Co-op City Times 12/28/2024

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Vol. 59 No. 52

December 28, 2024

$1.25

Read us online: issuu.com/cctimes • Follow us on social media: IG/X/Threads @coopcitytimes • @coopcitytimes.bsky.social

CCPD: Much Appreciation to Our Toy Drive Donors

MTA Board Approves 2025 Budget BY BRANDON ORTIZ

Thanks to the generosity of Co-op City shareholders and visitors, and Bartow Stationery, CCPD collected approximately 1,030 donations of toys, puzzles, art and sports equipment during this year’s Toy Drive. The donations were then distributed to children at three family shelters, Jackson Avenue Family Residence and Willow Avenue Family Residence, both in the Bronx, NY, and another in Manhattan. CCPD thanks all those who so generously gave to help brighten the spirits of displaced children this Holiday season. (See page 7 for more details.) Photo by Sgt. Vargas

The MTA Board voted to approve their 2025 budget on Wednesday, December 18, 2024. MTA Deputy Chief Financial Officer Jai Patel originally presented the 2025-2029 financial plan with next year’s $19.9 billion budget during the MTA Board meeting on November 18. November’s financial plan provided a positive update on projected budget deficits in 2027 and 2028, which were highlighted previously in July’s financial report. New forecasts have 2027 and 2028’s budget deficit decreasing by $50 million to $378 million and $419 million, respectively. Compared to pre-pandemic revenue levels, projected subway fare, bus fare and real estate tax revenue are significantly lower, and are the main contributing factors to the MTA’s projected deficits in the near future. MTA Chief Financial Officer Kevin Lillens provided a synopsis of the 2025 budget and the updated financial plan for 2025-2029 before the Board voted on December 18. “The good news is, the plan is modestly better than what we forecasted in July with lower outyear deficits. And also, we’re closing out 2024 on a solid footing where we’re continuing to keep our expenses low and seeing great (Continued on page 5)

Happy New Year to our Readers! See page 3 for Riverbay closings and Co-op City Times Deadlines.

2024 Year in Review – January-June, 2024 #10 voted no on an application for an adult-use cannabis retail shop in the Peart(The following is an account of the major events occurring in or affecting Co- ree Mall during a public hearing in Bartow Community Center’s Room 31 on op City during the first six months of 2024 as reported by the Co-op City Times. Thursday, January 4, 2024. The application was filed by Mello Tymes LLC for a cannabis dispensary at 675 Co-op City Boulevard (old Chase building). CB Next week’s issue will include an account of the final half of 2024.) #10’s decision is advisory in nature; the final decision was to be made by the JANUARY New York Office of Cannabis Management (OCM) and the Cannabis Board. January 2024 began with news that HCR was scheduling a carryShareholders were also notified about the annual Window ing charge conference with shareholders to be held on Jan. 20, 2024 Guard Notices which had been posted in building lobbies and were to solicit comments on the proposed 2.1% carrying charge increase CB #10 Votes No On Cannab Shop in Peartree Mallis Retail to be mailed to each residential unit. The deadline for shareholders which was to become effective on April 1, 2024. The deadline for to complete and return the notices to Riverbay Corporation was written comments was Jan. 29, 2024. This increase was due to a Feb. 15, 2024. shortfall in Riverbay Corporation’s operating expenses, namely risAlthough Co-op City has a “no-pets” policy, under local, state ing insurance costs, asbestos abatement expenses, increased funding and federal laws, Riverbay Corporation must allow some residents of replacement reserves and general price increases for supplies, mato have pets under certain circumstances, including dogs. Shareterial and services. holders who require additional information or need a copy of the With the April 1, 2024 carrying charge increase approaching, Reasonable Accommodations Service Animal Policy and Applicashareholders were provided with information about the city’s Setion were advised to visit the Resources page on the website, coopnior Citizen Rent Increase Exemption (SCRIE) and Disability Rent city.com, and scroll down to the Legal page. To assist dog owners to Increase Exemption (DRIE) programs, including eligibility and coexist with fellow cooperators as good neighbors, the city’s Health how to apply. Those who had not yet applied and who believe they Code and New York State Public Health Law were reiterated as well may be eligible were encouraged to do so as soon as possible. Shareholders were also informed that NYC Department of City Planning as information on Riverbay-provided dog stations to help dog owners comply scheduled a Zoom Info Session on the Bronx Metro-North Penn Station Access with the public health laws. In her first President’s Report of the new year, then-Riverbay Board President Plan to be held on Jan. 10, 2024 to provide an overview of community planning thus far around building of four new Metro-North stations, one of which will be Sonia Feliciano reminded shareholders about the proposed 2.1% carrying charge in Co-op City, as well as details on the upcoming formal public review process, increase scheduled to be implemented on April 1, 2024 and the extenuating circumstances that warrant the increase. She also informed homeowners of steps also known as the Uniform Land Use Review Procedure (ULURP). At the Jan. 10th virtual meeting on the Bronx Metro-North Penn Station Ac- being taken by the Board and Management to help keep the community affordcess Plan, which was also live streamed on YouTube, and hosted by representa- able and sustainable, and encouraged shareholders to attend the virtual HCR cartives from the Department of City Planning, MTA, NY City Council and Bronx rying charge conference scheduled for Tuesday, Jan. 30, and also to vote in the Borough President Vanessa Gibson, shareholders learned more details regarding May 2024 Riverbay Board of Directors election. The Board scheduled an Open Board meeting for Jan. 24, 2024 in the Bartow the future Co-op City station currently in development. Although the session primarily focused on the Morris Park/Van Nest and Parkchester stations, some de- Center. Shareholders were invited to attend to observe the Board at work or tune tails shared pertained to all four stops, including the one to be built in Co-op City. in to the Riverbay Crawler to watch the meeting live. In early January, the Co-op City Times also reported that Community Board (Continued on page 2)

