Capital Planning and Development Committee:

The Capital Planning and Development committee will report directly to the Board. It will be chaired by one member of the RIOC Board and will be made up of two additional Board members and five other individuals, selected based on qualifications established by the Board. This Committee will advise the Board on all planning and development activities, including but not necessarily limited to: South Town, South Point, conversion of schools, infrastructure and assisted living. It will be the committee's function to obtain community input, counsel and advise the Board regarding planning and development issues.

In order to accomplish this the committee responsibilities may include:

• Planning related activities, including but not necessarily limited to meeting with planners, developers, government officials, architects, engineers and consultants involved with projects proposed, planned and/or implemented.
• Periodically coordinating with the strategic planning committee regarding planning issues.
• Establishing standards, measuring performance and assessing management of development activities.
• Reviewing reports and correspondence from RIOC staff on development activities, and providing advice on related issues for the Board.
• This committee shall meet at least monthly and report to the Board Chair and Board, as appropriate, regarding the status of all development activities. The committee shall also oversee the development project progress by RIOC staff. Such oversight shall at a minimum include a listing of significant milestones and activities, the schedule for their achievement and actual completion dates.

Strategic planning committee:

The Strategic Planning Committee is responsible for advising the [RIOC] Board on issues related to plans for the development of Roosevelt Island. This Committee will be chaired by one member of the RIOC Board, additional membership of the committee will consist of two additional members from the Board and five other individuals, whose qualifications and experience will be specified by the RIOC board. Members of this committee should have an interest in working towards compiling a viable plan to move Island development toward fruition.

Committee efforts will focus on providing a consistent, comprehensive, community-sensitive and economically feasible development planning process, so that the Roosevelt Island community may achieve the quality of life and self-sufficiency needed for the Island to prosper. These efforts may include:

• Providing a framework in the form of formal plans for the development of Roosevelt Island.
• Establishing priorities, responsibilities and goals for the implementation of development plans.
• Monitoring the implementation of these plans.
• Evaluating the effectiveness of RIOC's development activities.
• In developing plans it will be the responsibility of the committee to insure that such island issues as: security, transportation, infrastructure needs, parks, retail space, financial planning, parking, traffic, infrastructure and the sea wall are properly taken into consideration.
• This committee shall meet at least monthly and report to the Chairman of the Board and the Board of Directors, as appropriate, but not less than quarterly, regarding all planning and development related issues.