Approved a New York State Real Property Transfer Report and a New York City Real Property Transfer Tax Return and authorized the Chair to execute same.
Found that NYRA’s Fiscal Year 2011 revised Operating Budget was presented in an acceptable format reflecting a reasonable revenue and expenditure plan; encouraged careful monitoring of revenues and expenditures; requested quarterly updates of such Operating Budget; required NYRA to submit its annual budgets for review and recommendations prior to submitting such to NYRA's Board of Directors for final approval; required NYRA annually submit a management and employee compensation plan to the Board for its statutorily required review; directed NYRA to develop and submit to the Board a comprehensive plan for growing racing-related revenues in the wake of the New York City Off Track Betting Corporation closure; and required submission of a revised and updated revenue projection prior to the Board's next scheduled meeting.
Approved retention of UHY, LLP as NYRA's qualified independent certified public accountant for the 2011 annual audit; requested NYRA search for a new qualified independent auditor for future fiscal years.
Authorized an easement for the benefit of the National Grid to install a gas heater and regulator station on lands of Aqueduct Racetrack and authorized the Chair to execute same.
