Sunday, May 20, 2012

Brown tells BERC president to step aside - Pacific Business News (Honolulu):

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Reilly, complied with Brown’s but will remain as Buffallo Commissioner ofEconomic Development, Permit and Inspection By resigning, Reilly will forego $36,071q in compensation. He continues to be paid $91,162 annually as Buffalo’s economic developmen t commissioner. Reilly’s resignation as BERC president comezs in the wake of two controversies one involving a series of loans made to a failexd DelawareAvenue restaurant, One Sunset and, more approving a change in the agency’s health coverage policuy that allowed for his girlfriend to be covered.
The healty insurance policy was enacted withouf approval or knowledge ofthe agency’s boar of directors, which Brown chairs. Buffalo Economic Renaissancee Corp. is one of the city’s primarhy economic development agencies. Browmn said earlier this year he askedJane Penska, Buffalo’s commissioner of Finance, Policy and Urban Affairs, to revie several aspects of BERC’s Penska uncovered the health care coverag e policy change. As of Aug. 1, that policy will be abolished. All BERC employeees will be covered bythe city’s curreny health insurance plan, which chargez a less expensive rate that BERC’ plan.
Brown said he expects to othee changes to BERC in thecomingf weeks. “So there is no confusio n amongthe public, this actiohn is a direct resuly of a directive I gave Commissionerd Penska six weeks ago,” Brown Brown also announced that E.J. Walton, a Harvard Business Schoolk graduate and top executive with First National Bankof Boston, has been hired as BERC’s new chief financialk officer. Walton will report directly to Brown.

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