Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2016 Co-op City Times
Vol. 51 No. 52
Riverbay Receives $1.5 Million From Con Edison For Power Plant’s Load Shedding Performance In 2016 Co-op City received an early Christmas present this week as Riverbay management executives accepted a check on behalf of the community’s shareholders for $897,609 on Tuesday morning in payment for the Power Plant’s performance this past summer in having the ability to both shed load and export power to Con Edison when the regional utility requests it. This, combined with the payment of $590,400 presented to Riverbay executives on November 1st, bring the total amount of revenue earned due to BY BILL STUTTIG
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Over $2.5 Million In Savings As We End The Year 2016!
Saturday, December 24, 2016
Riverbay Executive General Manager Bob Klehammer (right) along with General Manager Noel Ellison (2nd from left) and Director of Utility Asset Anthony Ligato (left) accept a check of approximately $900,000 on behalf of Co-op City’s shareholders from David Neiburg, President of Energy Spectrum. The check is a payment to Co-op City from Con Edison for the Power Plant’s ability to export power to the grid during times of power needs in the region due to heat waves this past summer. Photo by Bill Stuttig
Discounted holiday parking for Christmas and New Year’s Eve holidays Riverbay Corporation’s discounted transient parking rates will be in effect for the Christmas and New Year’s holidays when rates in all eight of Co-op City’s parking facilities will be significantly reduced to $6 between the hours of 12 p.m. to 6 a.m. starting today, Christmas eve, Saturday, Dec. 24, and continuing into tomorrow, Christmas day. The discounted parking rates will also be in effect next Saturday, Dec. 31, New Year’s eve, when visitors to the development will BY ROZAAN BOONE
25¢
As we wrap up an• Workmen’s Comp other calendar year, it President’s Message Insurance – $500,000 is satisfying to know Short Term DisabilRiverbay will end it on ity Insurance – $14,000 President a very good note. Our Though, as in the last scheduled Board case of our health insurmeeting of the year brought ance, some expenses may go up, the bottom line is we were about a reckoning of $2.764 able to save $2.764 million in million in savings! Considthe end. As we work on the ering that just two years ago upcoming budget for 2017/ we only had $900K in the 2018, we will need to conbank, we have continued to sider our capital projects over save money. The price of the next few years. There is gas, not predicted two years much to do, but I am relieved ago, has been good to us. to know that we are in a much However, we have found better place to deal with these issues creative ways to save money and conthan we were two years ago. tinue to do so moving forward. This is The savings we amassed came from so critical because of the capital projects needed around our property from planning and hard work. The Power lobbies, shopping centers, Dreiser Plant staff continues to be efficient to auditorium and our replacement of enable us to benefit from the Con Ed 130 elevator machines. program. We recently received $900, Here’s how we saw the $2.7 mil000 in spite of all the challenges we lion savings: have with the construction of the new • Income Tax – $450,000 use of an high pressure boiler. That is another HCR regulation (Continued on page 2) • Con Ed Program – $2,300,000
Linda Berk
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Board unanimously passes resolution requiring IDs for all contracted workers and commercial visitors Perhaps as early as this spring, all workers for contractors performing work for Riverbay on Co-op City property will be required to sign in and carry temporary Riverbay-issued cards with them identifying them as authorized to work or conduct business onsite. In most cases, the cards will only give authority for that visiting worker to be in the area where his or her work assignment is taking place. BY BILL STUTTIG
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Learning to Give…Even children as young as three-years-old are learning the importance of giving to the less fortunate as they hold up non-perishable food items that their families and staff at the Learning Ladder School for pre-k children on Aldrich Street collected for the annual food drive currently being conducted by Riverbay’s Department of Public Safety. The annual drive through which Co-op City residents and workers donate thousands of pounds of non-perishable food items to City Harvest, will be ongoing in the community through January 13th. Donations can be dropped off at Public Safety headquarters in Bartow Center or at the CSO offices in Dreiser or Einstein Center. Photo by Bill Stuttig