Co-op City Times 2/2/19

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Vol. 54 No. 5

Riverbay Board Votes To Remove Director For Violating Fiduciary Duties

The Riverbay Board voted 8-4 with three abstentions on Wednesday night, January 30, to remove Director Junius Williams from the Riverbay Board of Directors. The vote was conducted in open session. The meeting was held by the Board to hear Director Williams’ response to several charges of malfeasance brought against him for violating HCR Regulation 9 NYCRR 1725-2.4, Article III, Sections 3 (c) and 3 (h) of the Riverbay Corporation By-Laws, Resolution 224 of 1977, and his fiduciary and administrative duties to the corporation. Specifically, Director Williams was charged with: • Requesting and obtaining the confidential resident ledger and ten (10) year payment history of a shareholder and a fellow Board member; • Failing to follow established corporate resolutions and procedures for requesting said confidential corporate information; • Allowing said confidential information to be publicly disclosed; • Failing to strictly safeguard said confidential information; and • Exposing a Riverbay employee to disciplinary action. Riverbay Board President Linda Berk opened the hearing with brief remarks on the purpose of the proceeding. “This is an unfortunate situation, not pleasing to any of us on the Board, but it is necessary,” she said. “However, as part of our fiduciary responsibility to the corporation and you, the shareholders, we cannot ignore any situation that jeopardizes the corporation or you.” Riverbay General Counsel Jeff Buss oversaw the hearing, noting: “In the history I am aware of, this Corporation conducted a similar proceeding in BY ROZAAN BOONE

Public Advocate Candidates’ Forum In Co-op City, Feb. 17

Protecting Shareholders Personal Information Saturday, February 2, 2019

$1.25

(The following is the summaimportant information on each of tion I gave at the Wednesday, President’s Message us. Since the revamping of the January 30, hearing of Junius Board and new Management, we Williams.) have done an excellent job in proPresident It is my firm belief that we are tecting personal information and elected to the Board of Directors there has been no reporting of to protect Riverbay Corporation and breached data except for this case by a every shareholder. Abuse of power and Riverbay Board director. That is a credit personal, inappropriate actions by Board to the way we are doing business now directors should never be permitted or and it is necessary to continue that procondoned. If a Board director can have tection. their personal and confidential informaBoard directors have legal access to tion breached, how do we look shareall corporation documents. As the top of holders in the eye and assure them that the corporation, it is imperative that we their personal and confidential informaas directors perform our duties ethically, tion is safe? responsibly and legally. This time, it In a time when each of us must be concerned was a Board director, the president, whose perabout identity theft, it is even more imperative sonal information was breached. If we do not that Riverbay Corporation be vigilant about protake a zero tolerance for breach of information, tecting the privacy of each shareholder. Riverbay tomorrow it could be any other shareholder. Corporation is the custodian of very valuable and Tomorrow, it could be (Continued on page 4)

Linda Berk

Arby’s Now Open In Bartow Mall

(Continued on page 2)

A second Candidates’ Forum has been scheduled for Sunday, Feb. 17, in room 31 of the Bartow Center for Co-op City shareholders to hear from the candidates seeking their vote for the office of New York City Public Advocate. The special election for the office of New York City Public Advocate will take place on Tuesday, February 26. Polling sites will open from 6 a.m. – 9 p.m. You may register to vote, update your existing registration, check your registration status and find your polling site by visiting www.voting.nyc.com, or by calling 3-1-1. You may also register to vote by mailing a completed registration form to the Bronx Board of Elections, 1780 Grand Concourse, 5th Fl., Bronx, NY 10457, or in person at a Board of Elections office by February 16. Online registration closed yesterday, February 1. This Candidates’ Forum/Meet & Greet is being BY ROZAAN BOONE

Arby’s in the Bartow Mall was under construction for the better part of 2018, but as of last Sunday, January 27, they are finally open to customers. “We’ve had a great turn around,” owner Akbar Durrani said. “Opening week has exceeded expectations.” After being delayed because of technical issues that were being worked out with the city, Arby’s is now open seven days a week. Customers might also recognize familiar faces behind the counter because the entire staff is from Co-op City, according to Mr. Durrani. Monday through Saturday, Arby’s will be open from 10 a.m. until 10 p.m., and on Sundays they will open at 11 a.m. and close at 10 p.m. Looking ahead to the coming weeks, Mr. Durrani plans to expand the hours during weekdays to accommodate breakfast menu options. Arby’s can be found right across from Rite-Aid in the Bartow Mall.

co-sponsored by the Coalition to Save Affordable Housing, the African American Association and the Co-op City Working Families Party, and all of the candidates who have so far qualified for the race have been invited to participate. Arrangements are being finalized and once a time has been set, it will be announced to the community. Initially, more than 20 candidates were running for this office, however, on Tuesday, Jan. 29, the Board of Elections held the final hearing on ballot petition challenges and appeals and then finalized 17 candidates to appear on the Feb. 26 ballot. The official candidates running for Public Advocate are former City Council Speaker Melissa Mark-Viverito, Assemblymember Michael Blake, attorney Dawn Smalls, City Council Member (Continued on page 4)

Fire at Building 29B

Photo by Brandon Ortiz

One woman was hospitalized due to a fire that took place on Friday, February 1, in Building 29B. Local fire fighters and police rushed to the scene to respond to the flames on the 22nd floor of the building. The cause of the Photo by Toriea McCauseland fire is still under investigation.


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