Brad Greenburg
1:16:17
Slide 13, the next slide is a snapshot of our progress year over year addressing and reducing the number of elevator and no service conditions.
1:16:25
A no service condition is defined to include situations where a single elevator building or stair hall has no service or all elevators in the bank are out of service.
1:16:34
As you can see, these snapshots take data each calendar year up to October 21st and compare it year over year.
1:16:40
In 2022, NIKE had 13,286 no service conditions at this point in the year with an average duration of 4.67 hours.
1:16:49
In 2023, NYCHA had lowered that to 11,431 no service conditions with an average duration that ticked up to 4.98 hours.
1:16:58
But today, 2024 has been our best performance yet.
1:17:01
We've had 9096 no service conditions with an average duration of 4.59 hours.
1:17:07
Though we do not exactly meet the agreements requirements here, we are seeing steady progress reducing the occurrence of no service conditions at Nitro Properties.
1:17:14
As you can see on the next slide on Slide 14, we also have been replacing elevators to meet the agreements requirements that 425 elevators be addressed through the capital impact programs.
1:17:26
To date, We've replaced 141 elevators through our capital program, which is off the pace we need to hit the agreement milestone.
1:17:34
However, we should be able to catch up and are forecasting that we will exceed the 275 target by replacing a total of 287 elevators through next year.
1:17:43
In the pack program, we have exceeded the obligation and ready to convert a 150 elevators.
1:17:49
Slide 15, the next slide shows you some pictures of some of these elevator replacements at both pack sites and night shift managed sites in Manhattan, the Bronx and Staten Island.