BY ROZAAN BOONE & DANIELLE CRUZ

Vol. 59 No. 1

Saturday, January

6, 2024

$1.25

BY BRANDON ORTIZ

Community Board #10 voted no on an application for an adult-use cannabis retail shop in the Peartree Mall during a public hearing in Bartow Community Center’s Room 31 on Thursday, January 4, 2024.

Riverbay Board Director Rod Saunders was one holders who spoke out of several shareagainst an adult-use cannabis pensary at 675 Co-op retail disCity public hearing held on Blvd. during Community Board #10’s Jan. 4 in the Bartow Center. Photo by Brandon Ortiz

HCR Carrying Charge Conferen ce on Jan. 30th for Shareholders’ Comments on Proposed Increases Written Comments Also

Being Accepted

BY ROZAAN BOONE

NYS Division of Housing and Community Renewal has scheduled a Jan. 30, (DHCR) 2024 with Co-op City shareholders virtual carrying charge conference in monthly per room carrying to discuss a proposed 2.1% increase charges effective April 1, Riverbay’s application cites a shortfall in operating2024. es due to rising insurance expenscosts, increased funding of replacement asbestos abatement expenses, reserves and general price increases for supplies, materials and services. A 2.1% carrying charge increase adds $5.37 in average monthly per room carrying charges to the current maximum average of $255.87 per room, which includes utilities. The virtual carrying charge conference will be held with Co-op City stakeholders on Tuesday, January 30, at 7 p.m. on Webex. to the meeting from a mobile To log in device, https://riverbaycorporation-20 use the following information: 5.my.webex.com/riverbaycor(Continued on page 2)

See Annual Window Guard Notice on pg. 4

The application, filed for a cannabis dispensary by Mello Tymes LLC, is vard (old Chase building).at 675 Co-op City BouleCB #10’s decision on step in the process as the Thursday is not the final New York Office of Cannabis Management (OCM) on the final outcome of the will ultimately decide application from Mello Tymes LLC. Before the public had an their opinion on the potential opportunity to voice tail shop, members of Mello adult-use cannabis reTymes LLC delivered a brief presentation. Roger Thomas, CEO and COO of Mello Tymes, explained the general plan for how the space would be converted into a dispensary and also discussed basic management logistics. “Basically, we want to remodel inside the former Chase Bank. Employee-wise mately 25 to 30 hirees who , we’ll have approxitend or (work with) delivery. Our store hours will now – 10 a.m. to 10 p.m.,” be – it’s tentative right Thomas said. The presentation then went into security measures for the location followed by a personal anecdote on the benefits of medicinal cannabis from one of Mello Tymes’ educators. In the last portion of the presentation, Eric Analyst for Mello Tymes,Spencer, CCO and Policy hours of business for the clarified the approximate dispensary. “The times will be approximately, as the Chief Compliance Officer, the times will be approximately 11 a.m.-7 p.m., Monday through Friday. Saturday and Sunday, 11 a.m.-9 p.m.,” Following the presentationSpencer said. from Mello Tymes, participants who signed up to speak before the meeting were given three opinions on the potential minutes to express their dispensary location. (Continued on page 4)

NYC Planning Info Session on Bronx Metro-North Study

NYC Department of City Planning will host an Info vide an overview of community Session to proplanning thus far around of four new Metro-North the building stations, one of which will and details on the upcoming be in Co-op City, as the Uniform Land Use formal public review process, also known Review The Info Session is scheduled Procedure (ULURP). for Wednesday, January it will take place virtually 10, 2024 and on To register for the BronxZoom from 6-8 p.m. Metro-North Pre-Certificati meeting, go to https://us06web on Zoom .zoom.us/webinar/register/WN Ll_6DCRICcWW4kC0lLrQ _TmOR use bit.ly/3S6GnaF To join the January 10th or the QR code here: meeting by phone, you numbers: may dial any of the following

(Continued on page 5)


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