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Co-op City Times 06/17/2023

Page 1

Happy Father’s Day to all the Dads & Father Figures

Vol. 58 No. 24

Saturday, June 17, 2023

Election Vendor Reports 2023 Quorum Was Not Reached

$1.25

Getting Shareholders to Understand the Meaning of Voting

BY ROZAAN BOONE

<HV(OHFWLRQV LQIRUPHG WKH (OHFWLRQ &RPPLWWHH DQG 5LYHUED\ /HJDO department on Wednesday evening, June 14, that the quorum of 5,002 ballots was not attained for the 2023 Riverbay Board of Directors election. The third-party election vendor reported that a combined total of 4,703 ballots had been received, representing a turnout rate of 31.34%, not the 33.33% QHHGHG IRU WKH TXRUXP 2I WKH EDOORWV UHFHLYHG E\ <HV(OHFWLRQV ZHUH FDVW RQOLQH DQG DUH SDSHU EDOORWV The election ended at 11:59 p.m. on Friday, June 9, after the Riverbay Board YRWHG RQ :HGQHVGD\ -XQH QRW WR H[WHQG WKH YRWLQJ SHULRG IRU D VHFRQG time. Rule F (14) of the Riverbay 2023 Board of Directors Election, approved E\ WKH 5LYHUED\ %RDUG RQ 0DUFK 5HVROXWLRQ VWDWHV WKDW LI D TXRUXP LV QRW DFKLHYHG E\ WKH HQG RI WKH ¿UVW GD\ H[WHQVLRQ ± DIWHU VL[ weeks of voting – the Riverbay Board “may, in its discretion, either extend the voting period for an additional extended voting period, schedule a new election, or cancel the election.” 7KH LQLWLDO YRWLQJ SHULRG UDQ IURP 0RQGD\ 0D\ ± )ULGD\ 0D\ at which time, the Election Committee exercised its authority to extend the election, also per 2023 Election Rule F (14). That extension gave Co-op City shareholders an additional 2 weeks and a total of six weeks to cast their election balORWV VLQFH YRWLQJ EHJDQ LQ WKLV \HDU¶V HOHFWLRQ Emergency Resolution 23-30, presented at the (Continued on page 9)

Ranked Choice Voting Explained BY BRANDON ORTIZ

1HZ <RUN &LW\¶V ORFDO HOHFWLRQV FKDQJHG ZKHQ 5DQNHG &KRLFH 9RWLQJ ZDV RI¿FLDOO\ LPSOHPHQWHG LQ 5DQNHG &KRLFH 9RWLQJ LV XVHG IRU DOO SULPDU\ DQG VSHFLDO HOHFWLRQV RI WKH IROORZLQJ 1HZ <RUN &LW\ PXQLFLSDO RI¿FHV Ɣ Mayor Ɣ Public Advocate Ɣ Comptroller Ɣ Borough President Ɣ City Council 5DQNHG &KRLFH 9RWLQJ LV D V\VWHP GHVLJQHG WR JLYH YRWHUV PRUH RI D YRLFH LQ GHFLGLQJ WKHLU HOHFWHG SXEOLF RI¿FLDOV VR WKDW WKH ZLQQHU RI DQ HOHFWLRQ LV D candidate with a majority of votes. 9RWHUV UDQN XS WR DV PDQ\ DV ¿YH FDQGLGDWHV SHU EDOORW LQ RUGHU RI WKHLU SUHIHUHQFH IURP RQH WKURXJK ¿YH (Continued on page 9) ,Q WKLV \HDU¶V SULPDU\ HOHFWLRQ IRU 1HZ <RUN

3UHVLGHQW¶V 5HSRUW

Sonia Feliciano Dear Fellow Shareholders, In response to the election results, we did not meet a quorum. This means that after 4-weeks of campaigning, one extension of 14 days for a total of six weeks, we did not meet the quorum of 5,002 votes to call the election and seat the 2023-2024 Board. We had 42 days that shareholders could vote either electronically or by mail – the second longest election period in the history of Co-op City. Only 4,703 shareholders voted out of 15,007 eligible voters. This means that 10,300 shareholders did not vote, why? We have seen over the past several years that meeting a quorum has not been easy. Why are our shareholders not voting when elections for PresLGHQW *RYHUQRU 0D\RU DQG OHJLVODWLYH RI¿FHV WDNH RQH GD\" 1XPHURXV URERFDOOV ZHUH PDGH DQG ZH KDG WKUHH FDQGLGDWHV¶ IRUXPV ZKLFK ZHUH RQ our access channel during the day and night; in the centers and in the buildLQJV À\HUV ZHUH SRVWHG SDOP FDUGV DQG GRRU KDQJHUV ZHUH VHQW RXW DV ZHOO as text messages. As shareholders, we need to accept the responsibility that voting is a right that allows us as shareholders/citizens to be heard. I asked many shareholders to vote, some said they would; some said they were happy with the staWXV TXR VRPH VDLG QRWKLQJ HYHU JHWV GRQH , GRQ¶W OLNH WKH %RDUG VRPH GR QRW YRWH IRU UHOLJLRXV UHDVRQV ZKLOH RWKHUV MXVW GRQ¶W YRWH As a Board, we signed off on the Election Rules presented by the Election Committee calling for one extension, (Continued on page 2)

3K and Pre-K Offers Available, p.3 Juneteenth Luncheon Celebration

The Journey Continues... Management Report

Marvin L. Walton

Riverbay Executive General Manager The last two (2) weeks has been a continuation of the journey of gaining an understanding of the operations of Riverbay Corporation and the way we deliver services to the shareholders of Co-op City. An introductory meeting was held with the En-Power Group, a full-service engineering and HQHUJ\ VHUYLFHV ¿UP WKDW DVVLVWV WKH &R RS &LW\ 3RZHU 3ODQW ZLWK HI¿FLHQW HQHUJ\ PDQDJHPHQW 7KLV ¿UP SURSRVHV PHDVXUHV WKDW ZLOO LPSURYH HQHUJ\ HI¿FLHQF\ DQG UHGXFH &R RS &LW\¶V FDUERQ IRRWSULQW throughout the campus in preparation for compliance with Local Law 97. Shareholders should be aware that Co-op City has its own tri-generation power plant which provides electricity, heat, hot water and air conditioning for the apartments. These are amenities that are included in the monthly maintenance charges. Meet and greets were conducted with the following important stakeholders of Riverbay Corporation: (Continued on page 4)

BY P.M. CAMPBELL Assembly Member Michael Benedetto held a Juneteenth Luncheon in the Dreiser Auditorium on Thursday, June 15. After speeches by Assembly Member Benedetto, State Senator Jamaal T. Bailey, Council Member Kevin C. Riley, Bronx District Attorney Darcel Clark, and Bronx Borough President Vanessa Gibson, Montefiore provided lunch. The audience enjoyed entertainment by Okra Dance Company. Senator Bailey announced the passing of a bill on the study of reparations in New York State. ³:H PD\ OLYH LQ WKH ODQG RI WKH IUHH KRPH RI WKH EUDYH ZH JRW WKHUH IURP IUHH ODERU IURP WKRVH ZKR ZHUH HQVODYHG >DQG@ WKDW¶V RXU UHDOLW\ ´ KH VDLG Photo by P.M. Campbell


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