Governance committee approves 2025 board evaluation; board authorizes executive director to file annual and PARIS reports

The governance committee voted to accept the 2025 board evaluation summary for submission to New York State after a presenter said all 10 board members responded and most selected "agree" or "somewhat agree" across 16 evaluation criteria; no respondents selected "disagree." The committee accepted the summary for the record and moved it forward in accordance with the agenda.

At the full board session, members moved and voted to accept the authority’s 2025 annual report and PARIS report and authorized Executive Director Maria Bruni to submit both to New York State.

In her short report, Bruni summarized 2025 program activity: bids and closings for 54 Washington Street and 84 Linden Avenue, a pending sale for 168 Linden Avenue, and construction underway at 7 Genung. She said that of 20 properties originally acquired when the agency formed, 16 have been sold, one was returned to the city (135 Linden), one is under construction and one is pending contract; 28 Beacon Street remains for future consideration.

Why it matters: The board evaluation is a governance requirement for state oversight and the acceptance and submission of annual/PARIS reports are formal steps that document the authority’s programmatic and financial activity for 2025 (including property disposals and sales). The property transactions noted by the executive director affected the authority’s financial position and were referenced during the audit summary.

What happens next: The executive director will submit the approved reports to New York State as authorized by the board.