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Riverbay Board awaits community’s input on bulk cable deal
Vol. 50 No. 10
Seven hundred of the 15,372 bulk cable ballots that were mailed to Co-op City’s shareholders last week have so far been returned to the Riverbay Corporation. Based on the history of carrying charge payments, the Riverbay Finance Department expects to receive at least 3,000 more ballots accompanying the March carrying charge payments over this weekend and into early next week. For this referendum on the bulk cable proposal to count, at least 10,248 ballots must be returned to Riverbay, and for the bulk cable agreement to be solidified, at least 6,832 of the 10,248 must approve the deal. Riverbay Board President Cleve Taylor reiterated this week that the bulk
BY ROZAAN BOONE
Eight-month progress report
Saturday, March 7, 2015
cable agreement is totally in the hands of shareholders. “The Board has set a high standard for approval,” the Board President said. “It has to be an overwhelming number of shareholders who want the bulk cable deal for it to move forward, so if this is something you want, you should make sure you get your ballots in by March 10.” The bulk cable ballots were included on the March carrying charge statements that began arriving in Co-op City homes last weekend. It asks shareholders to circle “yes” or “no” registering their vote for Riverbay Corporation to engage, or not, in a bulk cable agreement with Cablevision which would (Continued on page 2)
REMINDER: STAR DEADLINE IS MARCH 15th All Co-op City residents are eligible for the STAR exemption. The deadline for new applications is March 15. (See more on page 7)
Dear shareholders, of serving as PresiIt is our responsibil- President’s Message dent, attending every ity to preserve the qualmeeting held and ity of life and maintain spending countless President the curb appeal of our hours on property in property that we, as charge. A majority of shareholders of Co-op City, the Board members have have enjoyed throughout our faithfully attended these Bushistory in Bronx County. iness meetings, conducted Your 15-member resident committee meetings and deBoard of Directors is delebated the issues facing the gated with the task of reprecorporation. I am generally senting the shareholders in pleased with the Board's the decision making process direction. The majority Board that guides the corporation of Directors have helped me which we collectively own. to: In my opinion, during my administra• rid our property of corruption tion, the Board has done so to the best • reduce payroll cost of their ability, with varying levels of • get rid of questionable contractors expertise and experience. I believe the • return painting and plastering inRiverbay Corporation/Co-op City is house resulting in savings, lower comwell underway for a turn-around from plaints and improved internal controls the mistakes made in the past. • Address violations of the federal Progress Report Fair Labor Standards Act (FLSA) negoIn the past 8 months, the Directors tiated by our former managing agent, have held more Board Business meetMarion Scott Realty, Inc. ings than any other Board in the history • Mediated a federal labor violation of Co-op City. I have had the pleasure
Cleve Taylor
(Continued on page 4)
Energy consultant Bill May appointed as Riverbay’s Principal Power Plant Executive One of the east coast’s leading independent energy engineering consulants, Bill May, was recently appointed by cointerim General Managers Noel Ellison and Peter Merola as Riverbay’s new Principal Power Plant Executive. May, the owner of the energy consulting firm Durfee Landing Company LLC., has more than 35 years of experience with overseeing energy generation plants and has consulted with Riverbay periodically over the Bill May last seven years regarding improving the efficiency of the plant. In a recent interview with the Co-op City Times, May said of his new, more expanded role: “The help will come in
BY BILL STUTTIG
City Comptroller visits Co-op City seniors … City Comptroller Scott Stringer, accompanied by City Councilman Andy King (right), paid a visit to the seniors at JASA’s Bartow Senior Center early Wednesday afternoon and promised his office’s vigilance in making sure that funds earmarked for senior programs remain protected and are not threatened as they have been during previous administrations. “We have to protect the people who have given so much to the city over many years,” the Comptroller said. Stringer’s visit to Co-op City on Wednesday also included a talk with the Bronx Clergy Task Force and a visit with Co-op City’s interim coGeneral Managers, Noel Ellison and Peter Merola. Photo by Bill Stuttig
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the form of providing an experienced resource for the plant team to report to temporarily until the corporation has the time and considerations in place to permanently resource the project for the long-term. Help will also come in the form of immediate improvement in how we manage our ongoing capital projects that are required updates for the 50-year-old facility. I have 35 years of experience in energy project construction and maintenance to deploy on Riverbay’s behalf. I will be providing the leadership team with some planning tools to better evaluate how to fully (Continued on page 11)