Co-op City Times 5/7/22

Page 1

See 2022 Riverbay Board Election Supplement on pgs. 25-34

Vol. 57 No. 19

Saturday, May 7, 2022

$1.25

NY Legislators Hold Presser in Co-op City to Announce Fed Closing of HUD Loan Refinance BY BRANDON ORTIZ

New York’s top legislators held a press conference in the Dreiser

tem, facade maintenance and electrical systems.

May 4, 2022 to announce the closing The move aims to preserve longterm housing quality and affordabilfordable housing is a “basic human Bowman, Regional Director of

and the spirit that is here is so powerful and that’s why we’re going to

in attendance on Monday in Dreiser Auditorium. up to use toward capital improvements

(Continued on page 3)

Upcoming Challenges to Operations Budget

(L-R) RuthAnne Visnauskas, Commissioner, NYS Division of Housing and Community Renewal; NY State Senator Jamaal Bailey; US Congressman Jamaal Bailey; NYS Governor Kathy Hochul; US Senator and Majority Leader Charles Schumer; Alika AmprySamuel, Regional Director, HUD; and Riverbay Board President Bernard Cylich.

2022 Riverbay Voting Period Ends on Friday, May 20 284 electronic ballots cast as of Fri., May 6, 2022 BY ROZAAN BOONE

The voting period of the 2022 Riverbay Board of Directors election will end in two weeks on Friday, May 20, 2022 at 9 p.m. – the

deadline for electronic ballots to be returned to YesElections and mail-in ballots to be postmarked in order to count in this year’s election. This year’s quorum is 5,022 ballots. (Continued on page 12)

Management Report

First Virtual Candidates’ Forum

Bob Klehammer

BY BRANDON ORTIZ

All eleven candidates running in this year’s Riverbay Board of Directors elec-

By now, I hope you have read or seen on the mortgage. The new mortgage infused the corporation with $124M in funds that can only be used for capital improvements, such as work on the building and garage facades, garage elevators, water distribution system and other improvements to our physical plant. The funds cannot be used for our everyday expenses such as salaries, natural gas, insurance, labor and materials we purchase to operate the housing company and deliver services to shareholders. Many of the statements made about this loan have created a misconception that it will prevent carrying charge increases. This is correct insofar as a part of any carrying charge increase won’t need to include funds

April 27. candidates and explained that all three forums would be virtual “due to the up-

much time each candidate would have for their opening statement, response to a question and their closing statement.

(Continued on page 3)

We wish our readers a...

Mr. Tirado led off the opening statements. “I have lived here for almost 20 years and in that time I have served on many committees and volunteer orgalife. I’m hoping that you will support me in the upcoming election and I will

watching that she preferred to use her opening statement as an opportunity for since I was three years old. After I completed college, grad school, and returned (Continued on page 2)


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