Providence Committee on Finance-Tuesday, November 25, 2025-5:30 PM
Call to Order and Roll Call
The Committee on Finance regular meeting was called to order on November 25, 2025, at 5:31 PM. A roll call was conducted, confirming the presence of four committee members and the absence of one.
Items 1 and 2: Tax Stabilization Agreement Ordinance Repeal and Amendment
The committee voted to combine and substitute Items 1 and 2 regarding a tax stabilization agreement for 8000 Realty LLC. Due to a lack of review by the law department, a motion was approved to continue both items for additional work.
Item 3: Appointment of Eugene McBray to the Providence Public Building Authority
The committee reviewed the mayoral appointment of Eugene McBray to the Providence Public Building Authority for a term expiring in 2028. After reviewing his resume and questioning him on his real estate background and perspective on housing, the committee voted unanimously to approve the appointment.
Item 4: Reappointment of Barank Powley as Executive Director of PERA
The committee considered the reappointment of Barank Powley as the Executive Director of the Providence External Review Authority (PERA) for a two-year term. Powley discussed PERA's achievements, community outreach efforts, and budgetary needs, after which the committee voted unanimously to recommend his reappointment.
Adjournment
The chairperson provided closing remarks encouraging continued collaboration between PERA, council members, and state officials. A motion to adjourn was made and approved, concluding the meeting.