Howard P. Milstein Km?) ' x) ae New York State Thruway Authority ana New York State Canal Corporation Thomas J. Madison, Jr. Chairman 200 Southem Boulevard, Post Office Box 189 Executive Director ‘Albany, New York 12207-0189 vee tha. aoe (616) 436-2700, November 13, 2014 Dear Governor Cuomo, Ithas been an honor to serve the people of New York as Chairman of the New York State Thruway Authority for nearly 4 years. Moreover, it has been a privilege to work with you during this very productive period. We have become the mode! for the nation in our historic procurement of the New New York bridge which will replace the Tappan Zee. This groundbreaking accomplishment could never have happened but for your visionary leadership; and understanding of the reasons this project had languished for more than 10 years. The design build legislation you championed in the state legislature was the predicate for everything that followed. We were honored by the Regional Plan Association for this historic accomplishment and all New Yorkers will get the benefits of this work for generations to come by paying much lower tolls than would otherwise have been the case had standard procurement techniques been employed. The new bridge is a well-designed structure using state of the art technology. It will vastly improve traffic flow, add bus lanes and invite bikers and pedestrians in their own dedicated areas. Moreover, we have built in the capacity to add high-speed rail at a later date when that option becomes economically feasibl Construction is running on time and on budget and we anticipate completion without any cost overruns. More broadly speaking, we reorganized the staffing and management of the Thruway Authority and Canal Corporation to implement best practices at every level Adding private sector goal-oriented urgency to all our activities has yielded dramatic results and cost savings. We now have an outstanding professional staff led by Tom Madison, John Bryan, Mike Shamma and Ted Nadratowskisen i 2 6 @ ey as New York State Thruway Authority < > New York State Canal Corporation ee P. Milstein Se ae Thomas J. Madison, Jr. airman cum Boulevard Box 180 x Albany, New York 12201-0189 eae ‘ethan co0 (518) 496-2700 (Our board meetings are a model of engagement by our directors and have shown the public that we spend every dollar of their money with the greatest care. Ithas been an added advantage to serve with Virgil Conway, who has devoted so much of his life to public service. Lam proud to have played a role in implementing your vision of what the Thruway Authority could be. With these accomplishments firmly in place and as you prepare for your second term, it is aan appropriate time for me to return full-time to my other business and philanthropic activities and to pass the baton to a successor. With this letter I tender my resignation effective November 30, 2014. Sincerely, Howard P. Milstein HPM/kk