THE COOPERATORS’ NEWSPAPER
Vol. 50. No. 3
March 2014
SERVING OVER 25,000 COOPERATORS IN THE WORLD’S SECOND LARGEST HOUSING COOPERATIVE
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An update on NORC-p. 5
Visit www.rochdalebulletinonline.com/womenshistorymonth2014.html for more on the women featured.
Questions and Answers: Cooperator Responsibility Ownership of the shares entitles the shareholder to a long-term proprietary “lease” that grants he recent Group meetings have them the right to occupy an apartment as long as highlighted the need to discuss he/she wants. Cooperator rights and responsibilities. Housing cooperatives are unique in COOPERATIVE CORPORATION the sense they are neither rental apartments nor (LESSOR) REPAIR RESPONSIBILITY The lease states that the cooperative single family homes. Shareholders are often confronted with confusing issues when they corporation is responsible to repair all parts of have some privileges of a renter but assume some the buildings and grounds except the interior of the apartments. The cooperative is responsible responsibilities of a single family homeowner. It is important to remember the relationship for keeping all of the buildings, including the between a cooperative corporation (“Lessor”) sidewalks, grounds, equipment and apparatus in and a shareholder (“Lessee”). The cooperative good repair. Rochdale has 117 acres with about corporation owns title to the land and 25 buildings including a power plant. This is a improvements which make up the property. large footprint to keep in good repair. The shareholder owns shares in the corporation. From Management
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“Black Wall Street” a hit -p. 12
Rochdale Village
Home Improvement Guide
S p r i n g 2 0 1 4
aaa Special home improvement guide-pp. 25-27
President’s Message - Page 2 • Committee/Storage Room Rules - Page 3 • Manager’s Report - Page 4 • Happenings around RV - Page 16