Board Resolutions, see pages 20 & 21
Vol. 58 No. 41
Saturday, October 14, 2023
Notice to Shareholders The Committee on Committees (“COC”), chaired this year by Anika Green-Watson and Claudia Sampson, recommended committee chairpersons for the 2023-24 year. Chairpersons of each committee are appointed by the President, with the consent of the Board of Directors. The list of Board Committees and chairs for 2023-24 is included below for reference.
Riverbay Board Committees for 2023-24
$1.25
NY City Council Bronx Metro-North Area Study Public Workshop on Wednesday, Oct. 18, in Co-op City BY ROZAAN BOONE
The New York City Council, NYC Department of City Planning and the Metropolitan Transportation Authority (MTA) will host a community workshop on Wednesday, October 18, in Co-op City, where one of the four new Bronx Metro-North stations will be built to connect the East Bronx with Penn Station in Manhattan. The public workshop will be held in Room 45 of the Einstein Center this coming Wednesday from 6-8 p.m. This is an in-person workshop and registration is required. To register, visit https://bit.ly/BMNSEventOct18 or use your smart phone to scan the QR code at right. This information is also available on the Riverbay Crawler, channel 591 (Altice) or channel 12 (MATV). The Fall 2023 City Council public workshops are scheduled to engage with residents in the Hunts Point, Parkchester/Van Nest, Morris Park and Co-op City (Continued on page 11)
Joining Riverbay Board Committees Shareholders are encouraged to review the committees and choose the ones best suited to their skill set and expertise to help move the business of Riverbay Corporation forward. Shareholders who would like to serve on Riverbay Board Committee(s) should express interest before October 21st at 9 p.m., using the Google form link: https://bit.ly/3RJEPnh, or scan the QR Code. If you have questions related to the committee application process, please reach out to Anika at awatson@riverbayboard.com. We look forward to serving with you this year! —Anika Green-Watson & Claudia Sampson
Important Deadlines for Upcoming November General Election BY BRANDON ORTIZ
As November’s General Election draws closer, shareholders should be aware of upcoming key deadlines so they can make sure they will be able to cast their vote on election day, Tuesday, November 7, 2023. Here is a listing of those important deadlines voters should be aware of, according to the New York City Board of Elections: October 28 – For individuals looking to register via mail, the NYC Board of Elections has to receive the application by this day at the latest in order for you to be eligible to vote in the General Election. Individuals planning on registering in-person should do so also by this date. (Continued on page 2)
Community Updates Management Report
Marvin L. Walton Riverbay Executive General Manager Management would like to provide a summary of the vacant apartments that were repaired at the onset of the implementation of the Turnkey Program (TKP). The TKP involves outsourcing the labor component of the restoration process to outside contractors (turnkey contractors). The contractors were required to go through a bidding and approval process administrated by both the Procurement and Restoration departments. In 2017, the TKP was introduced by Management as a pilot to evaluate its efficacy in addressing the availability and pace at which apartments were restored by the Restoration department and turned over to the Sales department to be sold to potential shareholders. In the beginning of the fiscal year April 2018, Riverbay had 231 vacant apartments. In June 2019, that number went down to 197 vacant apartments. In the summer of 2019, the Mohawk company advised Management that they could no longer produce the 9x9 wood tile that was currently being installed as the new flooring for vacant (Continued on page 4)