Vol. 56 No. 46
Saturday, November 13, 2021
HCR Orders 2% Increase in Carrying Charges for Co-op City Shareholders Effective Jan. 1, 2022 BY ROZAAN BOONE
New York State Housing and Community Renewal (HCR) has issued a 2% carrying charge increase for Co-op City shareholders to be implemented on January 1, 2022. The Commissioner’s Order comes after the agency accepted comments from shareholders for an extended 30-day period and also held a virtual carrying charge conference with the community on Sept. 21, 2021. The Riverbay Board of Directors approved Riverbay Corporation’s 2-year
$1.25
Shareholders Get First-Hand Look at Board & Mgmt. Discussions at Nov. 10th Business Meeting BY ROZAAN BOONE
Following the Gallery Session at the Wednesday, Nov. 10th Open Board meeting held in the Dreiser Auditorium, the Board proceeded with the business portion of the meeting which some shareholders stayed to watch. This was the first in-person meeting held with shareholders since the beginning (Continued on page 5)
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ORDER OF THE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL – HCLP-81 RIVERBAY CORPORATION, hereinafter referred to as the “applicant,” a limited-profit housing company duly organized and existing under the provisions of Article II of the Private Housing Finance Law, subject to the supervision of the Commissioner of the New York State Division of Housing and Community Renewal, owns and operates a limited-profit housing development known as Co-op City in the City of New York, County of Bronx, State of New York. The said applicant filed an application dated April 5, 2021, in the office of the Commissioner of Housing and Community Renewal requesting that the present carrying charges be increased because the present carrying charges, together with all the other income of the said applicant, are insufficient to enable it to meet the payments required to be made by the provisions of the
Shareholders meet with Riverbay department directors and representatives to address individual concerns before the start of the Nov. 10th Open Board meeting held in the Dreiser Auditorium. Photo by John Alexander
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Board President Cylich’s Address to Elected Officials
Cooperators Express Concern About Security, Waterfront Park, Dogs & Service Delivery at Gallery Session
President’s Report
BY BRANDON ORTIZ
Delivering on a promise to continue the Gallery Session held virtually at the last Open Board meeting on Oct. 13, this Wednesday’s in-person Open meeting led off with the Gallery Session. In total, 24 shareholders signed up to speak at the Nov. 10th meeting, which gave residents an opportunity to voice their concerns and questions, and to get answers directly from the Board and Management. The Gallery (Continued on page 9)
Lane closures on Baychester Avenue, Nov. 17 Roadways along Baychester Avenue between Donizetti Place and Darrow Place will be limited to one lane in both directions (north and south) on Wednesday, Nov. 17, so ConEd can complete installation of gas main lines in Co-op City as part of its 2-year system reliability project. All attempts will be made to maintain a steady flow of traffic and bus service in both directions while ensuring the safety of workers and pedestrians through the work site. There will be reduced access to the sidewalk at the location and street parking will be prohibited. ConEd will utilize High-Visibility Bumper trucks, cones and barrels as well as flaggers to help direct traffic. Clear signs will warn motorists about the oncoming tapered lanes. Motorists are urged to use extreme caution and slow down while driving in the work area or use an alternative route.
Bernard Cylich (The following is Board President Cylich’s address to state elected officials at the Friday, Nov. 12th roundtable discussion.)
Good morning, Honorable State Senator Jamaal Bailey, Honorable State Assemblyman Michael Benedetto, Honorable City Councilman Kevin Riley, Ms. Ashley Torres, representing the Honorable Congressman Jamaal Bowman, my fellow Board members, our Executive General Manager Bob Klehammer, our Counsel (Continued on page 4)
Pop-Up Vaccinations Sites Are Coming To Co-op City Schools This Week BY BRANDON ORTIZ
At the end of last week, Mayor Bill de Blasio announced that all city public schools serving students between the ages of 5-11 would have a pop-up vaccination site offering the first dose of the Pfizer COVID-19 vaccine at some point during the month of November. Parents will be pleased to know that they will not have to wait long for a pop-up site to come to Co-op City. Below are the current scheduled windows (Continued on page 4)