WPPAC and Helen Hayes, Partner to Satellite-Cast High School Theater Awards

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WPCNR STAGE DOOR. From Oscar Sales, Jr. May 12, 2004: On Monday, June 7th at 7pm, the Helen Hayes Theatre Company and the White Plains Performing Arts Center will hold the 6th Annual High School Musical Theatre Awards.  Award categories cover the entire spectrum of musical production, from Overall Production of a Musical to Outstanding Lobby Display.  The winners will be given the coveted award (known affectionately as “The Helen”) in a glamorous, star-studded ceremony that will be held simultaneously in Nyack and in White Plains with a live satellite feed.

 


 


This year the Helen Hayes High School Theatre Awards, designed to encourage and reward exceptional accomplishments in the production and performance of high school musicals, involved 25 schools from Rockland, Bergen & Westchester counties.  The awards have grown in prestige since its first year in 1999. And this year, each theatre will have its own Master of Ceremonies, Musical Director and celebrity award-presenters. Some of the awards and performances will take place at the HHTC and other awards and performances will take place at the WPPAC. Using satellites that are orbiting 23,000 miles over the equator, a video will link both theatres to the ceremony.


 


Danielle Rudess, Director of the Helen Hayes Youth Theatre and Producer of the Theatre Awards, said, “We are so excited about the awards this year, and not only because of the satellite. The productions this year have risen to level that many rival professional productions. The awards get harder and harder every year. The kids and their teachers are so dedicated and talented that it makes it hard to award one winner in each category. I know these great productions not only foster pride for the schools but, increase the support for the high school drama departments from school administrators and from parents.”  She added,  “This is so important because drama training has so much to offer students: reinforcing literacy skills, public speaking, self-esteem, and ‘team’ building.”


 


The ceremony, modeled after the Tony and Academy Awards, will feature musical numbers from the productions nominated for Best Overall Production of a Musical plus a medley of songs performed by the nominees for the Best Actress and Best Actor in a Leading Roll. Jim Fyfe and John Patrick Schutz will serve are Masters of Ceremony and Neil Berg and Jordan Rudess will be the musical directors. The awards will be presented to students by an array of celebrities and luminaries from the theatrical world and from the local community. While the list of  presenters for this year is still being formed, past presenters have included Tony Award winners and nominees: Gwen Verdon, Tony Walton, Rupert Holmes, Donna Murphy, William Ivey Long, Don Pippin, Marvin Laird, Priscilla Lopez and many more.


 



 


The Helen Hayes High School Theater Awards will take place on Monday, June 7th at 7pm at the Helen Hayes Theatre Company in Nyack and the White Plains Performing Arts Center in White Plains.  Tickets are $27.  For tickets, please call the Helen Hayes Box Office at 845-358-6333 or the White Plains Performing Arts Center at 888-977-2250.


 


 


 


Following is a list of participating schools for the 2004 Theatre Awards.


 


Rockland County


Clarkstown  North                    “Bye Bye Birdie”         


Rockland Country Day “Into the Woods”


Spring Valley  H.S.                   “On The Town”


Tappan Zee H.S.                      42nd  Street


 


Westchester County


Archbishop  Stepinac                “The Scarlet Pimpernel”


Briarcliff H.S.                           “Joseph…”


Bronxville                                 “Grease”


Eastchester                               “Me and My Girl”


Fox Lane                                  “Starmites”


Harrison                                   “Barnum”


New Rochelle                           “A  Funny Thing…Forum”


Ossining H.S.                           “The Wiz”


Pelham                                     “Mystery of  Edwin  Drood”


Rye Neck                                 “Bye Bye Birdie”


Somers                         “Into  the Woods”


Tuckahoe                                 “Sound of Music”


Westlake                                  “Meet Me in St. Louis


Woodlands                               “The  Wiz”


 


Bergen  County

Academy  of the Holy Angels      “Anything Goes”        


Fairlawn H.S.                           “Company”


New  Milford                           “Damn Yankees”


Northern  Highlands H.S           “Music Man”


Northern Valley                        “How to Succeed…”


Saddle River  Day School         “How to Succeed…”


St. Joseph’s                              “Les Mis”

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Ad Hoc Committee Announces Meeting on Development In Downtown with Mike Graessle

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WPCNR CNA NEWS. From Marc Pollitzer. May 11, 2004: The extensive development projects proposed, being considered or already completed in downtown White Plains have raised interest and concerns amongst many of your friends and neighbors.

