Vol. 58 No. 42
Saturday, October 21, 2023
Respect Our Rules and Preserve Our Quality of Life President’s Report
Sonia Feliciano Dear fellow shareholders, Greetings to you and your family. As a follow-up to EV chargers, shareholders have commented positively and negatively on EV chargers. I thank those who have sent emails expressing your opinions as we move forward with the next steps. As discussed previously, I still stand with most members of the Board on our No vote to the current grant we received through the Con Edison Make Ready program. We are looking at other grants that are not as restrictive as the one offered. For example, having to build out 20-24 stations per garage. We know that a full charge would take seven (7) hours which is what we are equipped for. You can certainly charge for one (1) hour to get you about 40 miles. However, the average person going to and from work is about 30 miles, not including wait times on the roads due to traffic. This means you would have to charge once a day. (Continued on page 2)
$1.25
MTA and NYC City Council Host Metro-North Engagement Workshop in Einstein Loop A community engagement workshop on the Metro-North Penn Station Access Plan was held by the NY City Council, Bronx Borough President Vanessa Gibson and Metro-North in the Einstein Center on Wednesday night, October 18, 2023. Overall, the workshop was designed to engage the community and provide an opportunity for shareholders to voice their opinions about the Metro-North train station being built in Section 5. The workshop began with an introduction Cooperators listen to MTA workfrom NYC Councilmember Kevin C. Riley, shop reps about Metro-North (Continued on page 4) plans.
Photo by Brandon Ortiz
Safety Dept. Cautions Shareholders to Adhere to Safe Cooking Habits BY ROZAAN BOONE
Riverbay Responds to Request for Extension on Behalf of Garvey School
October is Fire Prevention Month and the Riverbay Safety Department is once again emphasizing to shareholders the need for safe cooking practices to avoid kitchen fires, especially as Thanksgiving and the Christmas holiday season approach when families traditionally get together to celebrate and break bread. (Continued on page 5)
(The following letter, dated October 12, 2023, was sent to Council Member Kevin Riley by Riverbay Executive General Manager in response to a request for an extension to the Garvey School.)
Notice to Shareholders
Deadline to Indicate Interest in Board Committee/s is by Oct. 21, 9 p.m. 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 October 12, 2023 Honorable Councilmember Kevin Riley 940 East Gun Hill Road Bronx, NY 10469 Re: Garvey School Dear Councilman Riley: Riverbay cannot grant a further extension of time for the Garvey School to vacate the premises. Riverbay has a fiduciary obligation to its shareholders, and to the State of New York, to collect rent from commercial tenants. That income is used to maintain affordability for its residents. Riverbay has granted multiple extensions to the Garvey School premised upon the School’s promise to pay and to vacate the premises by a date certain. The School has not kept either promise. The School’s lease expired on October 31, 2021, nearly two years ago. It knew that the lease was expiring and would not be renewed. Two years later, it is still in possession and has not secured an alternative location. As of August 31st, the Garvey School was indebted to the Riverbay Corporation in the amount of $272,129.04, none of which it has offered to pay for the extension. In November of 2022, the Garvey School, represented by Counsel, entered into a Court ordered Stipulation. Pursuant to the Court Order, Riverbay was granted the right to evict the Garvey School, but agreed to stay eviction until July 31, 2023 so the Garvey School could complete its school year. The Court Ordered agreement was conditioned upon the School’s payment of arrears and current charges. The Garvey School defaulted in its payment obligations in February of 2023. Nonetheless, Riverbay continued to allow the School to occupy the premises until the end of its school year. When the school year ended, the Garvey (Continued on page 9)
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. 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