Petition period ended Monday, April 4
Board decision on new management imminent
Co-op City’s official newspaper serving the world’s largest cooperative community.
Vol. 51 No. 15
© Copyright 2016 Co-op City Times
Saturday, April 9, 2016
Official candidates in 2016 Board election to be certified on Tuesday, April 12
Thirteen of the fourteen shareholders who picked up qualifying petitions during the election petition period which ended this Monday, April 4, returned their petitions to the Riverbay Legal Department by the 5 p.m. deadline. The prospective candidates who turned in their petitions include 3 of the 5 incumbent directors who are running for re-election – Bernard Cylich, Andrea Leslie and Leslie Peterson. Incumbent directors Helen Atkins and William “Bill” Gordon did not pick up qualifying petitions. Incumbent Director Sonia Feliciano also turned in her petitions indicating her intention to run for a seat on the BY ROZAAN BOONE
Riverbay Board as per the housing corporation’s bylaws. As the sixth place winner in last year’s election, she was seated on March 10, following the resignation of Rev. Calvin E. Owens, but has to be elected in this year’s election in order to remain seated on the board. This year’s sixth place winner will complete the final year of Rev. Owen’s 3-year term. In addition to Directors Cylich, Feliciano, Leslie and Peterson, 9 other shareholders returned their petitions, some of whom ran for the board in prior years, one of whom is a former Board director and some who are running for
Recounting many of the Riverbay Board of Directors’ and in-house management’s accomplishments over the past 18 months, Board President Cleve Taylor also pressed ahead with his agenda to strengthen the financial health of the company and get delayed legacy capital projects back on track at the Board’s Open Meeting for shareholders Wednesday night at the Einstein Center. Pointing to the unrestricted cash balance of $15 million now in Riverbay’s bank account, up from less than $1 milBY JIM ROBERTS
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lion two years ago, Taylor said, “This is a far cry from where this corporation was headed. “These balances will be most important during the capitalization of the capital projects which were underfunded during the recapitalization with Wells Fargo bank. The projects slated here in Co-op City were underfunded by as much as $25 million to $35 million. We have a long way to go, but we’re going to get there on our own.” Regarding a Board decision about (Continued on page 25)
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EXPRESS BUS SERVICE TO LOWER MANHATTAN Do you want to have express bus service to lower Manhattan during morning rush hours? We can get it with your help. Please take two minutes to complete the survey at www.surveymonkey.com/r/ccexpressbus. Borough President honors Co-op City Patrol Officers
The Riverbay Board of Directors discussed a range of topics during the Open Board Meeting and Gallery Session held at the Einstein Community Center on April 6. A decision about who will manage Co-op City is expected from the Board soon. Photo by Jim Roberts
Investigative work by CCPD detectives and patrol officers leads to quick arrest of robbery suspect
Detectives and patrol officers of the Co-op City Public Safety Department are being hailed for the major role they played in identifying and locating the suspect who robbed a 103 year old Co-op City woman in Building 21C last Friday, leading to a swift arrest by detectives from the NYPD’s 45th Precinct. “The dedication and cooperative efforts displayed by both members of the CCPD detective squad and the NYPD detective squad resulted in the apprehension of the suspect not even 24 hours after the crime's occurrence," said Chief Frank Apollo of the CCPD. Ms. Louise Signore, who stands a mere 49 inches tall and weighs less than 100 lbs., was returning home from the Bartow Community Center where she BY ROZAAN BOONE
Certificates of Recognition from Bronx Borough President Ruben Diaz Jr. were presented this week to 3 Patrol officers of the Co-op City Public Safety Department who worked closely with CCPD detectives to assist in the investigation that led to the arrest of two individuals last Spring who were suspected of playing a role in a shooting just days prior in Section 5. That arrest led to the immediate recovery of two illegal handguns and provided information which was used in a larger investigation conducted by the Bronx District Attorney’s office and the NYPD and resulted in the felony arrests last summer of 17 suspected street gang members operating throughout the borough. Receiving their certificates this week, which were presented by Riverbay General Manager Noel Ellison (second, left), were ESU Officer Mitchell Romano (left), Sgt. Elizabeth DelValle (center) and ESU Officer Carie Wyatt (right). The officers were also congratulated by Captain James Keappock (second right). Previously, CCPD’s Lt. Anthony Warner and Detectives Joe Monahan, Antonio Sealy and Jacinto Cruz were also recognized by the Bronx borough president. Photo by Rozaan Boone
regularly attends the JASA lunch program and participates in daily activities, including Bingo and line dancing, when she was followed into the elevator, thrown onto the ground on the 8th floor and robbed of her shopping cart and its contents which included two meals she had picked up from the senior center earlier, her purse containing $30 cash, and her bingo cards, among other personal items. Riverbay’s General Manager Noel Ellison said: “We were all appalled having looked at the television and read the newspapers and listened to the radio about the robbery of an elderly person who is 103 years old. We saw interviews where people said that doesn’t normally happen in this neighborhood (Continued on page 24)