Co-op City Times 07/11/15

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Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2015 Co-op City Times

Vol. 50 No. 27

Saturday, July 11, 2015

Reorganized Riverbay management team adds new Director of Procurement Riverbay Corp. has completed the next step in the ongoing reorganization of the company by appointing Jose Mendez, a highly-experienced purchasing and facilities executive, to the newly-created position of Director of Procurement. Mendez is the latest move in the restructuring of Riverbay, bringing years of experience to oversee the BY JIM ROBERTS

existing professional staff involved in purchasing, procurement and inventory control. “We needed a strong individual in a managerial capacity to provide some clear thought and overall direction in how we handle our purchasing and contracting with outside vendors,” said Interim General Manager Noel Ellison. (Continued on page 2)

Interim General Managers Noel Ellison (left) and Peter Merola (right) welcome Jose Mendez to the Riverbay management team in his role as Director of Procurement, a newly-created position. Mendez brings over 20 years of corporate and public sector experience to Co-op City. Photo by Jim Roberts

NYPD, Public Safety seeking the owner of a vehicle from which shots were fired last Saturday morning, striking one Public Safety and the NYPD are asking for the community’s help in locating the owner of a vehicle captured by surveillance cameras moments after one of its occupants allegedly fired shots at a young man walking near Building 28 early on BY BILL STUTTIG

the morning of July 4th, striking him once in the ankle. According to information released by the NYPD’s Public Information office, the incident occurred shortly after 1 a.m. on July 4th as the victim

Making our case

25¢

Dear fellow share- President’s Message be performing as holders: our property manIn June, 2014, agers. In addition, the Riverbay Board and equally as imPresident of Directors took portant, we asked the initiative to start the to meet and hear from Competitive Bidding Prostaff each company incess for a Managing Agent tended to place onsite. after it became fairly obviAfter 2 to 3 hours of interviewing the limited onsite ous upon review of the staff they each provided, Balance Sheet and Income and after our internal Statement that the apdeliberations, the Riverproved Managing Agent bay Board could not in had compiled a history of good faith recommend poor performance, includany of the companies. Not only did ing misconfiguring the design and we find the candidates to be grossly build of our $85 million Power Plant unprepared and, in some cases, unrefacility. sponsive, but the level of onsite These and many other revelations staffing being provided simply did set forth an exhaustive process starting with the formation of an Ad Hoc not meet the standards required to Committee for new management complement the professionals we which dedicated hundreds of hours already have working at Co-op City and those areas we have identified preparing, documenting and interfor change within the corporation to viewing prospective candidates. maximize efficient delivery of servSimultaneously, these same Board ices to shareholders in the most cost Directors and Riverbay’s General effective manner. In addition, I Counsel spent a great deal of time believe no bidder had adequate expeinvestigating, deliberating and cleanrience managing a comparably sized ing up the mess left behind by our susMitchell-Lama development with the pended Managing Agent. scope and complexities needed for The Interviews Co-op City. Three companies were recomThe first company, Winn WB mended by the Ad Hoc Committee at LLC, showed up to the interview the end of the leveling process, and with no onsite managing staff. They during the second round of interbluntly told us, “Give us the contract views which, this time, included the first, then we will go out and hire the full Board of Directors, the 3 candidates were asked very specific ques(Continued on page 4) tions relative to the work they would

Cleve Taylor

(Continued on page 2)

Riverbay Board President appoints chairpersons of Board Committees for 2015-2016 Riverbay Board President Cleve Taylor appointed the chairs and cochairs of the 2015-2016 Board committees at the July 8th meeting of the Riverbay Board of Directors. Prior to this annual process, each Director is generally invited to submit which committee(s) they would like to be considered for to the Board President. Based on the responses received, the BY ROZAAN BOONE

Board President is then challenged to match the best suited Directors with their respective requests for committees which, in the end, will serve the best interests of the Riverbay Corporation and the community at large. Riverbay Board Committees are made up of Board Directors and shareholders, and meet during the year to (Continued on page 24)

Bursting with Pride... Brilliant

fireworks lit up the night sky above Co-op City last Friday evening while an estimated 7,000 residents filled up the greenway below to watch the community’s annual display celebrating the anniversary of our nation’s Declaration of Independence. Photos by Elijah Bernard


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