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Co-op City Times 03/30/2024

Page 1

Vol. 59 No. 13

Saturday, March 30, 2024

HCR Delays Carrying Charge Increase to July 1, 2024 BY ROZAAN BOONE

The New York State Division of Housing and Community Renewal (HCR) has amended the implementation date of the April 1, 2024 carrying charge increase in the amount of 8.1% for Co-op City shareholders. The carrying charge increase now becomes effective on Monday, July 1, 2024. The amended Commissioner’s Order, dated March 22, 2024, was published on page 1 of the March 23, 2024 Co-op City Times, and is the result of negotiations among New York State Senator Jamaal Bailey and State Assemblyman Michael Benedetto with New York State Governor Kathy Hochul’s Office and HCR to provide some form of financial relief to shareholders. State Assemblyman Mike Benedetto told the Co-op City Times this week: “After weeks of advocacy, I am pleased Senator Bailey and I were successful in getting the New York State Division of Housing and Community Renewal to pause this drastic increase. This delay (Continued on page 2)

CBDTP Toll Rates Finalized BY BRANDON ORTIZ

The MTA Board voted and approved the rates for the Central Business District Tolling Program (CBDTP) on Wednesday, March 27, 2024. Drivers will be charged for entering the Congestion Relief Zone, which extends from 60th Street in Manhattan below to the tip of the island. While the zone incorporates all local streets or avenues below 60th Street, the Westside High-

Two Filing Options Available for 2023 Income Affidavit Filing Period: April 1–April 30, 2024 BY ROZAAN BOONE

Shareholders have two options to file their 2023 Income Affidavits this year – the traditional paper form, or an electronic form which will be available on the Riverbay website, https:// www.coopcity.com/income-affidavit, starting at midnight on Monday, April 1, 2024. The filing deadline for the 2023 Income Affidavit is Tuesday, April 30, 2024. Shareholders filing a manual paper income affidavit should be aware that the New York State Division of Housing and Community Renewal (DHCR) has changed the form – it is now in duplicate pink and white copies only. The paper form must be notarized. Shareholders who do not receive their Income Affidavit package in the mail by the second week in April, can request and pick up a copy from the Riverbay Finance department starting on Monday, April 8. Copies can also be downloaded and printed from the Riverbay website, https://www. coopcity.com. In the coming weeks, the Finance department will be scheduling Income Affidavit help sessions. Once the schedule is set, information will be printed in the Co-op City Times and on the Riverbay Crawler, channel 12 (MATV) (Continued on page 2)

We wish our readers a happy and blessed Easter season.

way, the FDR Drive and Hugh L. Carey Tunnel direct connection to West Street are excluded from the zone. Congestion pricing is expected to begin in June of this year, according to the MTA. The agency expects the revenue from the CBDTP to contribute to several capital improvement plans such as: accessibility improvements at 20 sub(Continued on page 5) way stations, signal

2024 Board Election Committee to Host Info. Session for Prospective Candidates, April 8 BY ROZAAN BOONE

Board Directors Anika Green-Watson and Claudia Sampson, co-chairs of the 2024 Riverbay Board Election Committee, will host an information session on Monday, April 8, to educate potential candidates for the Riverbay Board of Directors about the election process and their responsibilities as Board directors. The workshop, “So, You Want to be a Riverbay Board Director,” will begin at 7 p.m. in Room 31 of the Bartow Center. Among the topics to be covered are an overview of the Riverbay Board of Directors, Board directors’ responsibilities, the application process and candidate eligibility requirements. There will also be a question and answer period for those interested in running for a seat on (Continued on page 4)

CCPD Seeks Person of Interest in Package Thefts The Department of Public Safety requests your assistance in locating the person of interest depicted in the photos below. If you see him, please call Public Safety immediately at 718-671-3050. Do not approach or confront this suspect as he has an extensive arrest history in and around Co-op City. The Department of Public Safety has previously arrested this suspect multiple times.

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Join the 2024 Riverbay Board Election Committee Dear fellow Shareholders, As we prepare for the upcoming 2024 Riverbay Board Election, we are excited to extend an invitation to dedicated individuals who would like to join the Election Committee (the “Committee”). This is a unique opportunity to actively participate in shaping the future of our community and ensure that the electoral process remains fair, transparent, and inclusive. The Committee plays a crucial role in overseeing the electoral process. We are seeking individuals who are dedicated to promoting participation, maintaining neutrality, and safeguarding the security and confidentiality of the election process. If you possess integrity, strong communication skills, and a willingness to learn, we encourage you to consider joining the Committee. If you are interested in joining the Election Committee or have any questions about the role, please go to: https://bit. ly/3x8qUz5 to fill out an application, scan the QR Code here, or contact the Election Committee at Riverbay2024Election@riverbaycorp. com. We look forward to your participation and thank you for your commitment. Sincerely, Anika Green-Watson Claudia Sampson 2024 Election Committee co-Chairs (Continued on page 9)

Hot Water Shut-Downs Explained There have been a number of hot water shutdowns to Zones 1 & 2 recently, prompting questions from shareholders. “Provided below from the Power Plant team is an explanation of the reason for the shutdowns and the process to make the necessary repairs to better serve shareholders as we move forward,” said Executive General Manager Marvin L. Walton. “When these leaks occur, we must do what’s necessary to address them as expeditiously and fully as possible to ensure continued service to the community. I hope this serves to allay some of the concerns that have been expressed to Management.” Why has there been so many hot water shutdowns and why isn’t the issue fixed? The short answer to this question is that there are a lot of leaks in our high temperature system that provides hot water to our buildings as well as heat to the shopping centers and local schools. Addressing a single leak is a three-step process; addressing a host of leaks is much more complicated. The other factor is that every time the constant flow of water is interrupted, existing issues that wouldn’t normally become evident for days, weeks, or even months, may begin to present, leading to what seems like a large number of issues showing up simultaneously. What is the three-step process to addressing small to medium size leaks? Step 0: Have a leak and know the general area where it is located. The operators in the Power Plant can detect when there is a large leak but not where it is. The easiest way to find the general location of a leak is steam coming out of the ground or large patches of (Continued on page 9) discolored grass.


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