The citymeetings.nyc logo showing a pigeon at a podium with a microphone.

citymeetings.nyc

Your guide to NYC's public proceedings.

QUESTION

How does the New York City Economic Development Corporation (EDC) maintain records for lease agreements?

1:39:50

·

6 min

Council Member Brooks Powers raises concerns regarding the record-keeping practices of the New York City Economic Development Corporation (EDC) for lease agreements, stressing the importance of historical perspective in preventing past mistakes.

  • Powers queries EDC's role in maintaining records for significant lease agreements, emphasizing the need for a historical perspective to avoid repeating past mistakes.
  • Mikelle Adgate from EDC clarifies that EDC wasn't a signatory to the 2021 lease, which was administered on behalf of the city, and notes challenges arising from administrative changes.
  • Powers insists on the value of transparent record-keeping between sister agencies like EDC and SBS, especially for accountability on decisions like lease extensions.
  • Jennifer Sun from EDC acknowledges the need for better collaboration with Council Member Powers and community leaders to enhance record-keeping and accountability.
  • Powers highlights the importance of leveraging EDC's role for greater accountability and transparency in projects impacting local communities, such as the JFK Airport redevelopment.