Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2014 Co-op City Times
Vol. 49 No. 40
Saturday, October 4, 2014
Requests for new management bid proposals to go out on Monday
The ongoing procedure to find and contract with a new managing agent or general manager to run and oversee Co-op City on a day-to-day basis takes a big step forward on Monday, Oct. 6th as public requests for bid proposals will be published in major newspapers and posted online with designated portals and search engines. Board Director Bernie Cylich, Chair of the Riverbay Board Ad Hoc Search Committee, which has been charged with formulating a fair and thorough search procedure and seeing that procedure through until it results in a new management contract being placed in effect, possibly by early 2015, said this week that he is very satisfied with the progress of the search procedure thus
BY BILL STUTTIG
far and he feels confident that all requirements of a fair search procedure have been met and will continue to be met as the process goes forward in the months ahead. Director Cylich said that the committee work carried out so far included receiving approval from the state Division of Homes and Community Renewal (HCR) and the federal Department of Housing and Urban Development (HUD) as to the exact bid requirements outlined in the proposal requests going out publicly early next week. Board Director Linda Berk, coChair of the Riverbay Board’s Ad Hoc Search Committee, added this week: (Continued on page 2)
Hot water shutdown Wednesday
On Wednesday, October 8, there will be no hot water to all Co-op City apartments beginning at 11 p.m. Hot water will be restored at 7 a.m. on Thursday, October 9. Cold water and electricity will not be affected. This hot water shutdown is to allow the Power Plant to conduct its bi-annual maintenance. We apologize for any inconvenience and appreciate your understanding. —Power Plant
Riverbay presses for state changes to save $2M annually in electric costs Co-op City’s cogeneration plant fits the vision that Gov. Andrew Cuomo set out this April when he directed the State Public Service Commission (PSC) to radically change how New York generates and delivers electricity. But because of current laws, real estate companies, including Riverbay and major Manhattan developers who want to generate their own power but still remain connected to the overall electric grid, are being financially penalized. Relief could be on the horizon, however. As part of the dramatic change that the PSC is expected to present by next summer, Co-op City shareholders could save up to $2M in annual fees that Con Edison currently charges Riverbay for equipment that Riverbay installed and paid for already. Last month, Riverbay Corp. submitted public comments to the state PSC as part of the commission’s “Reforming the Energy Vision” (REV) initiative, a comprehensive study to examine how existing
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Open Board meeting in Einstein Center Wednesday, Oct. 8
Update on lobby doors and new garage access system
An Open Board meeting will be held on Wednesday, October 8 at 7:30 p.m. in Room 45 of the Einstein Center and Riverbay shareholders are encouraged to attend and be updated on the new lobby doors and alternatives to the current garage access system that are being reviewed. As is customary prior to the official beginning of Open Board meetings, cooperators who would like to ask questions relating to their individual apartments or discuss any issues of concern with Riverbay department directors and personnel, will be able to do so between 6-7 p.m., when staff from the various service departments at Riverbay will be available to meet with shareholders. In addition, shareholders who would BY ROZAAN BOONE
like to participate in the Gallery Session during the Board business meeting should arrive early and sign the list. “As I’ve said before, I encourage you to please come out to the Open Board meeting early to meet with the department directors to address your individual concerns regarding your apartment,” Riverbay Board President Cleve Taylor said. “They will be able to answer and expedite any problems. Members of the Riverbay Board of Directors are volunteers and have a number of important capital issues/projects to deal with. Our CSO and various other departments are abundantly capable to handle your needs.” The Board Business meeting itself (Continued on page 4)
Annual College, Career & Resource Fair today in Dreiser
Starting from 9:30 a.m. until 6 p.m. today, Saturday, October 4, the annual Co-op City College, Career & Resource Fair organized by Director Evelyn Turner and co-sponsored by the Riverbay Fund is taking place in the Dreiser Auditorium. Students in Grades 3 through high school and their parents are encouraged to attend. There will be financial aid and scholarship workshops, college reps, and career and internship opportunities at PepsiCo. Also, raffles for tablets and money orders for NY’s 529 College Saving Plan. Plan to attend! (For more details, please see flyer on page 21 in this issue)
Co-op City’s young authors receive proclamations for history making book
BY JIM ROBERTS
(Continued on page 21)
State Assemblyman Mike Benedetto presents proclamations honoring the accomplishments of the Building 18 Scholarship Incentive Awards Program (SIAP) at a reception outside Building 18 this past Saturday. The young people of the Building 18 SIAP created the art book President Obama’s To Do List in 2009 which was chosen for permanent display at the Smithsonian Libraries earlier this year. Receiving the honors were Ruth Edwards, the long-time leader of the Building 18 SIAP who guided the young authors along through the process of creating the book, and each of the eight young authors and artists: Bryce Campbell, Quentin Campbell, Tara Davis, Samantha Medina, Anthony Purnell, Matthew Salmon, Newton Salmon Jr. and Shaneice Silvera. (See pages 3 and 5 for more coverage.)