Co-op City Times 4/30/22

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See 2022 Riverbay Board Election Supplement on pgs. 21-30

Vol. 57 No. 18

Saturday, April 30, 2022

2022 Riverbay Board Election Ballots Mailed Voting period is Monday, May 2 – Friday, May 20, 2022 BY ROZAAN BOONE

$1.25

Sec. Fudge, Schumer, Bowman & Hochul Announce Fed Closing of Co-op City’s HUD Loan Refinance State & Local Govt. Support of ReFi will Provide $124M to Make Repairs & Critical Investments in World’s Largest Housing Cooperative

mailed and will soon begin arriving in shareholders’ mailboxes in Co-op City. Riverbay’s independent election contractor, YesElections, began mailing ballots on Thursday, April 28. The white ballot envelope, which has a light blue -

On Wednesday, April 27, 2022, United States Department of Housing and Urban Development Secretary Marcia L. Fudge, U.S. Senate Majority Leader

For a replacement ballot, shareholders may contact YesElections at (800) 9554597 or, by email, at help+riverbay@yeselections.com.

announced that Riverbay Corporation, the management company for Co-op City; HUD; Wells Fargo; the Mortgage Insurance Fund of the State of New York Mortgage Agency, and NYC Housing Development Corporation closed on the quality and affordability for the over 45,000 residents. will be used for capital improvements, including upgrades to the HVAC, façade maintenance, and electrical systems. HUD are committed to stabilizing the housing market nationwide using every tool at our disposal, including utilizing Federal Housing Administration mulloans in major metropolitan areas to smaller loans in rural communities and suburbs, HUD is proud to be a partner in creating and preserving affordable housing across the country.” (Continued on page 2)

Prepare for AC Season Air conditioning season is around the corner. Some shareholders encounter convector leaks due to condensate or dirt

Official ballot envelopes will soon begin arriving in shareholders’ mailboxes. Each envelope will contain a ballot and a postage paid, pre-addressed return envelope.

The 2022 voting period begins at 6 a.m. on Monday, May 2, and ends promptly at 9 p.m. on Friday, May 20. Shareholders have two options to register their votes – mail-in or electronically using their computer, smart phone or iPad. Mail-in ballots must be returned directly to YesElections in the envelope provided with the ballot, and must be postmarked by May 20, 2022 in order to be counted in this year’s election. Election ballots must not be returned to Riverbay Corporation or delivered or given to a Riverbay staff member. Electronic ballots must be transmitted and received by YesElections by 9 p.m. on Friday, May 20. Shareholders who choose to vote electronically will need the CODE and PIN included on the ballot mailed to their respective residential unit to cast their vote. Electronic voting will end promptly at 9:00 p.m. on Friday, May 20, 2022. Only one ballot per residential unit is allowed by a shareholder of record as of April 8, 2022. (Continued on page 4)

Live Broadcast of Second Candidates’ Forum Tune in to channel 12 (MATV) and channel 591 (Optimum) on the Riverbay Crawler today, Saturday, April 30, at 3 p.m. for the live broadcast of the for the rebroadcasts of the forums. Voting begins Monday, May 2 – Friday, registered in this important community election.

In preparation for this year’s AC season, shareholders are encouraged to search “water leak sensors” online to research various products currently available on the market. These devices are easy to install, utilize wireless technology and can be paired with your smart phone to send a text and email alert when a leak occurs in your apartment. Some shareholders have reported to Management that the water leak sensors they installed under their convectors have successfully curtailed exten––Riverbay Management

NY Court of Appeals Rejects State Congressional Map New York’s highest ranking court rejected the proposed Congressional District, State Senate and State Assembly maps on Wednesday, April 27, 2022. The New York State Court of Appeals found that the Congressional District map illegally favored Democrats, and thus was a violation of the 2014 amendment to the state constitution, which banned partisan gerrymandering. “The congressional map violated the constitutional prohibition on partisan gerrymandering by packing Republican voters into four districts while ensuring there were ‘virtually zero competitive districts.’ Supreme Court declared all three maps void, enjoined the State respondents from using the maps in the impending 2022 election, and directed the legislature to submit new ‘bipartisanly-supported’ maps that meet constitutional requirements for the court’s review by a particular date,” the majority opinion wrote in their ruling. In a close vote of 4-3, the court’s ruling will likely alter the timeline of New ability to successfully move the Primary Election to August. Originally, the New York State Primary Election was scheduled for (Continued on page 4)


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Co-op City Times 4/30/22 by Co-op City Times - Issuu