Board meetings, strategic plans, and buyer signals from Sharmila Baichu’s organization
Jun 3, 2026·BoardMeeting
Board
Hugh L. Carey Battery Park City Authority Meeting Of The Members
The meeting included reports from the Governance and Investment Committees, an M/WBE quarterly update, and status updates on the South and North/West Resiliency Projects. The Board authorized contract amendments for the South Battery Park City Resiliency Project with PBJV and E.W. Howell Co., LLC. Additional authorizations included a new contract for the Estuary Habitat Monitoring Program with Ramboll Americas Engineering Solutions, Inc., and investment advisory services with PFM Asset Management. The Board also established a pre-qualified panel for municipal advisory services, reallocated Series 2013A and 2019A bond funds to general infrastructure, and approved the 2026-27 insurance program. Finally, contracts were authorized for public relations services with Risa Heller Communications LLC, and consent agenda items for printing services, crossing guard services, and HVAC chemical treatment were approved.
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The Investment Committee meeting focused on a review of investment performance for the quarter, including an analysis of portfolio composition, credit quality distribution, and maturity distribution. The committee discussed total return performance attributes and market commentary, highlighting economic factors such as inflation, labor market data, and interest rate trends. Additionally, the meeting covered changes in account values and investment policy issuer guidelines.
Mar 4, 2026·BoardMeeting
Board
Hugh L. Carey Battery Park City Authority Meeting Of The Members
The board meeting covered several significant items, including project updates on the South and North/West Battery Park City Resiliency Projects, and a report from the President regarding community engagement and recent lease extensions. The board authorized the adoption of a Series 2026 Notes Resolution to refinance a revolver facility, increased the aggregate spending cap for the pre-qualified panel of financial reporting consulting firms, and approved a temporary easement to facilitate the construction of a pedestrian bridge at Brookfield Place. Additionally, the board approved annual Disposition Guidelines for Personal and Real Property and passed a consent agenda authorizing new contracts for beekeeping services, an amendment to crossing guard services, and an extension for banking services.
Jan 28, 2026·BoardMeeting
Board
Hugh L. Carey Battery Park City Authority Meeting
The Audit & Finance Committee meeting agenda included a call to order, the annual audit presentation by CBIZ, board recommendations, and a motion to adjourn. The audit results presentation covered the audit conclusion, which expected a clean/unmodified opinion on the financial statements for the year ended October 31, 2025, provided certain conditions like EQR review and management letter receipt were met. Key discussion points from the audit included a significant unusual transaction involving $18 million in misdirected ground rent and PILOT payments due to a cyber incident affecting a managing agent, though the Authority expects full recovery. The committee reviewed management's estimates and judgments concerning the OPEB liability (approximately $46.2 million as of October 31, 2025), depreciation of project assets, pension benefits, lease accounting, and the allowance for doubtful rents and other receivables (which decreased significantly to $4.9 million). The auditors noted no material weaknesses in internal control.
Extracted from official board minutes, strategic plans, and video transcripts.
