Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2010 Co-op City Times
Vol. 45 No. 4
Saturday, January 23, 2010
Riverbay’s General Counsel retained for additional three years BY ROZAAN BOONE The Riverbay Board overwhelmingly approved a new contract last Wednesday, January 13, for Smith, Buss & Jacobs, to continue as Riverbay’s General Counsel for the next three years. The firm of Smith, Buss & Jacobs was first hired in November, 2006 to provide General Counsel legal services to the Riverbay Board of Directors when an Ad Hoc Legal Search Committee chaired by then-First Vice President Al Shapiro presented a resolution to the full Board recommending the firm. Other members of that search committee included then-Second Vice President Rev. Dr. Calvin E. Owens, Board Directors Helen Atkins, Manny Torres, and then-Director Alonzo Newton, and a former Board Director, Nels Grumer. At the outset, the Search Committee
interviewed both individual attorneys and law firms before deciding to proceed with a firm since it was more cost effective. Eventually, the search came down to two finalists and the committee felt that Smith, Buss and Jacobs was large enough to handle Riverbay’s diverse legal issues capably, yet small enough to ensure personal attention. Speaking to the Co-op City Times at the time, Shapiro, Riverbay’s current Assistant Treasurer, said, “Ultimately, the Board will make the final decision, but I believe the Committee fulfilled its task of recommending what is believed to be the best candidate to serve in the sensitive and important position of General Counsel.” (Continued on page 4)
New Co-op City shareholders may qualify for first-time homebuyer credit
25¢
5% carrying charge increase for Co-op City shareholders becomes effective February 1 BY ROZAAN BOONE Co-op City residents will begin paying 5% more on their carrying charges on February 1, pursuant to an order by the state supervising agency for Mitchell-Lama developments, the Division of Housing and Community Renewal (DHCR). Initially, DHCR had estimated a necessary, one-time 10.55% to be effective February, 2009, or 7.04% increase over each of the next two years for the Riverbay Corporation to meet its projected expenses, but then reduced the figure to 6% for both February 1, 2009 and February 1, 2010. However, after hearing from scores of Co-op City’s shareholders, Board Directors and management officials through their letters to the agency and direct testimony during a hearing that was held in Co-op City in early January, 2008, where it was argued that the increases would place an unfair financial burden on the shareholders of the Riverbay Corporation, the state
decided to reduce the percentage increases to 6% in February, 2009 and 5% in February, 2010. Prior to the DHCR mandated increases, in December, 2008, the Riverbay Finance Department prepared budget projections calling for a 6% increase in carrying charges in 2009 to be followed by a 4.5% increase in 2010 for the corporation to meet its projected expenses as they relate to the existing mortgage. They then presented those projections to the Riverbay Board which approved the estimated increases. Riverbay’s application for the increase was then sent to DHCR for its review and approval. DHCR, in turn, came back with its own estimates of a one-time 10.55% or 7.04% each for both 2009 and 2010. The Riverbay community was subsequently given the opportunity to argue against the state’s estimates for the higher maintenance fees and many residents (Continued on page 4)
Local 32BJ Perfect Attendance Luncheon
(See details on Page 3)
All Co-op City surveillance cameras now digital BY BILL STUTTIG The Department of Public Safety fully immersed itself in the world of digital technology and surveillance as the last of the community’s more than 600 surveillance cameras, serving all buildings, shopping malls, garages and exterior public spaces are now digital, with all images instantly transmitted and stored on the Riverbay computer network for instant retrieval. This comprehensive and ambitious project, which was envisioned when Marion Scott Real Estate, Inc. first took over as managers of the development more than a decade ago, started to come to fruition more than two years ago as the use of fiber optic technology became more prevalent here. Rick Schmidt, Riverbay’s Director of Technology, said this week that for the past 20 months, ever since joining
Riverbay, a major portion of his duties have involved retrofitting every existing camera in the community to the new technology which provides for a digital quality image and instantaneous retrieval capabilities for Public Safety dispatchers, investigators and supervisors. Riverbay General Manager Vernon Cooper said this week, “Several key Riverbay departments, including Computer Services, Public Safety and Technical Services have coordinated their efforts over the past few years to make these technical innovations a reality for the residents of Co-op City. These digital enhancements allow us to be proactive as we strive to prevent crime and quality of life violations here. Our reaction to potential problems can now be more preventive (Continued on page 2)
Riverbay General Manager Vernon Cooper and Human Resources Director Collette Ragin, during a luncheon last Thursday afternoon, thanked and honored Local 32BJ employees who worked through 2009 without once calling in sick. Honorees were: Carmelo Acevedo, Jose Manuel Alvarez, Michael David Ambo, Reyes Julian Arauz, Ramon Baez, Anton Barlovich, David Brown, Dennis Brown, Stephen Brugman, Ralph Bruno, Leka Cacaj, Vinko Capnojevic, Louis Casale, Francius Charles, Filiberto Coreano, William Edpon Davis, Luis A. Duquela, Pedro Medina Fernandez, Lek Gjini, Paul S. Grant, Vito Vidal Martinez Guity, Reshat Haxhiu, Jose Hernandez, Franc Hota, Fabian Jakaj, Cordice Elias Joseph, Sina Kim Filip Kocovic, Kolja Kocovic, Naim Kurtovic, Genaro Lambert, Sami Lazellari, Ancell E. Leslie, Jorge Madera, Tameshwarnauth Mangroo, Marcos A. Marin, Perica Markoc, Fernando Martinez, Hector Manuel Martinez, Pablo Martinez, James McMillan, James Melendez, Benjamin Mercado, Jose Montalvo, Tomor Mrizaj, Bonifacio P. Mulero, Vin Mullings, Obed Ortiz, Steve Pachlin, Alfonso Pagan, Pablo Palacios, Toma Paljevic, Ndoc Parubi, Benjamin J. Pinckney, Pashko Pllumbaj, Rrok Pllumbaj, Peter Popvic, Louis E. Prato, Viktor Prelaj, Joseph Henry Purcell, Eduardo Ramirez, Jose V. Reyes Matos, Ricardo Ransford Riley, Alvin L. Rivera, Santo Rodriguez, Felipe Rosario, Wilfredo Rosario, Felix Rochez Ruiz, Earle Pete Rutty, Mark Shapiro, Sheverio Smith, Antonio Suazo, Luis Suero, Belarminio Tavarez, Antonio V. Tirado, Ricardo Torres-Colon, Wing Kwong Tse, Yiu Hang Tse, Marcelino A. Vargas, Ruben Vargas, Carlos M. Ventura, Raul Villar, Leroy Alphonso Williams, Gene Wooten, and Zef Zefaj. Photo by Bill Stuttig