-60520-1100 EMPL TRV & MEAL - Executive $951 $500 ($451) -90%
01-60520-1300 EMPL TRV & MEAL - Finance $2,486 $2,000 ($486) -24%
01-60520-1400 EMPL TRV & MEAL - Human Resources $0 $300 $300 100%
01-60520-1500 EMPL TRV & MEAL - Information Technology $192 $1,000 $808 81%
01-60520-1600 EMPL TRV & MEAL - Legal $805 $0 ($805) 0%
01-60520-1800 EMPL TRV & MEAL - Community Relations $0 $800 $800 100%
01-60520-2050 EMPL TRV & MEAL - Engineering $0 $500 $500 100%
01-60520-2100 EMPL TRV & MEAL - Public Safety $191 $600 $409 68%
01-60520-2210 EMPL TRV & MEAL - Grounds $210 $600 $390 65%
01-60520-2220 EMPL TRV & MEAL - Maintenance $0 $500 $500 100%
01-60520-2240 EMPL TRV & MEAL- Bus Operations $571 $600 $29 5%
01-60520-3500 EMPL TRV & MEAL - Youth Center $1,409 $0 ($1,409) 0%
Total Employee Travel & Meal $7,391 $10,400 $3,009 29%

Page 9
The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

Employee Training
01-60530-1400 EMPLOYEE TRAINING - Human Resources $21,066 $50,000 $28,934 58%
01-60530-2100 EMPLOYEE TRAINING - Public Safety $1,400 $0 ($1,400) 0%
01-60530-2210 EMPLOYEE TRAINING - Grounds $1,685 $0 ($1,685) 0%
01-60530-3400 EMPLOYEE TRAINING - Sportspark $1,140 $0 ($1,140) 0%
Total Employee Training $25,291 $50,000 $24,709 49%

Shipping
01-60550-1000 POSTAGE - Administrative $6,157 $5,000 ($1,157) -23%
01-60550-2100 POSTAGE - Public Safety $0 $100 $100 100%
01-60551-1050 SHIPPING - Administrative Services $8 $500 $492 98%
01-60551-1500 SHIPPING - Information Technology $35 $100 $65 65%
01-60551-1800 SHIPPING - Community Relations $40 $200 $160 80%
01-60551-2050 SHIPPING - Engineering $0 $150 $150 100%
01-60551-2100 SHIPPING - Public Safety $1,219 $800 ($419) -52%
01-60551-2200 SHIPPING - Island Operations $30 $0 ($30) 0%
01-60551-2210 SHIPPING - Grounds $760 $750 ($10) -1%
01-60551-2220 SHIPPING - Maintenance $374 $200 ($174) -87%
01-60551-2230 SHIPPING - Warehouse $3,059 $3,500 $441 13%
01-60551-2240 SHIPPING - Bus Operations $2,692 $2,000 ($692) -35%
01-60551-2250 SHIPPING - Motor Pool $37 $500 $463 93%
01-60551-2800 SHIPPING - AVAC $476 $500 $24 5%
01-60551-3400 SHIPPING - Sportspark $2,839 $1,500 ($1,339) -89%
01-60552-1000 UPS SHIPPING - Administrative $666 $1,500 $834 56%
01-60552-1500 UPS SHIPPING - Information Technology $55 $350 $295 84%
Total Shipping $18,447 $17,650 ($797) -5%

Subscriptions / Membership
01-60560-1000 SUBSCRIPTIONS / MEMBERSHIP - Administrative $730 $9,000 $8,270 92%
01-60560-1600 SUBSCRIPTIONS / MEMBERSHIP - Legal $16,762 $14,000 ($2,762) -20%
01-60560-2100 SUBSCRIPTIONS / MEMBERSHIP - Public Safety $430 $600 $170 28%
Total Subscriptions / Membership $17,922 $23,600 $5,678 24%

Other Expenses
01-60570-0000 BANK CHARGES - General $22,475 $30,000 $7,525 25%
01-60580-1000 MISCELLANEOUS - Administrative $5,031 $3,000 ($2,031) -68%
01-60580-1500 MISCELLANEOUS - Information Technology $0 $100 $100 100%
01-60580-2100 MISCELLANEOUS - Public Safety $284 $1,000 $716 72%
01-60580-2210 MISCELLANEOUS - Grounds $0 $250 $250 100%
01-60580-2240 MISCELLANEOUS - Bus Operations $13 $1,000 $988 99%
01-60580-3400 MISCELLANEOUS - Sportspark $0 $100 $100 100%
01-60600-1000 PUBLIC WORK ENFORECMENT F - Administrative $6,384 $0 ($6,384) 0%
01-60790-1400 MTA METRO CARD PURCHASE - HR $16,520 $18,500 $1,980 11%
02-61701-0000 CONTRIBUTED RENT EXPENSE - PP $0 $250,000 $250,000 100%
02-61750-1000 PUBLIC PURPOSE GRANTS $311,457 $300,000 ($11,457) -4%
Total Other Expenses $362,164 $603,950 $241,786 40%

Island Evenst - Community Relations


01-60681-1800 ISLAND EVENTS - Community Relations $95,138 $83,500 ($11,638) -14%
01-60681-2100 ISLAND EVENTS - Public Safety $5,814 $2,500 ($3,314) -133%
Total Island Evenst - Community Relations $100,952 $86,000 ($14,952) -17%

Total Other Than Personal Services (OTPS) $10,743,051 $11,245,272 $502,221 4%


Total Expenses $23,265,967 $24,636,249 $1,370,282 6%

NET SURPLUS/(DEFICIT) - Before Depreciation $1,198,403 $3,332,751 $2,134,348 64%

Depreciation Expenses
03-70000-0000 DEPRECN EXPENSE OFFICE FURNITURE, FIXTURES, EQUIP $57,657 $16,974 ($40,683) -240%
03-70010-0000 DEPRCN EXPENSES BUILDINGS $253,502 $773,396 $519,894 67%

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The Roosevelt Island Operating Corporation (RIOC)
Budget Variance Report
For The Twelve Months Ending of March 31, 2018

Favorable (Unfavorable)
Actual Budget Variance Percent

03-70020-0000 DEPRCN EXPENSES BUILDINGS IMPROVEMENTS $1,467,861 $762,787 ($705,074) -92%


03-70030-0000 DEPRECN EXPENSES INFRASTRUCTURE $1,160,453 $1,337,796 $177,343 13%
03-70040-0000 DEPRECN EXPENSES SEAWALL $57,847 $61,532 $3,685 6%
03-70100-0000 DEPRECN EXPENSE VEHICLES $61,266 $66,837 $5,571 8%
03-70400-0000 DEPRECN EXPENSE BUSES $234,206 $421,177 $186,971 44%
03-70500-0000 DEPRECN EXPENSE LEASEHOLD IMPROVEMENT $7,897 $5,305 ($2,592) -49%
03-70600-0000 DEPRECN EXPENSE LANDMARKS $220,250 $346,914 $126,664 37%
03-70800-0000 DEPRECN EXPENSE EQUIPMENT $150,340 $198,388 $48,048 24%
Total Depreciation Expenses $3,671,280 $3,991,106 $319,826 8%

BEGINNING NET ASSETS $0 $0 $0 0%

NET SURPLUS/(DEFICIT) ($2,472,877) ($658,355) ($1,814,522) -276%

ENDING NET ASSETS ($2,472,877) ($658,355) ($1,814,522) -276%

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