Co-op City Times 01/05/13

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Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2013 Co-op City Times

Vol. 48 No. 1

Saturday, January 5, 2013

Bus and subway fares and bridge tolls going up as of March 1st BY BILL STUTTIG In less than two months, it will cost more for Co-op City residents to get to and from work, stores, social activities, culture, and necessary appointments as the MTA Board voted on December 18th to increase local bus and subway fares, as well as express bus fares, commuter train fares, and MTA bridge tolls which include both the nearby Throgs Neck and Whitestone Bridges. On March 1st, the base fare for a local bus or subway ride will rise to $2.50 from

the current base fare of $2.25. Express buses, which thousands of Co-op City residents use to get to their jobs in Manhattan each day, will be rising from $5.50 to $6. And even drivers who use the Throgs Neck, Whitestone, or RFK/Triborough Bridges regularly will take a hit as the base toll to cross the bridge will rise to $7.50 per crossing, a $1 increase. Commuter rail service, such as Metro North, will also increase by up to 10% or possibly more. (Continued on page 2)

Seabrook sentencing scheduled for Tuesday in Manhattan BY JIM ROBERTS Convicted former City Council Member Larry Seabrook is scheduled to learn if he is heading to federal prison in 2013 and if he will be forced to repay up to $1.1 million in city tax dollars that a jury decided he illegally steered toward family and friends. Federal Judge Deborah Batts is scheduled to pronounce her sentence on the 62-year-old Co-op City resident

at 11 a.m. on Jan. 8 in a federal courtroom in Foley Square in lower Manhattan. Although Seabrook could get up to 180 years in prison because of his conviction on nine counts last July, federal prosecutors have asked for a sentence of seven to nine years and repayment of $1.1 million. (Continued on page 7)

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Luncheon planned for Jan. 16 to detail future projects made possible by HUD loan BY BILL STUTTIG What Co-op City residents can expect to happen in the coming weeks and months following the closing of the historic HUD-guaranteed Wells Fargo Bank refinancing loan will be the focus of a Riverbay luncheon scheduled for January 16th in the Dreiser auditorium. The afternoon presentation is designed for seniors to give them the chance to hear firsthand the improvements they can expect to see in the coming months and to get details on the procedures for the required installation of new smoke detectors, carbon monoxide detectors and ground fault interrupters (GFI) outlets in each of the more than 15,000 homes that comprise the community. One of the requirements for Riverbay to qualify for the low-interest $621 million refinancing package guaranteed by HUD is the installation of new additional safety equipment in each home to bring the community under compliance with

federal HUD standards. Riverbay has 18 months to install the required equipment in each home under the terms of the loan guarantee so work must begin shortly and

that requires the establishment of a procedure for residents to follow in order for Riverbay to gain access to each Co-op City home to install these required devices. In addition to the installation of new safety equipment, there is also a federal (Continued on page 2)

2012 in review: J u ly to December 2012 The following is an account of the major events occurring in or affecting Co-op City during the final six months of 2012 as reported by the Co-op City Times. Last week’s issue featured an account of the first half of 2012. BY BILL STUTTIG The second half of the year began with Riverbay’s annual fireworks display over the Hutchinson River. Hundreds of lawn chairs were set up on the Greenway near Section 2 as residents enjoyed the show while purchasing refreshments from local youth groups with proceeds going to the community’s sports organizations. July also began with the news that twice as many people were moving into the community as moving out, bringing the total of unassigned apartments in the community to a scant 22, making Co-op City a virtual sell-out. A Cablevision spokesman announced in early July that all of Co-op City’s public areas had been made WiFi accessible in the previous months, and all the cable company’s subscribers would be able to use their mobile devices for free throughout the community. At a July 18th open Board meeting, Co-op City shareholders were given their chance to ask questions and express concerns regarding the potential $621M lowinterest refinancing deal to be guaranteed

by the federal Department of Housing and Urban Development. Cathy Pharis from Wells Fargo Bank and Riverbay Counsel Jeffrey Buss updated the community on the potential deal as negotiations with the federal agency entered final stages and the deadline for closing on the historic loan approached. The Board of Directors originally planned to vote on a resolution to give Wells Fargo the go ahead to proceed in negotiating the final terms of the deal with HUD and then close, but it was decided before the meeting to wait in order to fully digest what the community had to say after hearing the comprehensive details of the loan. The Board’s vote to go ahead did not take place until later in the year. At the same Board meeting, Co-op City’s successful cogeneration plant took the next step forward in its development by bringing a temporary team of experi-

enced power plant experts to help upgrade operations over the next year. The leadership team idea, recommended by Riverbay’s ongoing cogeneration consultant Bill May, brought two credentialed professionals to join the Riverbay Power Plant team to provide guidance and training to the existing plant staff. During the open Board meeting, May explained that the goal of the next step in the plant’s history will be to provide new programs and additional resources to allow the Cogeneration Plant to “perform at its best and with the best efficiencies possible.” On July 26th, City Councilman Larry Seabrook was convicted on nine felony counts related to his office’s alleged misuse of public funds. After the conviction was announced, he was removed from the City Council. He is due to be sentenced on January 8th of 2013 and prosecutors said they will advocate for prolonged prison time for Seabrook, who previously held political offices for 28 years, including 10

years as Co-op City’s City Council representative. July ended with the good news that New York City public schools in Co-op City once again performed better on this year’s state tests than the overall District 11 results, with PS 153 Helen Keller leading the way with the best scores. The best performance in the entire district was scored by the fifthgrade math students at PS 153, where 88.8% of the children tested at or above proficiency for their grade level. District 11 overall tested at 58.2% on the 5th-grade math. Au gu st : On Aug. 1st, the Riverbay Board approved a resolution authorizing the hiring of a leading political strategy consulting group to help with efforts in lobbying for an amendment to the New York State Criminal Procedure Law which would allow Co-op City’s Public Safety Officers (Continued on page 3)


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