Turning Point for Riverbay Corporation

Management Report

Marvin L. Walton Riverbay Executive General Manager

During the last few weeks, “Shared Vision” has been the primary topic of discussion when visiting building and townhouse association meetings. To date, I attended eight (8) building association meetings (1, 8, 15B, 18, 20, 25, 27, 33) and two (2) townhouse association meetings (Broun Place and Alder Place) and several upcoming meetings are scheduled throughout the year. This vision is the framework Management uses to communicate with the stakeholders of Riverbay Corporation.

The three (3) key stakeholders of the Riverbay Corporation and their roles are as follows;

• Shareholders – Owners of the corporation who live, work, and play on the campus of Co-op City.

• Board of Directors – Provide guidance and oversight and establish policies for which the corporation conducts business.

• Management – Provide day-to-day quality service delivery to the shareholders and Board Directors, respectively.

(Continued on page 4)

Following the Roll Call, approval of the agenda and the Board Business Meeting minutes of March 29, 2023, Riverbay Board President Sonia Feliciano gave the President’s Report in which she recommitted to Resolution 23-11, passed unanimously by the Board on March 8, 2023, to hold open Board meetings with Gallery Sessions at least six times annually in order to be transparent with shareholders about the business of the Board.

CSO Property Managers are conducting inspections to identify infractions of the Occupancy Agreement relative to balconies and terraces throughout the development.

Rules 3 & 4 of the Occupancy Agreement states:

3. “No alterations, additions or improvements shall be made to the balconies or terraces of the leased premises, including but not limited to the installation of screens or other enclosures thereon.

4. The leased premises and the balconies or terraces thereof may be painted only in accordance with the rules therefore established by the Cooperative.”

Since the beginning of the year, more than 400 letters have been sent to high-rise and B-townhouse shareholders advising them to cure infractions observed on their balcony or terrace.

“Defacing Riverbay Property,” in the amount of $300.

BY BRANDON ORTIZ

Balcony & Terrace Inspections

race railing or walls. Over time, these material can act as “sails” in inclement weather and weaken the infrastructure of the railing causing it to become loose thereby creating a safety hazard to occupants and their visitors.

Mobile privacy barriers can be used as long as they are not attached to the railing and are easily removable from the balcony/terrace for safe storage after use to prevent it from becoming air-borne in windy conditions.

Shareholders with concerns about information stated in their letter, including the deadline to address the condition/s identi-

Thank you for your cooperation.

—Riverbay Management

Preliminary Primary Election Results

Primary election day was on Tuesday, June 27, 2023 and Co-op City shareholders voted to decide the Democratic representative for City Council District 12 as well as the Bronx District Attorney.

Incumbent Councilmember Kevin Riley held on to his seat against challenges from Aisha Hernandez Ahmed and Pamela A. Hamilton-Johnson in the Democratic primary for City Council District 12. Preliminary results had Kevin Riley with 82.33% of the vote, followed by Pamela A. Hamilton-Johnson with 12.06% and Aisha Hernandez Ahmed with 5.38%, according to the NYC Board of Elections. Riley will now face off against Dewayne Lee in the General Election on November 7. Early voting for the General Election will take place between October 28 and November 5.

Riverbay Holiday Closing

It is imperative that the shareholders, Board Directors, and Management listen and respect each other, and work together.

(Continued on page 2)

Congestion Pricing

See page 2

Resolutions

See page 9

Riley has represented City Council District 12 since December of 2020, when a King, who was expelled by the City Council.

(Continued on page 8)

Riverbay Administrative Offices will be closed on Tuesday, July 4, in observance of Independence Day. For emergencies, contact:

Birthday Blessings, Ms. Helen!

th Birthday greetings, Ms. Helen - friends and neighbors would like you to know that you are loved, respected and valued for your dedication to family and community, your love of people and your commitment to service in the Lord and to your fellow man. We treasure you and wish you many more happy and healthy returns. God bless you!