New Rochelle, City of

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 the presentation of annual financial statements, the adoption of an amended investment policy and PAAA policies, and the appointment of board officers and committee members. Additionally, the board considered a resolution approving the 2025 annual audit report and financial statements, authorized the submission and distribution of the annual report in accordance with the Public Authorities Law, and discussed operational and financial matters.

The meeting included the presentation of annual financial statements and reports. Key administrative actions involved the adoption of an amended investment policy, PAAA policies, and the appointment of board officers and committee members. Additionally, the board addressed a resolution regarding a shared services agreement for the LGRMIF Grant.

The 2026 Work Plan for the City of New Rochelle serves as a roadmap outlining strategic priorities and operational steps to achieve goals and enhance the quality of life for its residents. The plan focuses on five key pillars: Public Safety and Emergency Preparedness, Resilient Infrastructure, Environmental Sustainability and Stewardship, Economic Development, Opportunity, Prosperity and Growth, and Community Building. It details major initiatives planned for 2026, building upon successes from the previous year, to ensure the well-being and prosperity of the community.

Key discussions included a public hearing and authorization request regarding the 277 North Avenue project, involving the assignment and assumption of a previous financial assistance transaction and the restatement of the PILOT schedule for the 442-unit mixed-use residential development. Additionally, resolutions were approved to reset the residential portion of the PILOT schedule to Year 1 for two separate projects, North Avenue East LLC (585 North Ave) and NA West LLC (600 North Ave), in consideration of providing additional affordable units and paying a social equity fee. The Board also unanimously authorized entering into a Professional Services Agreement with RGP Consulting LLC for services including UTEP review, technical assistance, and compliance reporting.