Todd Castaldo

The meeting addressed several key agenda items. These included resolutions pertaining to North Avenue East LLC regarding modifications to a Payment in Lieu of Taxes (PILOT) agreement, and NA West LLC, also concerning amendments to a PILOT agreement. Additionally, the agency considered a resolution for a consulting services contract with RGP Consulting LLC to provide technical assistance.

The meeting included discussion and approval of the 2026 budget, with a review of anticipated revenues and expenses for 2025 and projected figures for 2026. The proposed budget aligns with the Agency's key initiatives.

The agenda includes discussion and adoption of the 2026 budget, review of the 2024 audited financial statements, the 2025 actual and projected budget, and the 2027-2029 projected budget.

The New Rochelle Corporation for Local Development (CLD) held its annual meeting, during which several key resolutions were discussed and authorized. These included the authorization for the issuance of Tax-Exempt and or Taxable Revenue Bonds to fund the buildout and equipping of a Department of Public Works garage and administrative offices, the adoption of the City of New Rochelle Economic Opportunity and Nondiscrimination Policy amendment, and the authorization of Professional Auditing Services with Bonadio & Co., LLP for the fiscal year ending December 31, 2017.

The meeting included discussions and a resolution regarding the 2026 budget, as well as the submission of proposed budgets for fiscal years 2027, 2028, and 2029, in compliance with Section 2800 of the New York Public Authorities Law. The board also addressed a resolution concerning authorization and consent for a change in ownership structure for CH New Rochelle LLC, the developer of a mixed-use facility. Additionally, there was a public hearing and authorization resolution for 438 Main Development LLC, focusing on the construction of affordable senior housing and a new church and event space for the Union Baptist Church.