Co-op City’s official newspaper serving the world’s largest cooperative community. © Copyright 2017 Co-op City Times
Vol. 52 No. 2
Saturday, January 14, 2017
Community to rally Wednesday evening to prepare for the Women’s March on Washington BY BILL STUTTIG Just two days prior to hundreds of Co-op City residents boarding buses to take part in the massive Women’s March on Washington, D.C. on January 21st, the Co-op City community will hold a rally from 6 to 9 p.m. Wednesday evening, January 18th, in Dreiser Auditorium B to prepare for the march both physically and spiritually. A number of political leaders are scheduled to appear and effectively voice the concerns that many in Co-op City and elsewhere have as a new Presidential administration and a Republican Congress are about to take over the reins of power in this nation. Women’s issues, such as pay equality, reproductive rights and continuing access to family leave assurances and affordable health care, will be front and center at the rally, as well
as the march of Saturday, but issues of general concern to the entire nation will also be voiced within earshot of our leaders in Washington. Many in our nation, as well as our community, such as Riverbay Board First Vice President Bernie Cylich and President Linda Berk, have voiced great unwillingness to accept giving up the rights gained over a half century of struggle if not more. They, and perhaps millions of others, have expressed a willingness to wage a bitter fight with Washington in the coming years – if the nation is forced to give up gains in the areas of equal rights and access to basic services won over the past several decades. President Berk said this week: “I am excited that the rally will give many shareholders who cannot make (Continued on page 2)
Riverbay Management Meets With City DOT Commissioners BY ROZAAN BOONE On Thursday, Jan. 12, Riverbay’s Executive General Manager Bob Klehammer, General Manager Noel Ellison and Director of Special Projects Joe Boiko met with NYC Commissioner of the (Continued on page 13)
25¢
A Lot To Look Forward To In 2017 been able to perform a few audits, As we begin a new year, there are giving the board and mixed emotions for President’s Message management an 2016 that is now excellent reference behind us. We had point from where to problematic issues President begin with improving with the Cooper Place efficiency and profiwater leaks, construcciency in Advertising Revtion in Dreiser and Bartow enue, Accounts Receivable Centers, the high pressure boiler installation and and Restoration. There’s unreasonable delays in obviously more to be done restoration appointments. and more improvements With that said, the year expected. was not all problematic! I have noted and comWe were able to save $2 mented to management that million in the multi-family I have been impressed with a water conservation profew departments at Riverbay. gram with the pre-paid carrying They are Sanitation, Buildings and charge program. We earned $3 milGrounds and the Power Plant, which lion in our Con Ed program, in spite has come a long way. Sanitation removes gar-bage quietly, quickly of the issues we had with the new and does not leave trails of food and high pressure boiler still in the garbage along their routes like the installation process. Our move-out rate dropped down to 46 apartments NYC Department of Sanitation. a month, reinforcing the notion that I have noticed that Buildings and Co-op City is a desirable place to (Continued on page 2) live. Our new Internal Auditor has
Linda Berk
Holiday Closing For Dr. King, Jr. Day Celebration The Riverbay administrative offices will be closed on Monday, January 16, in observance of the celebration of Dr. Martin Luther King, Jr. Day. Although the administrative offices will be closed this Monday in observance of Dr. King Day, emergency services will be available. Shareholders may contact the maintenance desk for emergency maintenance at (718) 320-3300, choose Option #3, and the Co-op City Public Safety Department at (718) 671-3050, and 9-1-1 for emergencies. We wish everyone an enjoyable Dr. Martin Luther King, Jr. holiday.
NYC DOT Commissioner Polly Trottenberg (second, left), Acting Bronx Borough Commissioner Nivardo Lopez (left) and Keith Kalb, Director, DOT Community Affairs (extreme right), listen attentively during Thursday’s meeting with Riverbay Executive General Manager Bob Klehammer, General Manager Noel Ellison, Director of Special Projects Joe Boiko and First Vice President Bernard Cylich. Photo by Rozaan Boone
Sterling National offers refinancing for deferred equity loans and other mortgages BY BILL STUTTIG Shareholders who paid for the equity on their Co-op City home through Riverbay’s deferred equity program now have the opportunity to refinance those loans at a much more affordable rate. Sterling National Bank, which in October became a second approved lender for new and transferring Co-op City shareholders, will begin mailing out notices to shareholders this weekend apprising them of the opportunity to refinance their deferred equity (Continued on page 4)
BUILDING 33 FIRE … An early morning fire on Wednesday in a 14th
floor apartment in Building 33 seriously injured two individuals who occupied the home, one critically. Preliminary reports are that the fire might have started due to a cigarette butt that was not properly extinguished hours before. Photo by Bill Stuttig