PICA reappointed Marisa G. Waxman as Executive Director for a new term, effective January 29, 2025. The appointment remains in effect until a successor is appointed, or her employment is otherwise terminated or resigned.

PICA renewed Ballard Spahr LLP’s engagement as General Counsel for one additional year, retroactive to February 20, 2025. The renewal follows the terms of the original agreement, which allows for three one-year renewal options at PICA’s discretion.

PICA approved the City of Philadelphia’s FY2025-FY2029 Five-Year Financial Plan, confirming that it meets statutory requirements. The approval ensures that the City’s financial projections and budget planning align with legal and fiscal standards.

PICA approved a 4.25% salary increase for Executive Director Marisa Waxman, raising her base salary effective November 1, 2024. The resolution also adjusts her vacation leave accrual rate to 9.3% of regular hours worked, capped at 24.3 days per year.

PICA engaged Guidehouse to provide grants administration analysis and best practices recommendations for the City of Philadelphia, with services running from October 23, 2024, to June 30, 2025. The contract, based on a competitive RFP process, is valued at up to $175,000.

PICA has approved a resolution to retain Charles Swanson for professional consulting services to review and analyze the City of Philadelphia’s revenue assumptions and projections in its FY2025-FY2029 Five-Year Financial Plan. The contract, based on a proposal dated February 25, 2024, authorizes a fee not exceeding $9,000 to ensure the reasonableness of the City’s financial projections.

PICA approved a new seven-year lease agreement for its current office space at 1500 Walnut Street, Suite 1600, Philadelphia, PA. The lease, beginning September 1, 2024, includes a base rent escalation of 3% per year, with an average base rental rate of $19.71 per square foot.

PICA retained J. Miller & Associates, LLC to provide accounting services for the fiscal year ending June 30, 2025, with four one-year renewal options. The engagement follows a competitive RFP process in which J. Miller was the sole respondent and was deemed qualified for the role.

PICA reappointed Maher Duessel, LLP to provide financial auditing services for the fiscal year ending June 30, 2025, with four one-year renewal options. The selection followed a competitive RFP process in which Maher Duessel was the sole respondent and was deemed the best-qualified firm.

PICA approved its meeting schedule for FY2025 and set the annual meeting date for FY2026, ensuring compliance with the Pennsylvania Sunshine Act. The resolution formalizes meeting dates, times, and locations for the Authority’s fiscal year.

PICA elected its officers for a one-year term, appointing Mr. Vaughan as Chairperson, Mr. Kessler as Vice Chairperson, Mr. Karp as Secretary/Treasurer, and Ms. Sutch as Assistant Secretary/Treasurer. This election, held at the Board’s annual meeting, aligns with PICA’s bylaws and statutory requirements.

PICA approved funding for two staff members to attend the American Planning Association Annual Conference in April 2024 and two staff members to attend the Government Finance Officers Association Annual Conference in June 2024. The estimated costs, totaling approximately $11,454, were deemed reasonable and beneficial for the Authority.