Petition period ends this Monday, April 3 Co-op City’s official newspaper serving the world’s largest cooperative community.
Vol. 52 No. 13
© Copyright 2017 Co-op City Times
Saturday, April 1, 2017
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Nine shareholders have picked up petitions for 2017 Riverbay Board Election
As of press time Friday, March 31, nine shareholders had picked up qualifying petitions indicating their intention to run for a seat on the 2017 Riverbay Board of Directors. The deadline to return all signed petitions is 5 p.m. this Monday, April 3. The Riverbay Board of Directors election will be held on Wednesday, May 24. Shareholders will vote to fill five seats on the Riverbay Board as the terms of Board President Linda Berk, and Directors Leah Graham, Daryl Johnson, Kevin Lambright and Marie Smith are expiring. There will be one vote per unit by residents who are shareholders of record as of April 3, 2017. So far, four of the five incumbent Board directors — Linda Berk, Daryl Johnson, Kevin Lambright, and Marie Smith — have picked up their petition packages. Five other shareholders, one who ran for the Board in the past, and four newcomers, also picked up petitions since they became available on Monday 20. They include Daniel Bowen, Stanley Frere, Aminah Lucio, Jerome Rice and Leah Richardson. Any shareholder in good financial standing can run for a three-year term on the Board. Seventy-five valid cooperators’ signatures are needed on candidates’ petitions in order for them to qualify for the Board election. Throughout this weekend, petitions are available from the Public Safety window in the Bartow BY ROZAAN BOONE
Center, however, these packages will not include the nominating petitions and the prospective candidate will be contacted to return on Monday, April 3, after their financial eligibility has been determined by the Finance Department to pick up their petitions which must be turned in by 5 p.m. After all candidates’ petitions are returned by 5
p.m., on Monday, the signatures on each petition will be certified against the signatures of shareholders of record of each apartment. Riverbay Corporation will enlist the assistance of a group of Riverbay employees who are not residents
Affordable Housing, Not Cheap Housing (Continued on page 5)
Since the vote on the budget, I President’s Message Riverbay was in complete disrepair. have spoken to many shareholders Our buildings were crumbling; the regarding the 1.9% carrying charge garages were ordered shut down for increase. Most understand that the safety reasons; the pea gravel under President price of everything increases, includthe buildings were leaking, threatening the prices Riverbay spends for ing the stability of the basements; labor and materials. They also underpipes were leaking all over the property; stand that we must maintain our property, windows that needed replacement and they want to live in a well-maintained the Power Plant in its misconfiguration community where the quality of life is was hemorrhaging millions of dollars not in question. instead of bringing in income. We also I believe that once shareholders had NO money in our reserves to repair understand the choices, they also these problems. understand that they are collectively Wells Fargo Loan owners of Riverbay and it is in everyWhen Wells Fargo made their largest one’s best interest to maintain a clean, loan ever and HUD backed their largest safe and appealing community. If we as loan ever, we became tied to these entia Board and a corporation do not do just that, ties for thirty years. They rescued Riverbay from a Wells Fargo and HCR will do it for us. After eight balloon payment loan that we would have never years of no carrying charge increases—a campaign promise from another Board president— (Continued on page 2)
Riverbay, City Officials Meet Regarding Riverfront Development
Linda Berk
Town Hall meeting to be held Wednesday, April 5 at Einstein Center Shareholders are encouraged to attend this year’s second Town Hall Meeting to ask questions of Board members, speak to Riverbay department managers with any concerns and meet the new assistant executive general manager from Douglas Elliman Property Management. The Town Hall meeting will start at 7 p.m. in the Einstein Community Center, room 45. Beginning at 6 p.m., department heads will be available to speak about any questions shareholders have that need to be addressed. To make full and efficient use of the time, those (Continued on page 4) who wish to ask questions during the Town Hall BY JIM ROBERTS
Efforts to develop recreational access to the Hutchinson River in Co-op City took a step forward this week when Robert Klehammer, executive general manager of Douglas Elliman, Riverbay’s managing agent; and Noel Ellison, Riverbay General Manager, hosted a meeting with New York City officials on March 28 in the Bartow Center. “We will continue to pursue any development opportunities that will enable us to beautify the waterfront area for shareholders,” said Ellison. Riverbay Board First Vice President Bernard Cylich also attended the meeting. Iris Rodriquez-Rosa, Bronx Borough Commissioner for Parks, the First Deputy Commissioner from the Mayor’s Office of Community Affairs, and several officials from the City Parks department attended the meeting to discuss next steps. Rodriquez-Rosa is moving forward with current projects, including the opening of the High Bridge, community-led renovations to St. Mary’s Park and the construction of Estella Diggs Park. During meetings earlier this year, Riverbay Board President Linda Berk and officials from Riverbay met with city officials at City Hall to discuss improved services and the possibility of a new youth center that the city would develop in Co-op City. “We hope to have separate meetings in the future to discuss city funding for a recreation center here,” Klehammer said. Photo by Jim Roberts
SCRIE/DRIE Applications
Shareholders 62 years of age and those with qualified disabilities who meet all of the criteria for the Senior Citizens Rent Increase Exemption (SCRIE) and the Disability Rent Increase Exemption (DRIE) programs are reminded that if they have not yet applied for these programs, they must wait until after the carrying charge increase order has been received from the commissioner of the NYS Homes & Community Renewal (HCR). Applications must be completed using income data from your 2016 federal and state tax forms. Shareholders are also advised NOT TO apply for SCRIE or DRIE online via the NYC Department of Finance website, although the application can be downloaded online. Completed applications must be mailed to the address provided on the application form.
income affidavit notice — see page 3