With this in mind, several of us have organized and scheduled a meeting to discuss the potential impacts of these proposals. The date and time has been set, a guest speaker invited and only the place to be decided upon. Please save the following date:   Tuesday, May 25th, at 7:45 PM. Our Guest:    Former Comm. of Planning Michael Graessle The Topic:    “Planning in Downtown White Plains” Location to Come.

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Mayor for All Seasons Aghast at City Financial Management

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WPCNR WHITE PLAINS VOICE. May 11, 2004: The former Mayor of White Plains, Alfred Del Vecchio, who ran White Plains for 18 years has written the following commentary on the city budget process now on hold for a week. In this letter to WPCNR, and in a different letter to The Journal News, the “Mayor for all Seasons” analyzes the current plan to dissolve the Parking Authority to shore up the city fund balance:



Mayor Alfred Del Vecchio. “The Mayor for All Seasons” Photo from White Plains Week Archive


 


The city has made a mess of its own finances, now they can make a mess of the Parking Authority’s finances. Now garages will be built for whomever can exert political pressure on our elected officials or tempt them with political donations. The only acceptable reason for building a city garage is to satisfy city needs. Switching citizen control of the Authority to the mayor and council defeats the purpose of separating it from political influence. That’s not going to help our bond rating. All that cash will certainly tempt mischief too. It happens. 


    As for our tax increase, what has happened to all the money the city was going to get from all the “renaissance” building in White Plains “without spending any taxpayer’s money”? Did it go up in flames with our Fireclock? Can we put back the $60,000 we spent on our feasibility study? The excuse for a tax increase of having to make “unexpected” pension fund payments by Bob Greer is a phony one. Pension fund investments by the State went bad over two years ago. Anyone with half a brain would have known that the State would be asking for more money. Everyone connected with this fiasco should be held accountable NOW.

 

Alfred Del Vecchio

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Gretsas Thrilled to be in Company of Now 3 City Managers Pursuing Job.

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WPCNR CITY HALL CIRCUIT. From the Mayor’s Office. May 10, 2004, UPDATED May 11, 2004, 7:00 E.D.T., UPDATED May 11, 2004, 1:00 P.M. E.D.T., 3:30 P.M. E.D.T. : George Gretsas, Executive Officer of  the City of White Plains released a statement Monday from the Mayor’s office, indicating he is pursuing the Fort Lauderdale City Manager post with enthusiasm. WPCNR also learned from Councilman Glen Hockley Monday that the May 12 Budget Session scheduled for Wednesday evening was cancelled over the weekend. May 12 is the day the City of Fort Lauderdale is inviting candidates for their city post to “come on down” to interview, meet Fort Lauderdale movers and shakers, and city commissioners at a reception Thursday evening. However, Mr. Gretsas is reported to be already in Fort Lauderdale. 


WPCNR has learned Tuesday afternoon that there are now only 4 candidates left in the hunt for the City Manager position in Fort Lauderdale. James Ley, the County Supervisor of Sarasota County withdrew from considertion Monday, according to the WPCNR source, leaving Mr. Gretsas, George Kolb of Augusta, Georgia, Michael West of Johnson City, Tennessee, and Thomas Hoover, formerly City Manager of Worscester, Mass, in the race. The source also said the city has had a lot of trouble finding candidates who want to come to Fort Lauderdale, because of the budget problems the city faces.


