Board of Directors Meeting

New York City Industrial Development Agency
{a component umt of the City ofN~·w York)
Notes to Financial Statements
NOTE 6.
JANUARY31,2013
(Unaudued)
SPEGAL PROJECTS
Pursuant to various Board approved agreements between the Agency and EDC, the Agency is committed to fund various projects being performed by EDC related to the City's Economic and Industrial
Development (the ttProject Commitments"). The Project Commitments, related approval dates, original and outstanding commitments balances are as follows:
PROJECT
APPROVAL
DATE
TOTAL
COMMITMENT
EXPENDITURES 7/t/2012 mill.
TO DATE COMMITMENTS EXPENSES
F¥2013
DE-OR! !G
l/31/2013
0/SCOMMIT
Downtown Brooklyn Relocation Services
Hunts Point Peninsula- Vision Plan
Hunts Point Produce Market
Pier 7-12 Development Strategy
Do"'l!town Far Rockaway Development Plan
Willets Point Redevelopment
Hunts Point Food Distribution Center/Develop. Feasibility Study (HDR)
Harlem Business Assistance Fund/UMEZ
Staten Island North Shore Study -Land and Transportation
Harbor District Ferry Service Feasibility and Branding Initiative
Harlem River Waterfront/Sherman Creek Master Plan
City-wide Ferry Service Feasibility Study
Hunts Point Food Distrib. DRA.INAGE Plan! AKRF
Teleport Planning Services
Hunts Point - Freight Rail and Anaerobic Digestion Study
Industry NYC Survey (!BZ)
Wage Study
JFK Air Cargo Study
Seward Park Dev Proj Engineering and Cost Analysis
Immigrant Entrepreneur Business Development Demonstration Program
Seward Park Mixed-Use Development Project EIS
Water Street Feasibility Study
Lower Manhattan Business Expansion Competition
Industrial Business Growth Assistance Program
Harlem Incubator
Industrial Business Support Services
Industrial Business Improvements Districts Development
Queens Kitchen Incubator
Hunts Point Terminal Produce Market
Competition Thrive
Illwninate Lower Manhattan
Open Industrial Uses Study
Hurricane Emergency Loan Program
Artist as Entrepreneur
Curate NYC
NYC Generation Tech
New York's Next Top Makers
]I)..Jun-03 650,000
29-Jul-03 795,000
11-0ct-05 350,000
14-Mar-06 1,979,611
9-May-06 150,000
13-Mar-07 3,954,000
ll-Dec-07 700.000
13-May-08 1,000,000
13-May-08 700,000
11-Mar-09 590,058
28-Jul-09 300,000
15-Sep-09 175,000
15-Scp-09 500,000
15-Sep-09 100,000
15-Dec-09 131,705
9-Mar-10 65,000
8-Jun-10 1,000,000
14-Dec-10 250,000
14-Dec-10 500,000
12-Apr-11 200,000
12-Apr-ll 1,300,000
14-Jun-11 350,000
26-Jul-11 950,000
20-Sep-11 200.000
14-Feb-12 500,000
14-Fcb-12 420,000
10-Apr-12 300.000
10-Apr-12 75,000
12-Jun-12 5,000,000
20-Sep-12 200,000
20-Sep-12 1,000,000
20-Sep-12 137,500
13-Nov-12 4.000,000
8-Jan-13 10,000
8-Jan-13 60,000
8-Jan-13 100,000
8-Jan-13 130,000
167,963 482,037
(1) 643,017 151,983
318,010 31,990
(2) 1,704,441 275,170
129,888 20,112
(3) 2,901,384 I, 112,201 59,585
310,227 416,990 27.217
1,000,000
640,099 59,901
(4) 469,348 590,058 469,348
299,899 101
(5) 172,791 2,209
178,198 321,802
98,808 1,192
13 1.705
55,000 10,000
964,254 35,746
249,970 30
375,137 150,231 25,368
191,643 8,357
1,079,566 335,504 115,070
297,552 110,736 58,288
122,288 9\0,560 82,848
35,738 197.362 33,100
500,000
420,000 420,000 420,000
122,373 283,997 106,370
25,000 75,000 25,000
5,000,000
350,000 350,000
3,200,000 3,200,000
275,170
20,112
59,901
101
2,209
321,802
1,192
131,705
10,000
35,746
30
482,037
151,983
31,990
(0)
\,052,616
389,773
1.000,000
120,710
(0)
(0)
(0)
124,863
8.357
220,434
52,448
827,712
\64,262
500,000
177,627
50.000
5,000,000
200,000
650,000
137,500
800,000
10,000
60,000
100,000
130.000
SUB TOTAL
28,822,874
15,522,595 12,634,973 4,972,194
857,968
12,442,31 I
(!)Original contract amount was $200,000- Amended by Board Resolution on 9/14/04 for additional amount of$595,000.
(2)0riginal contract amount was $ 1,175,000- Amended by Board ResolUtion on !2/12/06 for additional amount of $350,000 and on 7/23/07 an additional $1,585,000. At 6/30/09 de-obligated $1,130.389.
(3) Original contract amount was $2,000,000 ·Amended on 12/11107 for 300,000 and 250,000 and on 7/22/08 for additional $750,000 and on 4114/09 an amcmdment was authorized for change of scope. Add'] $354,000 adjustment from 8/05.
(4) Original contracted amount was $740,058 on 3111109-Amemded by Board Resolution on 9/15/09 to move $150,000 to City Wide Ferry Service Feasibility Study.
(5) Original contTactcd amount is $175,000 on 9/15/09, of which $150,000 was reallocated from Harbor District Ferry Service (Orig. approval 3/11/09) and an additional S25,000 approved on 9/15/09.