Co-op City Times 12/13/14

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Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2014 Co-op City Times

Discounted parking available to Co-op City visitors during the holidays Vol. 49 No. 50

Co-op City shareholders are reminded that discounted parking hours are available to their visitors this holiday season, specifically, on Christmas Eve, Christmas Day and New Year’s Eve. The discounted parking fees will be in effect from 12 p.m. until 6 a.m. on the following days: Christmas Eve, December 24; Christmas Day, December 25; and New Year’s Eve, December 31. On these three days, visitors can park in Riverbaymanaged parking facilities for only $5 from 12 p.m. (noon) to 6 a.m. “Most garages exploit the fact that it’s the holidays and an opportunity to make money,” said Warren Mitchell, Director of the Riverbay Parking Facilities Department. “In the case of Co-op City, however, residents benefit because hopefully, this is an opportunity for their relatives and friends to visit during the holidays without having to spend an exorbi-

BY ROZAAN BOONE

tant amount of money for parking.” Mitchell said that visitors will be directed to park on the roof of the garages where ample parking is available. “This is especially important in Section 5 where our garages are already overwhelmed with cooperator parking,” he said. “However, as long as the weather is good, we will have more than enough available parking on the roof in (Continued on page 4)

Board approves overtime charges for community room rentals BY ROZAAN BOONE At Wednesday’s Board meeting, the Riverbay Board of Directors approved overtime charges for the unauthorized use of Riverbay’s community center rooms that are leased for private functions. Resolution 14-66, which was introduced by Board Secretary Francine Reva Jones and seconded by Director Evelyn Turner, states that: “Whereas, the Riverbay Corporation’s (Corporation) Board of Directors is entrusted with the custody of assets and the administrative control of expenditures for the corporation; and… “Whereas, the rates for unauthorized overtime in the community centers have not been increased in over 19 years, despite the increasing costs to Riverbay, and “Whereas, that the rates for unscheduled overtime, any event that goes past the eight (8) hour time allotment without scheduling it prior, shall be increased; …” Effective immediately, the new rates for unauthorized overtime which applies to any event that goes past the 8-hour allotted rental period, will be: $500 per hour for Auditoriums A, B, & C in the Dreiser Center which are rented collectively; $400 per hour for Auditorium B; $300 per hour for Rooms 31 in the Bartow Center, as well

Riverbay Board cuts health insurance hike by $1 million through new broker

Saturday, December 13, 2014

as Room 45 and Auditoriums A & C in the Dreiser Center; and $200 per hour for smaller rooms in any of the community’s three community centers. “We strive to accommodate each and every function so that it’s a pleasant experience,” said Kim Umstead, Riverbay’s Director of Commercial Leasing. “Unlike catering halls, we offer extended hours which include decorating and clean-up time. However, when functions go past their contracted hours, it delays the cleanup/set-up required for the next function. Unauthorized overtime is any amount of time spent in the rented room past the eight hours specified on the paid, signed contract.” Resolution 14-66 stipulates that all monies collected from the unauthorized overtime of community center rentals will be returned to the Commercial Leasing Department budget to help defray the cost of community center renovations. Resolution 14-66 was approved by Directors Helen Atkins, Linda Berk, Bernard Cylich, Bill Gordon, Leah Graham, Othelia Jones, Rev. Dr. Calvin E. Owens, Leslie Peterson, Evelyn Turner and Khalil Abdul-Wahhab. Directors Daryl Johnson, Andrea Leslie and Board President Cleve Taylor voted no; Board Secretary Francine Reva Jones abstained, and Director Al Shapiro was absent.

Facing a potential 37% increase in health insurance premiums for the plan that covers nearly 300 Co-op City employees, the Riverbay Board of Directors approved a new coverage policy that will cut that hike to 12%, saving the company nearly $1 million. With a deadline by year’s end to have the new coverage policy in place, the Board passed Emergency Resolution #14-74 at its meeting on Wednesday, Dec. 10 by a vote of 12-1 (see Resolution on page 8) and selected Difference Card to manage the health insurance program next year. The full Board of Directors received an hour-long presentation from both of the two brokers competing for Riverbay’s health insurance business that covers non-union management employees and PBA members in Public Safety. Both brokers were introduced to the Board by Riverbay’s Human Resources Director Colette Ragin. Board members asked numerous

BY JIM ROBERTS

25¢

questions throughout the presentations and all Directors had the opportunity to actively participate in the selection process under the new approach to governance led by Board President Cleve Taylor. According to the Emergency Resolution, “WHEREAS, previously management negotiated medical insurance renewal premiums and annually selected the insurance carrier; and WHEREAS, It is consistent with the Board’s goal of transparency and financial stewardship to ensure that the cost of providing employee medical insurance is done in the most economical and open manner…” Had the Board voted to just renew the current policy with Aetna, the premiums would have skyrocketed from $3.8 million this year to $5.3 million in 2015, an increase of $1.5 million. The extremely high proposed hike was caused by a large increase in major

Why are carrying charges due by the 10th of the month?

At a recent Budget Committee meeting, Riverbay’s co-Interim General Manager and Director of Finance, Peter Merola, was asked why shareholders could not be given until the 15th of the month to pay their carrying

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charges without incurring late fees. The corporation’s Finance Director pointed out that Riverbay’s mortgage is due on the 10th of each month. This (Continued on page 2)

Heroism Honored … The New York State Shields, Inc., a fraternal organization

of retired and active New York State law enforcement officers, last week honored two Co-op City Public Safety Officers – Mike Marsanico and Matthew Colletti-Brown — for heroically chasing down and subduing an armed man, wrestling the loaded gun away from him and an accomplice, securing the weapon, and arresting the dangerous armed suspect. The incident occurred on a July Saturday at the busy intersection of Bartow and Baychester Avenues. Attending the ceremonies last week were: (l. to r.) Public Safety Officer Raymond Bermudez, Officer Marsanico, Chief Frank Apollo, Officer Colletti-Brown and Detective Joe Monahan.


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