Meanwhile, Budget Decision Night, according to White Plains City Hall Spokesperson Ammirato today, has been moved to Monday, May 17.  Ammirato said it was not true that the hearings were moved up because of Mr. Gretsas’ absence. Rick Ammirato, spokesperson for the Mayor’s Office, refused to comment on Mr. Gretsas’ whereabouts today, Tuesday.  Here is the text of the Gretsas statement released to WPCNR Monday afternoon from City Hall:



George Gretsas to WPCNR on The Fort Lauderdale Opportunity: “The Ft. Lauderdale City Commission is conducting a national search for a new city manager and has invited me to their city to discuss the position. While I have not been actively pursuing other job opportunities and expect to remain in my current position, the Ft. Lauderdale position is extremely prestigious and I am honored to have been one of only 7 out of 220 people selected to meet with the City Commission. I am anxious to learn more about what they are looking for in a city manager and to see whether this is the right opportunity for me and whether I am the right fit for them. The other four finalists are a “Who’s Who” of city and county managers from across America and it is a thrill to be in their company.” Photo from WPCNR News Archives.


 


According to a Journal News report by Susan Elan, relased Tuesday morning, Mr. Gretsas issued the statement from city hall while already in Fort Lauderdale “for interviews about the job.”


Apparently, Mr. Gretsas’ pursuit of the position has resulted in the postponement of the 2004-05 budget  crisis discussions which were to resume Wednesday, but instead, according to Mr. Hockley will be resumed next Monday, May 17.  Ammirato said this was not true, that Mr. Gretsas did not have to be there for the hearings, and said Tom Roach, the Common Council President could verify that.



MAYOR DELFINO GIVES HIS BLESSING: Mayor Delfino, who did not release a statement to the media on the matter,  is giving Mr. Gretsas his support  in a statement to The Journal News,   saying according to Ms. Elan’s article this morning, “With all that has been accomplished in the city, White Plains has developed a national reputation, and it’s not surprising that other cities would look here. I think the world of George and will support whatever decisions he makes for his future. I’m very blessed to have such a talented and professional staff. The continuing renaissance of our city will undoubtedly attract even more national attention.” Photo From WPCNR News Archive.


WPCNR’S call to the City of Fort Lauderdale Public Information Office Monday afternoon for information on how far along the Gretsas interviews were, and for information on  the Thursday evening reception for the five candidates, was not returned by that Office Monday. The City of Fort Lauderdale Public Information Office referred WPCNR to the Assistant City Clerk who is handling the itinerary for the City Manager finalists, but Mr. Modarelli was not available when WPCNR called him.


Mayor  James Naugle of Fort Lauderdale said in a statement to the Journal News, said the finalists were down to four, including Mr. Gretsas, but did not name them. Naugle said in Ms. Elan’s article, that Fort Lauderdale wants a person with strong budget skills. Naugle, who has been Mayor of Fort Lauderdale for 12 years is quoted by The Journal News reporter as saying “We have the strongest revenues of any city in Florida, but it’s a very high cost city with a spending problem.”

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School Board Hires Ochser Successor; and Probationary Principal at Ridgeway.

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WPCNR SCHOOL DAYS. From Education House May 10, 2004, 11 P.M.: Tonight at the White Plains High School, at the regular Board of Education meeting, starting at 7:30 P.M., the Board of Education recognized its Scholar-Athletes.  The Board  voted to accept  the appointment of  Dr. Lenora Boehlert, previously Director of Human Resources for the South Colonie (outside Albany) School District to replace Dr. Linda Ochser as Assistant Superintendent for Human Resources for three years, beginning August 16. The Board also voted with overwhelmining enthusiasm to approve of Evette E.Avila, a 7-year employee at Ridgeway School, as a replacement for Sandy Cangialosi as Principal of Ridgeway School for two years, beginning June 1st.

