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Co-op City Times / May 6, 2017
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Leah Richardson
Why should you VOTE for Leah Richardson for the Riverbay Board of Directors? I (Leah Richardson) have been a shareholder for 22 years. I bring a common sense approach to problem solving and I follow a set of values which has helped me succeed in whatever I do. I believe I will make a significant contribution to my community. I will serve the members with dependability, integrity, and distinction. “COOPERTORS FIRST.” Vote for a person with experience and dependability, a person that will listen and voice the concerns of each and every shareholder. A person that will put in 110% is the type of person you need serving as your Board director. I want to be part of a team that has a proven track record for turning Co-op City around. This Board has proven to be more transparent historically for example: • Open Board meetings • Televised meeting and events • Efficient and diligent at reviewing contracts to avoid unnecessary waste My Vision • I will aggressively seek to restore the original Bx 26, Bx28, and QBx 1 bus routes, which service all sections of Co-op City without a transfer • Will continue to work with the Board to minimize the increased cost of carrying charges and improve services • Reduce cost of restoration of
apartments for transfers and new move-ins • I will be vigilant with the restoration and repairs of all elevators in our cooperative • I will share my professional technical (IT) experience and expertise with my fellow Board members as the corporation moves forward with the newly hired Riverbay Corporation IT manager Community Experience • Board member, Co-op City Democratic Club, serving with club president, Shirley Saunders, of the Co-op City Democratic Club • Chair, Education Committee, NAACP Co-op City Branch • Former President, Building 9 Association I ask you to support and VOTE for: Leah Richardson, Linda Berk, Aminah Lucio, Jerome L. Rice and Kevin Lambright.
Riverbay Board Election Rules and Regulations
✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭✭ GENERAL RULES AND REGULATIONS RELATIVE TO THE RIVERBAY CORPORATION’S BOARD OF DIRECTORS ELECTION AND THE ANNUAL SHAREHOLDERS MEETING GOVERNED BY RIVERBAY CORPORATION BY-LAWS, WEDNESDAY, MAY 24, 2017.
A. GENERAL RULES 1. The election of Directors of Riverbay Corporation and the Annual Shareholders Meeting will commence on Wednesday, May 17th, 2017 at 6:00 a.m. and continue through 9:00 p.m. on Wednesday, May 24, 2017, (hereafter "Election Day"). The Election Committee reserves the right to extend voting hours. 2. The election will be for five residents to serve on the Board of Directors and as many as needed to fill unexpired terms. 3. The Riverbay Board Election Committee shall be established during the month of January, or as soon thereafter as feasible, in any calendar year. a) The election shall be supervised by a Riverbay Board Election Committee (hereinafter" Committee"). b) The Chairperson of the Committee, (hereinafter “Chairperson”) shall be a member of the Riverbay Board of Directors, (hereinafter "Board") who is not a candidate in the election. The Chairperson shall be appointed by the President and approved by the Board. c) The Chairperson shall recommend to the President the appointment of such additional residents as the Chair deems prudent for membership on the Election Committee. All members shall be resident shareholders, appointed by the President and approved by the Board. d) The Committee shall be assisted by the Corporation's General Counsel or an attorney retained by the Corporation's Board of Directors. e) No member of the Committee or their immediate family shall in any way engage in any campaigning either for or against a candidate or slate of candidates. Committee members shall, to the extent reasonably possible, refrain from publicly commenting upon any issue in the campaign, and
shall not engage in any activity which may create the appearance of partiality. Members of the Committee who are also members of the Corporation's Board of Directors shall refrain from writing viewpoints during the period of time commencing one week prior to the Date of Certification and continuing through the date of the election. f) A member of the Committee who violates the provisions of paragraph "e" or whose family member violates the provisions of paragraph "e" shall immediately be removed from the Committee. g) Nothing contained herein shall be construed as limiting a member of the Committee or a member of his/her immediate family from signing a nominating petition or voting. 4. There will be one vote per unit by residents who were shareholders of record on April 3, 2017. 5. Voting, by mail or electronically, will commence at 6:00 a.m. on Wednesday, May 17th, and conclude at 9 p.m. on Wednesday, May 24, 2017. B. RULES FOR ELIGIBILITY OF CANDIDATES 1. A candidate must be a resident shareholder as indicated on the candidate's stock certificate, occupancy agreement and the current Occupants Annual Affidavit of Family Income and must continue to reside in Co-op City for the entire term of office in order to serve as a Director. 2. No more than one resident shareholder of a single unit may be a candidate for the Board of Directors; and no more than one resident shareholder from a single unit may serve as a Director. 3. No candidate may be indebted to the Corporation when picking up petitions; on the date they are certified; and on the date votes are counted. If a candidate is
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indebted to the Corporation on any of these days, the candidate will be disqualified. In addition, all candidates must remain current throughout the election period until the candidate is sworn in if elected, for unpaid carrying charges or other debts to the Corporation. A candidate shall not be indebted to the Corporation for purposes of this rule if their monthly carrying charges and maintenance are fully paid by the 10th day of the month in which it is due. At the close of business on the date the petition period ends and weekly thereafter, Riverbay's Finance Director will provide a written list to the Chair of the Election Committee of all candidates' indebtedness to the Corporation, if any. 4. Prospective Candidates may, after signing the required authorizations and upon verification that they are current on their indebtedness to the Corporation, pick up a petition package and nominating petitions from the Riverbay Legal Department, at 2049 Bartow Avenue, any weekday between March 20th, 2017 and April 3rd, 2017, between the hours of 9 a.m. and 5 p.m. In addition, Prospective Candidates may pick up a petition package after 5:00 p.m. during this period by signing a form at the Public Safety Office, 2049 Bartow Avenue, Bronx, NY 10475. (Nominating Petitions will not be enclosed in the package). On the following business day, the financial status of the Prospective Candidate will be checked. If the Prospective Candidate is not indebted to the Corporation and has executed the required authorizations, he or she will be contacted and allowed to pick up nominating petitions from the Legal Department, or from the Public Safety Department, and allowed to proceed with petitioning. If a shareholder interested in running for
the Board is indebted to the Corporation, he or she will be provided with an opportunity to satisfy the debt and to collect nominating signatures before the petitioning period ends on April 3, 2017. If the indebtedness is not fully satisfied prior to said time, he or she will not have qualified to be a candidate. A candidate who is current on a written arrearage agreement shall be considered current on charges to the Corporation if such candidate is not otherwise indebted to the Corporation. No candidate shall have felony convictions or convictions of misdemeanors involving moral turpitude. 5. It is inappropriate for any person or entity doing business, or soliciting business with the Corporation, including present or prospective managing agents and contractors, vendors, professionals, unions, their employees, commercial tenants, or persons having a direct or indirect interest in such companies to make campaign contributions or pay campaign expenses, whether in cash or in-kind, of persons running for the Board of Directors of a housing company. Directors of a corporation act in a fiduciary capacity with respect to the corporation, and are required to place the corporation's interest above their personal interests. Accepting campaign contributions from parties who contract with the corporation creates at least an appearance of a conflict of interest and, in most circumstances, an actual conflict as well. Any candidate who knowingly accepts campaign contributions or payment of campaign expenses, direct or indirect, in cash or in-kind from any person or entity doing business or soliciting business from the Corporation, including but not limited to the managing agent, or any vendor, union, (Continued on next page)
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