Rochdale Village BoaRd of diRecToRS MeeTing

resolutIons - June 26, 2023

Jean Randolph-Castro Kamal Saleem

Derrick Shareef

Fifteen for; motion passes.

R21-23:

Moved by: Stacey Francis

Seconded by: Khedda Hayden-Ryan

WHEREAS, the contract between Marion Scott Real Estate, Inc. (“MSI”) and Rochdale Village, Inc. (“Rochdale”) for management services expires on June 30, 2023.

WHEREAS, MSI’s name has been changed to Summit Property Management Services, Inc. (“SPM”);

WHEREAS, the Board pursuant to its fiduciary duty wishes to seek proposals regarding the management contract from qualified management companies;

WHEREAS, the Board wishes to have Summit Property Management Services, Inc. continue in its management duties on a month-to-month basis during this process, at a base rate of $57,550.31;

WHEREAS, the Management Plan for Summit Property Management Services, Inc. has been amended to reflect the current staff at Rochdale. NOW THEREFORE BE IT RESOLVED, that the Rochdale Village, Inc. Board of Directors approve maintaining the current Management Plan with Summit Property Management Services, Inc. on a month-to-month basis.

For

Letisha Azizah

Nadine Browne

Jean Hall

Althea Hicks

Kamal Saleem

Against

Clifton Stanley Diaz

Gary Hawkins

Jean Randolph-Castro

Nine for, six against; motion passes.

R22-23:

Moved by: Maryam Hubbard

Seconded by: Stacey Francis

Keysha Beasley

Stacey Francis

Khedda Hayden-Ryan

Maryam Hubbard

Edward Douglass

Sheila McKenzie

Derrick Shareef

WHEREAS, the Board of Directors as part of its fiduciary duties has been reviewing the professional services provided by the Cooperative’s current management firm, Marion Scott Real Estate, Inc., also known as Summit Property Management; and

WHEREAS, it is recommended best business practices to conduct a review of professional services, so that the cost and benefits can be analyzed and compared; and

WHEREAS, the Board of Directors has determined that a Request for Proposals (“RFP”)should be issued to a select number of management firms that have experience with regulated Cooperatives to provide property management and related services to the Cooperative.

IT IS HEREBY RESOLVED: That the Board of Directors directs the Cooperative’s legal counsel, Norris, McLauglin P.A. to prepare an RFP to the qualified management firms selected by the Board of Directors, requesting that they submit written proposals for supervision and management of the Cooperative.

The process will begin immediately and follow the appropriate procedures and timeframes.

Thereafter, said proposals shall be reviewed by the Board of Directors with the assistance of legal counsel.

Upon the selection of a management firm by the Board of Directors and approval by HCR, legal counsel shall be authorized and directed to advise the cooperative’s current management firm of the termination of their services, should they not be selected from the submitted proposals.

For

Letisha Azizah Keysha Beasley

Nadine Browne Stacey Francis

Jean Hall Khedda Hayden-Ryan

Althea Hicks Maryam Hubbard

Kamal Saleem

Against

Clifton Stanley Diaz Edward Douglass

Gary Hawkins Sheila McKenzie

Jean Randolph-Castro Derrick Shareef

Nine for, six against; motion passes.

R23-23:

Moved by: Jean Randolph-Castro

Seconded by: Edward Douglass

WHEREAS, the former old satellite dish area has undergone a beautification renovation which was approved by the Board of Directors on November 22, 2021;

WHEREAS, the newly improved area now called the Rochdale Village Outdoor Pavilion (“the Pavilion”) will have an availability window for both Shareholders and non-shareholders from May to October, Monday through Thursday (10:00 A.M. to 9:00 P.M.), Friday through Sunday (9:00 A.M. to 10:00 P.M.);

WHEREAS, the Pavilion may be used to host such events as Receptions/Brunches/Parties up to five (5) hours at the following fees:

Shareholder

Non-Shareholder

Two-hour setup time and Two-hour setup time one hour breakdown not one hour breakdown not included in the five not included in the five hours hours

Maintenance and Public Maintenance and Public Safety Fees $650 Safety Fees $1,000

Photo Session - two Photo Session - two hours - Maintenance and hours - Maintenance and Public Safety Fees $150 Public Safety Fees $250

WHEREAS, all potential renters of the Pavilion will be advised by notice that Rochdale Village will not be liable for weather conditions which might interfere with scheduled outdoor events. An indoor private space may be reserved in advance at one-half the price of a standard room rental rate; and

WHEREAS, in compliance with New York City noise ordinances, late events must cut off music by 9:45 P.M. and guests must vacate the premises quietly no later than 10:00 P.M..

NOW THEREFORE BE IT RESOLVED, that the Rochdale Village, Inc. Board of Directors is in agreement with all of the aforementioned details pertaining to seasonal renting of the Rochdale Village Outdoor Pavilion.

Moved by: Edward Douglass

Seconded by: Jean Randolph-Castro

SECOND WHEREAS CLAUSE REGARDING NON-SHAREHOLDERS AMENDED AS FOLLOWS:

WHEREAS, the newly improved area now called the Rochdale Village Outdoor Pavilion (“the Pavilion”) will have an availability window for Shareholders from May to October, Monday through Thursday (10:00 A.M. to 9:00 P.M.), Friday through Sunday (9:00 A.M. to 10:00 P.M.)

FOR MOTION TO AMEND

Clifton Stanley Diaz Edward Douglass

Sheila McKenzie Jean Randolph-Castro

Derrick Shareef