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Riverbay Board does not recommend any managing agent candidate
© Copyright 2015 Co-op City Times
Vol. 50 No. 21
Saturday, May 30, 2015
Majority vows to advocate for self-management BY BILL STUTTIG
At an emergency Open Board meeting Thursday evening in Bartow Center, the Riverbay Board of Directors took three separate consensus votes on whether or not to recommend each of the final three management companies vying for a contract to become Co-op City’s managing agent and the Board did not approve a recommendation for
any of the three. Board President Cleve Taylor, with the strong support of the chair and cochair of Riverbay ad-hoc management search committee, Bernard Cylich and Linda Berk, respectively, made the case before his fellow Board Directors and more than 300 shareholders attending (Continued on page 4)
Riverbay General Counsel Jeffrey Buss updated the community on the termination recommendation regarding Marion Scott Real Estate, Inc. before the Board took a vote on whether to recommend another managing agent to run Co-op City. Photo by Bill Stuttig
Public Safety auto crimes unit arrests individual believed responsible for rash of auto break-ins
BY BILL STUTTIG
Public Safety officers assigned to the department’s auto crime plain clothes unit detained an individual early last Friday morning as he was rummaging through the contents of a vehicle on Baychester Avenue in the
vicinity of Truman High School. The apprehended suspect is believed to be responsible for a rash of similar auto break-ins in the Co-op City vicinity over the past several weeks. (Continued on page 3)
Riverbay General Counsel recommends state terminate Marion Scott, Inc. as managing agent BY JIM ROBERTS
After an investigation that took several months and produced a detailed, 200page report, Riverbay General Counsel Jeffrey Buss is calling for New York State to legally end Marion Scott Inc.’s (MSI) role as managing agent in Co-op City. Addressing shareholders at the Riverbay Board of Directors’ Emergency Meeting held on May 28 at the Bartow Center, Buss outlined the major findings of his report, which was com-
missioned by the Riverbay Board last November. “Our recommendation is that New York State should immediately terminate the interim agreement of Marion Scott as if the agreement was terminated back in November and that they not be awarded any compensation,” Buss said. According to state regulations, a Mitchell-Lama cannot terminate a managing agent, but must instead seek the (Continued on page 5)
25¢
Election certified; New Board Directors to be seated Thursday at Open Meeting
2015/16 Board officers to be elected on that date
BY ROZAAN BOONE
The 2015 Election Committee officially certified last week’s Riverbay Board election results after the recanvass of all ballots cast in the annual election resulted in the top five candidates holding onto their leads, as did all other positions in the preliminary count which was conducted after the end of balloting on Thursday, May 21. After the recount on Thursday, May 28, the official results showed Rev. Deborah Jenkins holding onto her first place lead with 3,325 votes, followed by incumbent Director Evelyn Turner who was re-elected with 3,099 votes maintaining second place, and Rod Saunders in third place with 2,994 votes. The second incumbent Director who ran for reelection this year, Francine Reva Jones, placed fourth with 2,811 votes, and Junius Williams, who ran as an independent candidate, maintained his fifth place finish with 2,619 votes.
Rev. Jenkins, Saunders and Williams are newcomers to the Riverbay Board. The top four places in the election were won by candidates running with on the Cooperators with Vision slate, which also included the sixth place winner, Sonia Feliciano. In addition to Williams, the other independent candidates in this year’s election were Katrina Asante, who remained in seventh place after Thursday’s recount with 2,462 votes, followed by Gail Sharbaan with 2,048 votes in eighth place and Peggy S. Diaz in ninth place with 1,658 votes. This year’s Board election, which was held on Wednesday, May 20, had to be extended into Thursday since a quorum was not achieved by the end of voting on election night. The polls were, therefore, reopened at 8 a.m. on Thursday morning to allow shareholders (Continued on page 2)