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George Gretsas Considered for City of Fort Lauderdale City Manager Job

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WPCNR CITY HALL CONFIDENTIAL. By John F. Bailey. May 9, 2004, Updated 12:30 A.M. E.D.T., May 10, 2004: A routine web search has revealed that the architect of the “White Plains Renaissance,” George Gretsas, the Mayor’s Executive Officer, is scheduled to be considered this week by the City of Fort Lauderdale Florida for their $185,000-$250,000-a-year  post of City Manager. According to information on the City of Fort Lauderdale website, and an article in the South Florida Sun-Sentinel dated April 28, Mr. Gretsas is a finalist among seven candidates, two of whom have withdrawn from consideration from the position.


The Sun-Sentinel reports that Mr. Gretsas and the other “finalists” are scheduled to visit Fort Lauderdale this week for an informal get acquainted session with Fort Lauderdale residents at a reception in Fort Lauderdale May 13. Commissioners of the City of Fort Lauderdale are scheduled to make a decision May 18. 



George Gretsas In Demand? The City of Fort Lauderdale reports White Plains’ own George Gretsas ( shown right, with Ted Peluso, financial consultant, shown announcing the expected city absorbtion of the City Parking Authority last Thursday) on their “short list” as their new City Manager according to their website as of Friday, May 7. Though Mr. Gretsas did not receive the most votes among Commissioners as to their preference, he remains in the running according to the City of Fort Lauderdale web site, though with the withdrawal of the leading candidate, Mr. Gretsas position may be enhanced.  Kirby Bowers, of Loudoun County Virginia, considered to be one of the leading candidate told the Leesburg 2 Day website he, himself, was contacted by a national search firm. Leesburg 2 Today also reported that the City of Fort Lauderdale is in a budget crunch and the City Manager is expected to have enact cutbacks in government services. Photo by WPCNR News.



COMING UP THE BACKSTRETCH?: The Fort Lauderdale City Commissioner vote sheet ranking George Gretsas and five other candidates for the Fort Lauderdale City Manager position as of April 27.  Mr. Bowers and Mr. Pangas have withdrawn according to  the Fort Lauderdale city website. JN is Mayor of Fort Lauderdale, Jim Naugle, CT is Christine Teel, DT is Dean Trantalis, CM is Carlton Moore, and CH is Cindi Hutchinson, the City Commissioners of Fort Lauderdale. Still in the running with Mr. G, are Michael West, James Ley, George Kolb, Thomas Hoover. The information is on www.ci.ftlaud.fl.us Photo by WPCNR News


 


The meeting, according to the Sun-Sentinel report by Brittany Wallman,  placed Mr. Gretsas on the “short list” eleven days ago on April 27 when the Fort Lauderdale City Commission took 13 candidates and dropped 6 from the list, leaving Mr. Gretsas “still on the island,” after a national search that produced 200 candidates, according to an applicant who has withdrawn, Kirby Bowers. Bowers said on www.leesburg2day.com, that the job paid $185,000 to $250,000, which would mean a hefty raise for Mr. Gretsas, who is believed to make approximately $130,000 in his White Plains position.


Cost-Cutting Called for in “The Venice of America”


It is a tough job though, Fort Lauderdale is facing a $12 Million budget deficit in its 2003-04 budget and is looking for a cost cutter to implement a controversial reorganization plan. In fact, employees have been leaving Fort Lauderdale city government in droves, according to a May 2 article by Ms. Wallman, which can be found on the Sun-Sentinel site at http://www.sun-sentinel.com/news/local/southflorida/sfl-cexodus03may02,0,6357371.story?coll=sfla-home-headlines


Since that April 27 date Michael Pangas, formerly of the Sony Latin American TV regional office, withdrew, and Kirby Bowers, county administrator of Loudoun County, Virginia withdrew. Leaving Mr. Gretsas in the final five survivors.


