Rochdale Village Bulletin Newspaper - September 2019 Edition

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THE COOPERATORS’ NEWSPAPER

Vol. 55 No. 10

RV Management’s got your homes Covered!

September 2019

SERVING OVER 25,000 SHAREHOLDERS IN THE WORLD’S SECOND LARGEST HOUSING COOPERATIVE

RV Management...

• Recovers $2.1 million in back Shelter Rent • Earns RV immediate tax savings • Secures Millions in tax abatements to RV, FOREVER

MANAGEMENT CLOSES ON $195,000,000 Refinance for Rochdale!

Story on pages 1 and 10

by

I

Susan Van Brackle

t took astute expense management and a cracker jack team at Rochdale Village to not only secure an immediate tax windfall for the cooperative but also millions of dollars in tax revenues in perpetuity. That’s FOREVER folks. Yes, forever, forever, ever, forever, ever. Only a year ago, officers of Rochdale’s management team received an exorbitant Shelter Rent

bill on behalf of the complex. The invoice charged Rochdale Village Inc. retroactively capturing years 2014 through 2018 and totaled approximately $2.1 million dollars. Management’s initial reaction to an additional NYC tax assessment of $1.2 million dollars charged to Rochdale Village in 2018 for years 2014/15 was ‘You must be kidding me!’ However, once the shock and awe of this looming payment wore off, management began a deep-dive into how an amount like this could (Continued page 10)

NYPD Police Officers meet in partnership with Rochdale Village Public Safety.

President’s - Pg. 2 Annual | General 4 | Report Youth-Planning’s ArtCommittee Gallery - Pgs. 14 &-17Pg. 22 | Notice ofReport Stockholders MeetingManager’s - Pg. 2 | Report General- Pg. Manager’s Pg. 4 | RV Reports

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RV Public Safety Committee’s Focus on Summer Safety Page 13 In Pg. 25 28& 28 | RemembranceHomegoings - Pgs.


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