Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2016 Co-op City Times
Vol. 51 No. 14
Saturday, April 2, 2016
Shareholders paying carrying charges online through new PayLease service BY JIM ROBERTS
As of earlier this week, nearly 200 shareholders have already started using PayLease, Riverbay’s new, convenient and cost-saving way to pay monthly carrying charges online in the first week it is up and running. Shareholders can now pay their carrying charges online to avoid having to send a paper check or take time off from their jobs to come into the Administrative Office to pay their bills each month. “We see this as an extremely convenient way to pay the monthly carrying charge bill,” said Riverbay Director of Finance Peter Merola. “We’ve had a very positive response in the first few
days using PayLease and we’re expecting the activity to pick up rapidly as shareholders try out the new system for themselves. There may be some unforeseen glitches that will need to be addressed and should anyone experience any difficulties, I ask for their patience as we continue to roll out this new program.” The electronic payment option has been added to the “Home” page of the Riverbay website, www.riverbaycorp.com, and by clicking on the “PayLease” link in the third paragraph of the welcome message, shareholders of record can
Open Board Meeting Wednesday, April 6 at 7 p.m. in Einstein Community Center, Rm. 45 The Riverbay Board of Directors has scheduled an Open Board meeting commencing at 7 p.m. this Wednesday, April 6th in Room 45 of the Einstein Community Center. Prior to the meeting, beginning at 6 p.m. Riverbay Department Directors will be available in Room 45 to address individual concerns that shareholders may have. When the Board meeting begins at 7 p.m., fea-
Duplicate April carrying charge bills mailed in error Some shareholders might receive duplicate bills this month due to a software issue at the bank that processes the mailing of Riverbay’s monthly carrying charge bills. A large quantity of the original mailing was returned from the Post Office due to incomplete addresses. The bank has reprinted and mailed out invoices with the corrected addresses and will pay any additional costs caused by the mistake. Please pay your bill as you normally would and disregard the duplicate bill if you receive one. Some bills may arrive at your address a day or two later than normal. —Riverbay Finance Department
More than $4 million saved over the costs from last winter During these recently past coldest months of the year, January and February, Riverbay spent slightly more than $4 million on energy-related costs, specifically the purchase of fuels and electricity, which is $4 million less than what Riverbay spent on energy during January and February of 2015. According to figures released this month by the Riverbay Finance
BY ROZAAN BOONE
This Monday, April 4 at 5 p.m. will be the deadline for shareholders wishing to run for the Riverbay Board of Directors to submit their signed petitions. Fourteen shareholders picked up qualifying petition packages for the annual election of the Riverbay Board of Directors which will take place on Wednesday, May 18. As of the paper’s deadline yesterday, one candidate had already submitted her petition with the required 75 shareholder signatures. Out of the fourteen resident shareholders who picked up petitions to run for a seat on the 2016-2017 Riverbay Board of Directors this week, four are incumbent directors, one is a former
board director, some are running for the first time and several others have run for the board in the past. (See page 6 for the details of this year’s poll worker training) According to the Riverbay Legal Department, those who have picked up petitions are: Stanley Frere, Kevin Lambright, Leslie Peterson, Frank Belcher, Marie Smith, Yolanda C. Schumann, Holly Malone, Sonia Feliciano, Andrea Leslie, Bernard Cylich, Tony Illis, Claudia Sampson, Linda DraxWerner and Josephine Ferguson. As of press time, Marie Smith is the only one who has returned her signed petition. The rest have until (Continued on page 12)
Department at the request of the Co-op City Times, the total amount of expenditures on energy during this January and February – which includes the cost of electric purchased and stand-by charges, electricity sold, gas burned in boilers, gas burned in turbines (producing electricity) and oil burned – was $4,044,250. (Continued on page 2)
DHCR approves $300 fine for smoking in interior public places; increase goes into effect April 16 BY BILL STUTTIG
Deadline for submitting qualifying petitions as Board candidates is 5 p.m. Monday; 14 have picked up petition packages
tured topics will include an update on various capital projects and an update on the ongoing search for executive management. The evening will also include a gallery session and shareholders are asked to come and present questions and concerns about these two featured topics or any other community-wide concern they may have. See page four for the evening’s full agenda.
Winter energy costs cut in half BY BILL STUTTIG
(Continued on page 2)
25¢
Cooperators who choose to smoke in any of the community’s interior public spaces – which include building stairwells, hallways, lobbies, elevators and all of the community centers -will be fined $300 as of April 16. Earlier this week the New York State Division of Homes and Community Renewal (DHCR) sent official notice to Riverbay of its approval of the Board Resolution calling for the sharp increase in the community complaint fee for people caught smoking in interior public places throughout Co-op City. On March 3, by a vote of 10 to 3 the Riverbay Board of Directors passed the resolution increasing the fee for people caught smoking in interior public places to $300. (See resolution on page 30.) Riverbay Board President Cleve Taylor was one of the leading proponents of the smoking fine increase.
“Innocent people can and do lose their lives due to the irresponsible behavior of smokers in apartment buildings,” Mr. Taylor, a retired firefighter, said. “I have seen it. Many, many more innocent people have suffered serious injury to themselves and their loved ones due to this irresponsible behavior and billions of dollars in property damage has been caused by illegal smoking in this city.” Mr. Taylor added, “It is a behavior that is dangerous and unhealthy for everyone, not just the smoker. It costs this corporation many thousands of dollars each month just to clean up our stairwells and hallways that are regularly used by smokers. If you smoke in an office building anywhere in New York City, you could likely lose your job for smoking in any of those buildings and for good reason. We have an obligation to enforce New York City’s (Continued on page 4)