Ms. Wallman’s report of April 28, notes the candidates will be flown to Fort Lauderdale May 12 for a reception Thursday evening May 13 to “mingle” with city residents. Candidates, Ms. Wallman reports will take interviews with the City Commissioners and take tests to “evaluate their leadership skills.” For the actual article, go to www.sun-sentinel.com.


A Budget Meeting is scheduled at White Plains City Hall on Wednesday evening, the 12th, which if Mr. Gretsas is still considering the job, would allow him free to fly to Fort Lauderdale for the Thursday evening smooze in “The Venice of America,” as Fort Lauderdale bills itself.


Mr. Gretsas received 2 votes from among the 5 city commissioners in their ranking of the final 13.  Gretsas is tied for third  with Mr. Hoover, behind Mr. Ley with 3 votes, Mr. West with 3 votes, and the leader with 4 votes George Kolb, who is described as the Administrator of Augusta, Georgia. Mr. Hoover is former City Manager of Worcester, Massachussetts, and Mr. West, City Manager of Johnson City, Tennessee. 


Fort Lauderdale Poised for Development That Has Been Stalled.


Mr. Gretsas appears to offer Fort Lauderdale experience in city management and city revitalizaion, his rivals do not appear to have. Fort Lauderale needs both in addition to the ability to budget-cut in their next City Manager.


Vice Mayor Dean Trantalis, is quoted Sunday in the Sun-Sentinel, as pointing out Fort Lauderdale’s penchant for coming up with plans and never implementing, something that George Gretsas can never be accused of.


Trantalis, in the Sun-Sentinel says, “I look at it (The South Andrews Avenue Master Plan, released last week), as pie in the sky, because every time it comes to implementing something, we come to a brick wall called insufficient staffing.”


 


Fort Lauderdale is also considering the South Andrews Avenue Master Plan calling for a mile-long section of “significant redevelopment,” that would include “affordable housing,” a new hotel, a transit system, and 1,000,000 square feet of office space, 275,000 square feet of retail (similar to City Center development), 350,000 square feet of warehouse use,  including 1,842 units of residential and 400 hotel rooms.


The key element about the South Andrews Avenue Master Plan is this dovetails neatly with Mr. Gretsas’ experience, and the Sun-Sentinel article on this plan notes “new land development rules must be approved, additional residential housing has to be allowed, and a parking management plan needs to be created and infrastructure improvements are required.”


Mr. Gretsas is an expert in formulating new land development vehicles in a hurry, (along with Commissioner of Planning, Susan Habel) such as the transfer of development rights legislation created for Louis Cappelli to ease his ability to develop the Halpern site at 221 Main Street. Gretsas has brought in developers, found projects all in less time than Fort Lauderdale has been considering its redevelopment.


Wanted Bonus Density for Affordable Housing


Mr. Gretsas has also, worked on affordable housing quotas in any new development. According to Fort Lauderdale City Commissioner, Carlton Moore, this is one of his (Moore’s) priorities. The Sun-Sentinel in Sunday’s issue has Moore saying Fort Lauderdale is looking for a “legal vehicle” to sell “bonus density units in exchange for affordable housing units.” This is exactly what Mr. Gretsas has created for the City of White Plains, and successfully twisted developers’ arms to get it.


There is yet another stalled project on the Fort Lauderdale waterfront, the Palazzo Las Olas on the Intercoastal Waterway that has been stalled since 2001. Palazzo Las Olas “incorporates public parking, a city owned and operated information center and a waterfront promenade. All this in an upscale mixed use residential and neighborhood retail-shopping village,” including 75,000 square feet of retail space, according to The Boating News.


How About a New Home for the Marlins? It Could Be Coming.


Fort Lauderdale has also been proposed to be the new home of the Florida Marlins. A group in January is seeking to purchase the old Fort Lauderdale Stadium (formerly Spring Training home of the Yankees), raze it and build a $200 Million ballpark to house the Marlins at no cost to the city of Fort Lauderdale. This was proposed in January and offers a unique opportunity to pour taxes and revenue into the city.


What are the Odds?


