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Board unanimously approves 6% discount for shareholders who pre-pay carrying charges
© Copyright 2016 Co-op City Times
Vol. 51 No. 3
Saturday, January 16, 2016
Ongoing inspections reconfirm elevator safety BY JIM ROBERTS
“They’ve also been assessed by your The New York City Building elevator maintenance company and the Department and two outside elevator New York City Building Department. companies are constantly examining All of us come up with the same concluCo-op City’s elevators sion. They are absolutely and they all have safe,” Warr said in a mes“The elevators have sage to shareholders prereached the same conclusion – riding the ele- been assessed by your sented at the Open Board vators remains safe. elevator maintenance meeting held on Jan. 13 “The elevators here at the Bartow Center. are absolutely safe,” company and the city’s Warr’s firm has surDOB and all have said William Warr of veyed the elevators thVDA Elevator, Riveconcluded they are roughout Co-op City, lisrbay’s outside indetened to the concerns of absolutely safe.” pendent consultant and shareholders, investigated an industry expert. “If specific incidents and has there was any question about the safety determined that safety has not been of the elevators, we would certainly be compromised. the first one to call that out and shut them down. (Continued on page 4)
Public Safety begins simulated firearms training
A Public Safety officer participates in a drill simulating real life police scenarios projected on a screen. The new system is designed to practice life-and-death decision-making capabilities in the time of a crisis. All Public Safety officers will go through this training over the next three months. (See article on page 3.)
Holiday closing and Co-op City Times deadline notice Riverbay Corporation’s administrative offices will be closed on Monday, January 18, in observance of the celebration of Dr. Martin Luther King, Jr. Day. Because of the holiday-shortened work week, all material, including Directors’ viewpoints, for publication in the upcoming Saturday, January 23rd issue of the Co-op City Times must be submitted before 9 a.m. this Tuesday, January 19. The deadline will be strictly enforced to ensure we meet our production deadline. As a result, material received after 9 a.m. on Tuesday, Jan. 19, will not be considered for publication in the Saturday, Jan. 23rd issue of the Co-op City Times. Material may be emailed to cctimes@riverbaycorp.com; faxed to (718) 320-2595 or slipped under the office door at 2049 Bartow Avenue, Rm. 21. 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.
25¢
BY BILL STUTTIG
At an Open Board meeting Wednesday evening before approximately 80 shareholders in the Bartow Center, the Riverbay Board of Directors unanimously approved a resolution which grants, pending HCR approval, an ap-
proximate 6% discount on carrying charges to shareholders who pay their annual carrying charges in advance. The resolution specifically directs management to seek approval of the (Continued on page 2)
Shareholder Nels Grumer questions the Board of Directors about the details of the discounted pre-paid carrying charge proposal prior to the Board voting to pass it later in the meeting. Photo by Bill Stuttig
January 13th Open Board meeting to be broadcast this week
The Riverbay Board Open Meeting held this past Wednesday, January 13, in Room 31 of the Bartow Center will be broadcast on Channel 12 (master antenna subscribers) and Channel 591 for Cablevision subscribers on: • Monday, January 18, 7 p.m.
• Tuesday, January 19, 7 p.m., and • Wednesday, January 20, 7 p.m.
The main topics of discussion included:
• The prepayment of carrying charges to offset the Riverbay Corporation’s water and sewer bills • Increase in equity for new applicants • Elevator issues
Tune in and be an informed cooperator!