joyous passover & blessed good friday! Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2017 Co-op City Times
Vol. 52 No. 14
A Year in Review – Progress Made
Saturday, April 8, 2017
25¢
Board President, Riverbay Management Vow Continued Improvements In Co-op City
eral years will save Riverbay millions of dollars while providing shareholders better services,” Board President Berk said at a town hall meeting held April 5 at the Einstein Center. “You can expect Riverbay Corporation to run an improved business model. Together with management, we will provide, at an affordable cost to you, our cooperators, affordable living. We should never allow our property to fall back into the disrepair it was in 15 years ago.” Klehammer, who has been in Co-op City for eight months as the managing agent for Riverbay Corp., spelled out several accomNearly 200 shareholders were in attendance at a Town plishments already achieved and provided Hall meeting on April 5 in the Einstein Center to hear his commitment to change how Riverbay updates from Riverbay Board President Linda Berk, First operates while speaking with the nearly 200 Vice President Bernard Cylich and other Board members, shareholders who attended the meeting. along with Executive General Manager Bob Klehammer. “I view it as a multi-year project to try and Photo by Jim Roberts improve the management function and servBY JIM ROBERTS ice delivery to you, the residents, and get this corpoBoard President Linda Berk and Executive Genration into the 21st Century,” Klehammer said. “You eral Manager Bob Klehammer of Douglas Elliman may not see improvement today, or next month, or in Property Management said this week they will build six months, but over time you will see improvement. on recent progress to improve operations and “The other big thing I’m trying to tackle is changing increase efficiency at Riverbay. “Completing our restructuring over the next sev(Continued on page 9)
Test Survey Response Must Be Returned To Election-America
The test survey mailed to Co-op City households by Election-America, Riverbay’s election contractor, is due this Monday, April 10, and must be completed online following the directions received with the survey, or filled out and mailed to Election-America in the envelope provided, not included with your carrying charge payments or delivered to Riverbay Corporation. The test survey is a precursor to the 2017 Riverbay Board of Directors election. To maintain the integrity of the upcoming Board election, an independent company, Election-America, has been hired to mail, tabulate, collect, process, and count and preserve the election ballots. It is therefore imperative that you return your ballots to ElectionAmerica utilizing the envelope provided.
2017 Riverbay Election Petition Period Ended Monday, April 3 Official candidates in 2017 Board election to be certified on Tuesday, April 11
Seven of the ten shareholders who picked up qualifying petitions during the election petition period returned their petitions to the Riverbay Legal Department by the 5 p.m., Monday, April 3rd deadline. The prospective candidates who turned in their petitions include 4 of the 5 incumbent directors running for re-election – Linda Berk, Daryl Johnson, Kevin Lambright and Marie Smith. Incumbent director Leah Graham did not pick up qualifying petitions. In addition to Directors Berk, Johnson, Lambright and Smith, three other shareholders returned their petitions. They are Aminah Lucio, Jerome Rice BY ROZAAN BOONE
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income affidavit notice — see page 3
Linda Berk
President’s Message
President
I am happy to report that Riverbay Corporation is a stronger and better corporation than it was just two years ago. In 2015, we began to turn the tide when we suspended our previous managing agent. At that time, we had $900,000 in our bank account. Today, we have over $30 million and are able to provide standard operational services with the money we have on hand. It has been 16 years since this corporation has been in such a strong financial position. Unrestricted cash in the bank enables us to face any problem much better. While we are in good financial position that enables us to meet our operational expenses, as a fifty-year-old development we have major infrastructure issues that present us with many challenges ahead. We cannot delay the replacement of 160 faulty elevator motors that needed to be replaced yesterday. In a number of buildings, elevators have been taken out of service to be repaired, inconveniencing shareholders. The NYC Local Law 11 requires Riverbay to repair brick and façade as identified by certified (Continued on page 2)
African American Association Welcomes Home Renowned Young Activist The African American Association of Co-op City hosted Ms. Tamika D. Mallory as a guest speaker at their meeting on Tuesday evening, April 4, and not since Presidential candidate Hillary Rodman Clinton came to Co-op City has a lady caused such a stir and excitement. Ms. Mallory had originally been scheduled as the organization’s featured speaker during Black History Month, however, due to her busy schedule and inclement weather at the time, she was rescheduled and a packed audience eagerly awaited her. She fits the bill as an activist’s activist: always Former Co-op City resident Tamika ready to be and go wherever the injus- Mallory challenges shareholders to tice takes place. She says she can use their collective power as neighbors BY LAURETTA J. JAYSURA
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to affect change where necessary. Photo by Lauretta Jaysura