Gretsas was voted for by Mr. Trantalis and another newly elected Commissioner Christine Teel.


Ms. Teel, newly elected, in her biography says she is development oriented, including “master planning of business corridors along Oakland Park and Commercial Boulevards, refurbishing existing parks”(check Mr. Gretsas’ creation of Liberty Park, the almost-there New York Presbyterian Hospital park deal, the acquisition of the D’Elia Property, the Renaissance Plaza).


Commissioner Cindi Hutchinson, who did not have Mr.Gretsas on her “scorecard” is a possible swing vote, being deeply committed to Broward General Medical Center, since it is in her District, and is fully behind the South Andrews Avenue project. Mr. Gretsas’ track record of ability to move parties through a complex project quickly  could appeal to her.


Mayor Jim Naugle also is behind the South Andrews Avenue Project and likes increased density in exchange for a fee. A developer appears to be needed for this project.


Down the Stretch they come.


Mr. Gretsas’ other rivals do not share his ability to get things done, and are not from resort areas. Mr. West is from Johnson City, Tennessee. Mr. Ley  is the County Administrator of Sarasota County, whose pay, including benefits is $200,000  and is said, in the Venice Gondolier, to have only applied for the Fort Lauderdale job to “test his marketability.”


Mr. Kolb is the lead candidate, and has 30 years of experience, and appears to be the chief rival. His only claim to development that WPCNR has been able to find is the Augusta Common in downtown Augusta, Georgia. His contract is also up in June, 2004. Kolb received 4 votes from Ms. Teel, Ms. Hutchinson, Mr. Trantalis, and  Mr. Moore, but the Mayor, Mr. Naugle, of 12 years did not vote for him.


Mr. Hoover is from Worcester, Mass, where he was attempting to lure a hotel complex into downtown Worchester.


Mr. Gretsas is also a good buy for Fort Lauderdale, being that they should not have to pay him the top dollar for the job as they would Mr. Ley and Mr. Kolb.

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About Our Schools returns.

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WPCNR SCHOOL DAYS. May 9, 2004: Laurette Young reports that the City School District has published its long-missing newsletter, About Our Schools, online. The four-color flyer, formerly distributed in The White Plains Watch when it covered all residences in the city,  has also been mailed across the district and residents should be receiving it if they have not already. If you would like to read About Our Schools online, go to this weblink: http://www.wpcsd.k12.ny.us/BDGT/index.html

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Auditions for Romeo And Juliet for Piper Theatre Productions

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The 4th Annual Yonkers Shakespeare Project’s open auditions for Romeo and Juliet at the new Yonkers Riverfront Library, One Larkin Plaza, Yonkers. Times: 12:15-4pm Full availabiltiy and serious students only. Seeking teens ages 13-19 for July 2004 Productions.
Piper Theatre Productions is a non profit theatre company that incorporates professional actors and local talent. All actors will be treated as professionals. There is an intense two week rehearsal period which involves both days and evenings followed by a three weekend performance schedule (Thurs/Fri/Sat). All actors must be available for these times.

While we cannot pay equity scale to non union talent, there will be a nominal honorium to cover some travel expenses. Actors will be asked to take part in the striking of the set, the movement of props and costumes, publicity, and end of the show basket collecting.

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The U.S. Jaycees Come To White Plains

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The United States Jaycees is a nonprofit organization founded in 1920, and open to men and women ages 21-39 (our chapter is open to individuals who work or reside in Westchester). The purpose of this organization is to give young people the tools they need to build the bridges of success for themselves in the areas of business development and networking, management skills, individual training, community service, and domestic and international connections.


Jaycees can be found in all walks of life: government leaders such as Bill Clinton and Gerald Ford, business tycoons such as Domino’s Pizza mogul Tom Monaghan, and shorts heroes such as basketball great Larry Bird—name the field and Jaycees can be found at the forefront. Mayor Delfino of White Plains was a former Jaycee himself!

