Your guide to NYC's public proceedings.
PRESENTATION
Rationale for amending the NYC Health and Hospitals operating agreement
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This chapter explains the reasons for amending the operating agreement and the consequences of not doing so.
- Not updating the agreement leads to confusion about NYC Health and Hospitals' relationship to nine properties
- The oversight has delayed receipt of approximately $10 million in federal American Rescue Plan grants
- Amendment aims to add nine properties to the operating agreement
Maidel De La Cruz
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Not correcting the operating agreement leads to confusion.
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It leads health and hospital unable to explain to third parties the nature of our relationship to these nine properties.
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And recently this has delayed by close to two years New York City Health and Hospital's receipt of approximately $10,000,000 in federal American Rescue Plan grants.
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Next slide please.