Happy Father’s Day To Our Readers
Vol. 53 No. 24
Taking Our Duties As Shareholders Seriously President’s Message
Linda Berk I am happy to report that we have finally reached a quorum for the Board of Director’s election. This was a long and arduous process that challenges all shareholders to understand why it is so difficult to get onethird of our shareholders to vote in the election. Whether we take an interest in the running of our corporation or not, it is very important to realize the corporation’s By-laws require an annual election to elect a rotation of President
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Saturday, June 16, 2018
$1.25
Board Approves Election Rule Change To Achieve Quorum Election Certified Friday Night; New Board To Be Sworn In On June 20 The Riverbay Board approved emergency resolution 18-16 amending the 2018 Election Rules to allow over four hundred ballots received prior to the commencement of the voting period at 6 a.m. on Wednesday, May 16, 2018 to be counted towards the total number of ballots received during the election thereby enabling this year’s quorum of 5,037 ballots to be met. The voting period ended at 8:59 p.m. on Wednesday, May 23, 2018, and at that time, the quorum had not yet been achieved. The Election Committee exercised its authority to extend the election for 20 days, according to the 2018 election rules and regulations, which were printed in the Co-op City Times on Saturday, March 31, as well as in the three election supplements published on Saturday, April 28, May 5 and May 12. As of the conclusion of the extended voting period which began at 9:01 p.m. on Wednesday, May 23, 2018, and ended at 11:59 p.m. on Tuesday, June 12, the Election Committee reported that a total of 4,735 ballots had been received by Election-America, Riverbay’s independent election contractor. That number was 302 ballots shy of the number needed to meet this year’s quorum, a requirement of the corporation’s by-laws which state that 1/3 of the community’s shareholders must cast a balBY ROZAAN BOONE
Farmers Market Returns
What’s Inside: The Harvest Home Farmers Market is back on Wednesdays, located at Asch Loop & Aldrich Ave. next to the firehouse. The farmers market features a variety of fresh produce grown directly from Hostetler’s Produce, a farm from McClure, Pennsylvania. Photo by Brandon Ortiz
NYS Candidates To Participate In Debate And Forum In Co-op City
A New York State candidates’ debate and forum will take place on Tuesday, June 19th at 7:00 p.m. in the auditorium on the 2nd floor of the Dreiser Community Center, located at 177 Dreiser Loop, Co-op City, Bronx NY 10475. This event is sponsored by the Coalition to Save Affordable Housing and the African American Association of Co-op City. U.S. 16th Congressional District candidates, incum(Continued on page 2)
Co-op City Honors Its Best & Brightest (See pg.3)
lot in order to validate the annual Board election. According to the election rules, if the community failed to achieve a quorum at the end of the voting extension period, “the Board shall schedule a new election, to be conducted within thirty (30) days of the date that the [Election] Committee certifies the lack of a quorum.” [Section F (14).] Noting that the voting trend had slowed as of Friday, June 8, when the corporation was still 449 votes short of the required quorum, and preparing for the possibility that the quorum may not be reached by (Continued on page 4)
Riverbay, Union Agree To New Four-Year Contract
The Riverbay Board of Directors voted 15-0 at their meeting on June 13 to accept a new collective bargaining agreement between Riverbay and the Service Employees International Union, Local 32BJ. The new contract runs through June 8, 2022. Negotiations to conclude the deal were completed on Friday, June 8. The union members held a meeting and voted to approve the proposal that BY JIM ROBERTS
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