The Board of Estimate & Apportionment approved financial adjustments for water infrastructure projects, including increased revenue from EFC financing and corresponding expenses. The board also approved two minor legal settlements.
I'd like to call the meeting of the board of lesson and abortion into order. Today's date is Tuesday, August 18th, 2026. Uh, we have, uh. Everyone here myself, chief city auditor, uh, representing mayor. Uh, of course, the previous. Financial manager. to the treasurer, Darius Shattifar is here, Common Council President Kelly Kimbrough is here representing Council of the Red Bull Kings. Okay, to start off, we want to skip ahead to the audience from the water recording, because we have Nick Riley here, who was insightful last time on this issue last week. There were some issues when he came back, so he has to pick up his kid. So I'm asking for a motion to skip ahead to the water. So moved. Second. Okay. All in favor? Aye. Opposed? Passing. Okay. So first I did water, it's increasing revenue from EFC. EFC financing increased revenue of $4,051,130 in increase in revenue. New York State EFC aid of $1,311,060. An increase in expenses to the distribution capital outlay of $3,402,630 in increased expense for sewer separation capital too. And the source of the explanation is the source of the fund will be EFC financing for the projects. The budget will be used to create PO for CT Mail, Newcastle CHA, and Hackett Boulevard projects. Are there any questions? So last time the problem we ran into was that we were increasing expenses to... So I know you have to go. Anything else you want to add? Good job, Nick. I thought there might be more questions. Last time you spent like 20 minutes figuring it out. I think we did most of the light work last time. Thank you for the problem solving. I also feel like I should credit Archul for supplying copious back-up documents, which I don't know if you need to do on the agenda, but any exceptions on that? yeah so legal settlements uh 2026 legal settlement of kristin gara egan versus city of albany and some of her for Raleigh versus City of Albany in the sum of $189. And there are attachments for these settlements as well. If anyone has any questions, they're not particular large settlements. What were they for? I'll make the motion to accept the agenda. I'll second. All in favor? Aye. Opposed? Any motion to adjourn? So moved. Second. All in favor? Aye. Opposed?
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