Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2017 Co-op City Times
Vol. 52 No. 11
Saturday, March 18, 2017
Board approves 1.9% carrying charge increases in 2017, 2018 BY JIM ROBERTS At its March 15 meeting, the Riverbay Board of Directors approved a new twoyear budget from April 2017 to March 2019 that will increase carrying charges by 1.9% in each year on June 1, and raise parking fees by 5% in the first year only. The vote was 10-4 with one absence. Effective June 1 this year, the average carrying charge per room will increase $4.11 per month and in June 2018 the increase will be $4.19 per room, per month. One week earlier, a majority of the Board, by a vote of 8-6 with one absence, rejected a budget that had a 3.7% carrying charge increase in the first year and no increase in the second year, along with the parking fee increase. The approved budget, Emergency Resolution #17-21, was submitted by Board President Linda Berk and seconded by Directors Kevin Lambright and Claudia Sampson at Wednesday night’s meeting. Voting yes on the new budget were Berk, Lambright, Sampson, First Vice President Bernard Cylich, Directors Sonia Feliciano, Francine Reva Jones, Andrea Leslie, Marie Smith, Rod Saunders and Evelyn Turner. Voting no were Board Treasurer Deborah Jenkins, and Directors Daryl Johnson, Leslie Peterson and Junius Williams. Director Leah Graham was absent for the vote. Riverbay’s operating budgets for the next two years remain flat and the increased revenue for Riverbay will help fund the $111.8 million projected over the next five years to pay for capital projects, including the replacement of elevator motors, balcony and façade repairs and waterproofing below porticos. Riverbay’s executive general manager, Robert Klehammer, thanked the Board for their support in providing funding for the many capital projects required to maintain Co-op City. “I appreciate the Board understanding the need for infrastructure improvements to address the critical repairs needed in Co-op (Continued on page 4)
Ice and snow combo creates a difficult clean-up for Co-op City
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Budget and Five-year Capital Plan By the printing of President’s Message cal projects that are this issue, the Board required because of our of Directors would mortgage. These inhave voted on two resclude the ADA compliPresident ant front doors to our olutions for the Riverresidential buildings, renobay Corporation budget vated store fronts in our for 2017–2019. The two shopping centers and rebudget proposals are, moval (or appropriate remone for no increase in edy) of the cement T-bars carrying charges and one on the roof of our garages. for increases of 1.9% as In addition to the reof June 1, 2017 and 1.9% quired capital projects, for June 1, 2018. I will be urging Board there are issues we must directors to do the diffiaddress now. One hundred cult task of voting for the and sixty elevators (160) 1.9% increase. Last week, the Board in our high-rise buildings require voted down the first budget, with a replacement. While these elevators 3.72% increase for June 1, 2017 with are safe to ride, when these motors wear out, the elevators will be out of no increase next year. While Riverservice. There are already three buildbay has not had an increase in operaings with just one elevator; we cannot tional budget in seven years and we currently have a surplus that would allow two elevators to be out of comallow us to operate without an mission in any building. Additional increase, the surplus alone is not sufnecessary projects is the Local Law ficient to cover the necessary capital 11 work, required by the City of New projects at Co-op City. York. We are required to inspect the What are the necessary capital projects? First, there are the non-criti(Continued on page 8)
Linda Berk
See 2017 Election Rules on page 24-27
BY BILL STUTTIG When weather forecasters lifted the blizzard warning for New York City early Tuesday morning, the perception of broadcasters and the general public was the region had been given a huge break as the predicted 18 inches of snow was replaced by expected amounts of between 6 and 8 inches of snow and sleet. But the amount of snowfall for Co-op City – which was roughly nine inches – does not nearly tell the story of how problematic this storm was for this community and how difficult the clean-up was for up to 200 Riverbay workers who shoveled, plowed, scraped and salted for 30 hours over a two-day period to help make the community’s walkways and sidewalks and parking facilities Parking Facilities staff clean the walkways outside Garage 4 early Wednesday morning after safe and passable. the overnight sub-freezing temperatures refroze “In my 24 years of surfaces throughout Co-op City. here for the working Photo by Bill Stuttig Grounds Department, this is one of the most difficult storms we ever tackled,” said Grounds Department supervisor Jason Ravitch, who, along with Grounds Director Donovan Plummer, fellow supervisors Alberto Velazquez and Mike Ambo and Assistant Supervisor Dindyal Persuad, led and worked with more than 40 Grounds workers and 12 temporary workers in cleaning areas from (Continued on page 3)
Petition period for 2017 Riverbay Board election begins this Monday, March 20 BY ROZAAN BOONE Shareholders interested in serving on the Riverbay Board of Directors can begin picking up their qualifying petitions this Monday, March 20, for the 2017 Board election, scheduled for Wednesday, May 24. Petitions will be available from the Riverbay receptionist at the Administrative Desk in the Bartow Center, located at 2049 Bartow Avenue, between the hours of 9 a.m. and 5 p.m. each weekday starting on Monday, when the prospective candidate’s eligibility to run in the Board election will be verified prior to them receiving the petition package. Section B (1) & (3) of the 2017 election rules, published on pages 24-27 of this issue, lay out eligibility criteria of candidates, requiring that all candidates running for election to the Riverbay Board must be the shareholder of record as indicated on the candidate’s stock certificate, occupancy agreement and the current Occupants’ Annual Affidavit, and must continue to live in Co-op City for the duration of their term in office. In addition, a prospective candidate cannot be indebted to the Riverbay Corporation for carrying charges or other debts when picking up petitions, on the date they are certified, and the date votes are counted. Prospective candidates must also remain current throughout the election period until they are sworn into office, if elected. (Continued on page 2)