At the end of October 2003, the White Plains Areas Jaycees revived its existence (it had disbanded in the 1960s) and newly regained its charter to become a chapter of the Jaycees. Development and recruitment efforts began slightly over one year ago. Combining the efforts of a newly elected and highly motivated board of directors/officers and the help of its members, we expect to increase in size and influence rapidly.

Our organization gears itself towards the young civic-minded individual who wants to have an active voice and positive impact in the community. In terms of business and leadership, it allows motivated individuals, outside of the workplace, to develop the skills and talents that they need to succeed in their chosen profession. We achieve our goals not only through the active participation in managing and running a nonprofit organization, but through management and business skills workshops that are taught, taken, and offered to the community at large. Such activities provide unlimited opportunities for growth and experience that might not otherwise be available in typical organizations encompassed primarily by older and more seasoned members. The comraderie of our peers facilitates professional and personal achievement, and encourages members to become even more actively involved. Furthermore, our concerted community service efforts allow us to address matters of public concern, and provide assistance to those who need it.

We hope to become a positive force in an already vibrant community, and to grow and develop in conjunction with our quickly expanding and changing surroundings.

We encourage those young professionals who are looking to make new contacts and strides in their career to contact us. Our membership chair, Dave Blake can be reached at (914) 924 5120, or email at david.blake@whiteplainsjaycees.org. Robert Klein, our president, can be reached at (914) 419-8126 or at robert.klein@whiteplainsjaycees.org


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Moody’s Rated City Bond AA-1 Negative in March. S & P Stable.

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WPCNR CITY HALL LIMITS. By John F. Bailey. May 7, 2004: The city move to transfer the assets and personnel of the White Plains Parking Authority under city control to replenish its dwindled fund balance, announced yesterday, comes five weeks after Moody’s, the bond-rating service redesignated the city’s General Obligations as AA-1 Negative on March 26.


Standard & Poor’s Corporation, the other bond-rating agency, classifies the city’s financial outlook as “outlook stable as of now,” with the S & P  analyst noting that the next review would come in March of 2005, or “anytime within the year.”


 


The Moody’s analyst WPCNR spoke with Friday afternoon said  the “negative outlook” indicated “a possible trend” in city finances, “with no rating review committee review at this time.” The analyst did say that review could come at any time in the next year.


Eleanor McDonald, criticised city financial management during Monday evening’s Common Council meeting, said when asked by WPCNR what the Negative rating meant, that she contacted Moody’s and got clarification from the Moody’s man. She said the Moody’s analyst told her the city was being “challenged  (with the Negative rating) because of their operating deficits over the last two years.”


McDonald pointed out to WPCNR that the city had balanced the budget with $10 Million this year from assets of the Parking Authority  and was looking to balance the 2004-05 budget with $5.4 Million (from the Parking Authority) this year, as ab example of the operating deficits, as well as bonding for rolling stock to the tune of $1.7 Million in 04-05 and bonding for 2.3 Million to pay off their obligation to the state pension fund, announced Wednesday.


McDonald, who is former comptroller of the Town of Harrison and the Town  of  Greenburgh, said that the transfer of Parking Authority assets proposed yesterday by Ted Peluso and George Gretsas, The Mayor’s Executive Officer, would be considered a “material event” that would most likely be considered by Moody’s and Standard & Poor’s as a reason to reaffirm the city credit worthiness, particularly since the transfer would bulk up the fund balance. Mr. Peluso, the consultant, who along with former White Plains Budget Director, Eileen Earl, yesterday in a report recommended absorption of the Parking Authority by city,  estimated yesterday the Fund Balance would go up to approximately $10 Million from its current level of around $5 Million. 


McDonald said that would most likely be an event that would force the bond authorities to reassess their bond rating.


Ms. McDonald cautioned however that the authorities would look at the whole picture, too, of what the city is doing. She noted dryly, that the sales tax projection of $37.8 Million was “a hefty projection.”

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