Vol. 57 No. 02
Saturday, January 8, 2022
Co-op Bill Signed Into Law by NYS Gov. Does Not Offer Relief to Co-op City
BY ROZAAN BOONE
January 6th, 2022
that a meeting of the Board of Directors of the Riverbay Corporation will take place on Wednesday, January 12th at 7 p.m. via Webex. PROPOSED AGENDA 1. Gallery Session 2. Roll Call 3. Approval of the Agenda 4. Approval of Board Business Meeting Minutes of November 17th, 2021 5. President’s Report 6. Management Report 7. SECOND READINGS #21-61 – Garage Call Boxes 8. Adjournment
Riverbay Board President Bernard Cylich
new year will be held virtually on Wednesday, January 12, at 7 p.m. on Webex. Shareholders who would like to address the Board and/or Management in the Gallery Session are asked to submit a request with their name to bcylich@ riverbboard.com. The Gallery Session will be from 7-8 p.m. The Gallery Session will be followed by the Board Business Meeting beginning with the Roll Call and approval of the agenda. The Board will then approve the minutes from the Board Business Meeting of November 17, 2021. Board President Cylich will deliver his President’s Report and Riverbay Executive General Manager Bob Klehammer, the Management Report. The Board will then vote on Resolution 21-61 for garage call boxes before the meeting is adjourned. To attend the virtual Jan. 12th Open Board meeting, shareholders may log in at https://bit. ly/338GdIO. Shareholders are invited to join the meeting to hear important matters before the Board and Management in order to be properly informed.
CCPD Arrests Three Males for Catalytic Converter Theft At approximately 11:30 p.m. on Thursday night, Jan. 6, CCPD patrol units interceded in a catalytic converter theft from a vehicle parked on Baychester Avenue, and apprehended two males after a foot pursuit that ended in the vicinity of Building 16. The suspects had been in the process of removing the converter from the vehicle. the vehicle and during a subsequent search of the immediate area, discovered a third male hiding under blankets in an Acura that the suspects were using as
$1.25
a get-away vehicle. and the third is a Bronx resident who does not live in Co-op City. As of press time yesterday, the three suspects were being processed. perps for,” said Chief Joseph Riley of CCPD. “The
By ROZAAN BOONE
New York State Governor Kathy Hochul signed New York Senate Bill A350C/S5105C into law on Dec. 22, 2021 that extends co-op protection meabut not Mitchell-Lama cooperatives such as Co-op City, limited dividend corporations, redevelopment corporations and Housing Development Fund Corporations. Riverbay Executive General Manager Bob Klehammer has expressed his disappointment to State Assemblyman Michael Benaedetto and State Senator Jamaal Bailey who he has been communicating with since last June when the New York State Legislature approved the legislation in order to inform them about the bill adverse impact on limited income housing corporations and their shareholders, and to enlist support for Co-op City’s objection to the legislation. “Since last June, we have been discussing S5105C and how it discriminates against affordable coops while rewarding rich Manhattan co-ops,” Mr. Klehammer wrote to Assemblyman Benedetto and Senator Bailey. “… Yet, the Governor signed this bill… The only future change to this legislation mentioned in [the governor’s] approval memorandum that would apply to affordable co-ops relates to the deposits we take from applicants for apartments. However, the entire community must absorb the costs of a defaulting shareholder because we can still not seek late and legal fees in a housing court proceeding. Why should complexes like Co-op City not receive the same protections that have now been awarded to Park Avenue residents? This is very disappointing to our community and will cost us over (Continued on page 4)
an outstanding job.”
BXM7 Bus Stop Relocation & Parking Notice
BY BRANDON ORTIZ
Both the CDC and FDA are now recommending that adolescents between ter receiving their second vaccine dose. series is complete, according to both the CDC and FDA. Notably, the shortening of the time period between primary vaccine series BioNTech vaccine. The CDC and FDA still recommend that Moderna vaccine recipients receive their booster dose six months following the completion of their initial vaccine series, and Johnson & Johnson vaccine recipients are recommended to receive their booster two months following their single dose. On Monday, Jan. 3, the FDA officially updated their Emergency Use clude 12 to 15 year olds in the eligible groups for the single booster shot, and to shorten the amount of time an individual has to wait before receiving their will allow children who have undergone solid organ transplantation and immunocompromised children between the ages of 5 and 11 to receive a third vaccine dose at least 28 days after their second dose. (Continued on page 2)
Beginning Thursday, January 20, cars parked on the NW corner of Einstein Loop East will be issued summonses. The BXM7 bus stop will be moved from its temporary location on Hutchinson River Parkway East back to Einstein Loop East. All southbound and northbound passengers will be picked up and dropped off at Einstein Loop East starting January 20. Rules will be strictly enforced for any vehicles that impede the bus stop. Photos by Katharine Wood