Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2014 Co-op City Times
Riverbay Board President appoints chairpersons of Board Committees for 2014-2015 Vol. 49 No. 28
At the Riverbay Board of Directors meeting on Wednesday, July 9, Board President Cleve Taylor named the chairpersons and co-chairs of the 2014-2015 Board Committees, which include a few new committees formed this year. Prior to this annual process, each Director is invited to submit which committee(s) they would like to be considered for to the Board President. Based on the responses received, the Board President is then challenged to match the best suited Directors with their respective requests for committees which, in the end, will serve the best interests of the Riverbay Corporation and the community at large. “This year, we have assigned corporate committees to every Board member who was interested,” said President Taylor. “We have asked that they all prepare a mission statement for their committees and list their long and short BY ROZAAN BOONE
Saturday, July 12, 2014
term goals that they wish to achieve during the fiscal year. The committee chairs will be reaching out to all the shareholders through the Co-op City Times with advertisements in the upcoming weeks. We are asking that you please pay attention to the Co-op City Times in the next few weeks for opportunities to serve on those committees where you can volunteer your professional talents.” Board Committees are made up of Board Directors and shareholders, and meet throughout the year to provide policy recommendations for the full Board’s consideration. Except for the Audit Committee, any sitting Director may attend the meetings of any committee(s) they wish to. To chair the Board Audit Committee, President Taylor assigned Director Andrea Leslie. Board Directors Evelyn Turner and Bill Gordon will serve as (Continued on page 4)
Open Board Meeting Wednesday
The Riverbay Board of Directors will conduct its meeting with Verizon on Wednesday, July 16, in public session in the Bartow Center, Room 31, at 7 p.m. and shareholders are invited to observe the proceedings.
Co-op City ESU officers breathe life into stricken resident Two Public Safety officers trained as Emergency Medical Technicians and assigned to the department’s overnight Emergency Services Unit (ESU) responded to a call from family members of an elderly man from Section 5 who stopped breathing in the middle of the night, and successfully brought him back from the brink of death after administering CPR for approximately 45 minutes. BY BILL STUTTIG
Officers Cynthia Singh and Angelique Mendoza responded to the call at approximately 2 a.m. Tuesday in Building 31 and when they arrived at the home and found the man slumped over in a reclining chair. Mendoza, a paramedic with more than 10 years of experience in the field said she could not find a pulse or any signs of breathing and was told by family (Continued on page 2)
Public Safety ESU officers Angelique Mendoza and Cynthia Singh received July Officer of the Month commendations this week for successfully resuscitating a Co-op City man who had stopped breathing. Photo courtesy of CCPD
Keeping a watchful eye on our finances
25¢
Dear shareholders, Scott Realty, This is an IMPOR- President’s Message Inc. has done TANT MESSAGE. to the 2014 On Tuesday night, Balance Sheet, President July 8th, I had the cash position. opportunity to meet In essence, MSI with the Certified has vaporized cash Public Accountants from the balance sheet, (C.P.A.) from the leaving the 2014 accounting firm of Riverbay Corporation Marks Paneth and in a barely positive Shron LLP. They cash position on an are in the process of accrual basis. (Accrual concluding their audit basis is the accounting of Riverbay Corp. for standard used to fairly the fiscal year ending represent a company’s March 31, 2014. This financial position at a meeting was attengiven time capturing all ded by the President, of the cash available Corporate Treasurer, Audit Comm- and all of the unpaid bills and invoicittee Chairman, 2 Board Directors and es NOT paid and sitting in the box. General Counsel. This standard used by Certified Public We discussed the scope of their Accountants gives a more accurate audit and preliminary closing finan- picture of Riverbay Corporation’s cial position of the Riverbay Corp. current financial condition.) Below is and I basically asked questions that a history of Marion Scott managewould cover 21 pages of the 24 page ment of cash. report. They have confirmed my (Continued on page 2) worst fears of the damage that Marion
Cleve Taylor
Cooperators United calls for a Day of Protest over lack of traffic improvements around Bay Plaza
Citing a number of existing traffic problems in and around Bay Plaza and fearing that the situation will only get much worse as the new Mall at Bay Plaza get sets to open next month, with only some minor entrance improveBY BILL STUTTIG
ments complete, Sonja Maxwell and Eleanor Bailey of Cooperators United of Co-op City are calling on their fellow Co-op City residents to take part in a day of protest Monday. (Continued on page 5)
HAPPY BIRTHDAY, AMERICA!
Birthday parties are special; one with fireworks is extra special
Our country’s independence day, July 4th, is a day of celebration. It means different things to different people. You might be native born or a BY LAURETTA J. JAYSURA
naturalized citizen of these United States of America. You might live in the east, west, north or south, it doesn’t matter – if it’s the Fourth of July, one thing is for sure – there will be fireworks. Co-op City, in the northeast Bronx, is no different. On Saturday, July, 6th, this residential community celebrated the nation’s 238th birthday with an iconic and traditional fireworks display sponsored by the Riverbay Fund and Board of Directors. “This was the best one!” said A. Brown, an original cooperator, as he walked back to his apartment in Building 23. “I’ve been to every one and this was the best one. I think everybody liked it being held on Saturday also; you’re already out, so this was nice.” (Continued on page 3)