Co-op City Times 04/17/21

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Email your questions for the 2021 election candidates to Riverbay2021Eection@riverbaycorp.com. First forum is on Wednesday, April 21, 7:30 p.m. Questions must be received 24-48 hours before the forum.

Vol. 56 No. 16

Saturday, April 17, 2021

Addressing critical projects for Co-op City maintenance & stability President’s Message

$1.25

Co-op City COVID-19 vaccination site offers Moderna Johnson & Johnson vaccine paused Roughly seven million Americans have already received the Johnson & Johnson COVID-19 vaccine, but with several recipients reporting severe-type blood clots, federal regulators decided to put the vaccine on pause this week. On Tuesday, April 13, the Centers for Disease Control and Prevention (CDC) and Food and Drug Administration (FDA) recommended a nationwide pause in the use of Johnson & Johnson’s COVID-19 vaccine due to “a small number of cases of a rare and severe type of blood clot have been reported in people after receiving the J&J/Janssen COVID-19 vaccine.” Reports of the rare blood clots occurred among women ages 18 and 48, with symptoms occurring six to 13 days after vaccination. According to news reports, one of the women died, while one is in critical condition. The CDC recommends residents who got Johnson & Johnson’s single dose vaccine should seek medical care urgently if experiencing any of the following symptoms: • Severe headache • Shortness of breath • Backache • Leg swelling • New neurologic symptoms • Tiny red spots on the skin (petechiae), or • Severe abdominal pain • New or easy bruising BY TORIEA McCAUSELAND

Linda Berk President

Last week, I shared with you the budget process to help you, as a shareholder, understand each phase of the budget review, proposal, and approval by the Board of Directors. The budget was also included in the last week’s paper so that each shareholder could review the areas of income and expense. The budget showed that Riverbay has an operating surplus which continues to help us cover the cost of the projected capital projects needed. And while we have a surplus in both years of the

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First official Candidates’ Forum to be held Wednesday, April 21 Broadcast begins at 7:30 p.m. on Riverbay Crawler Shareholders of Riverbay Corporation will be able to view the first of three official Candidates’ Forums in the 2021 Riverbay Board of Directors election on the Riverbay Crawler on Wednesday, April 21, as the twelve candidates discuss and debate issues of importance to their candidacy for a seat on the Board of Directors. The Riverbay Board of Directors sets policy for the Riverbay Corporation, which are then carried out by Management. Because of the ongoing Coronavirus pandemic, the 2021 forums will be held virtually and broadcast live on the Crawler, available to Co-op City shareholders BY ROZAAN BOONE

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TUNE IN LIVE WEDNESDAY, APRIL 21, AT 7:30 P.M. RIVERBAY BOARD OF DIRECTORS

2021 ELECTION CANDIDATES’ FIRST VIRTUAL FORUM ALL SHAREHOLDERS ARE INVITED! Forum will be broadcast on Channel 12 (MATV) and Channel 591 (Cablevision) and will be available for viewing in the ensuing days.

CAPITAL PROJECTS – The Year Ahead

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Management Report

Bob Klehammer

If you read last week’s Co-op City Times, you saw a copy of the corporation’s updated Five Year Capital Plan (CP) that is part of the new two-year operating budget recently approved by the Board. Only the expenses in the first two years of the CP are actually funded in the current operating budget. We show the remaining three years as a planning guide for the Board to see what Management believes are needed capital improvements in the future. (Continued on page 4)

New York updates travel advisory BY BRANDON ORTIZ

Since the onset of the COVID-19 pandemic, New Yorkers looking to travel were required to quarantine following their arrival back in state, but an important update was issued this week by the New York State Department of Health (NYSDOH) that loosens some restrictions of the COVID-19 travel advisory. Asymptomatic travelers who are entering New York are now no longer required to take a COVID-19 diagnostic test or quarantine, according to the new update. This update, which is intended for fully vaccinated individuals, applies to both international and domestic travelers who are entering New York. However, (Continued on page 3)

2021 Riverbay Election Supplement – see pages 26 – 31 for candidates’ statements


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