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Co-op City Times 08/24/24

Page 1

Vol. 59 No. 34

Saturday, August 24, 2024

Open Board Meeting Wed., August 28, Bartow Rm. 31

The Riverbay Board of Directors open Board meeting is scheduled for Wednesday, August 28, at 7 p.m. in the Bartow Community Center, Rm. 31. Shareholders are invited to attend and address the Board during the Gallery Session.

MTA Begins Issuing Summonses for Bus Lane and Bus Stop Violations BY BRANDON ORTIZ

The MTA began issuing violations for drivers who obstruct bus stops and bus lanes on Aug. 19. Drivers who block or double park by a bus stop will now receive a $50 summons that can climb to $250 per infraction for repeat violators. This latest update capped off a 60-day grace period where the MTA was only issuing warnings for drivers caught by the new Automated Camera Enforcement (ACE) system, which was announced in June. ACE builds on the Automated Bus Lane Enforcement (ABLE) camera system, (Continued on page 3)

Update on Garage Modification Project Riverbay Management is pleased to provide an update on the ongoing Garage Modification Project in Co-op City. The first phase of the project, which included upgrades to the front elevators in Garages 3, 7, and 8, as well as the rear elevator in Garage 6, has been successfully completed. The next phase of the project began on August 21. This phase will focus on the front elevator in Garage 6, as well as the rear elevators in Garages 3, 7, and 8. These upgrades are expected to be completed by mid-December 2024. Inspections for the elevators in Garages 1, 2, 4, and 5 are also currently being scheduled with the Department of Buildings (DOB) and are expected to be completed by September 23. See page 2 for Garage Modification Schedule. The goal of this project is to upgrade and modernize all 16 passenger elevators serving the parking garages and Management is working closely with Champion to ensure that the project is completed by the end of the year. Notices will be posted in the buildings, in the Co-op City Times, and on the Crawler to keep residents informed of the progress and any disruptions to elevator service in the garages. Management thanks shareholders for their continued support and understanding as Riverbay works to enhance the safety, efficiency and functionality of the parking garages and improve Co-op City’s infrastructure. —Riverbay Management

$1.25

A Transition Period – A Transitional Year

Dear Fellow Shareholders, President’s Report I cannot ad- equately express how fortunate I feel to be able to address the Coop City community as your newly elected Riverbay Board President, for it is truly an honor and a privilege. I wanted to take this opportunity to thank everyone who supported that decision by honoring me with their vote of confidence in my leadership. I also want to congratulate Board Director Leslie Peterson for being voted in as the First Vice President of the Riverbay Board of Directors. First V.P. Peterson will be taking a very active role in shaping the direction that Riverbay Corporation will be taking going forward. Congratulations to newly elected Board Directors, Leah Graham, Kyshawn White and Jacqueline Smith, who were also elected to Executive Board positions – Second Vice President, Treasurer, and Assistant Treasurer respectively. As one of my very first duties as President, I was proud to appoint Board Director Lynette Wright to the position of Chair of the Audit Committee, and Board Director Leah Richardson as Chair of the Cooperator Appeals Committee. Congratulations to incumbents Bernie Cylich, Mary Pearson, and Andrea Leslie who were successful in their bid to return to the Board of Directors. To those candidates who were not successful, I wanted to reach out to say thank you for your participation as a candidate, and for stepping up to run for the Riverbay Board of Directors. The process was lengthy, and your commitment to the process was indeed admirable. I want to use this opportunity to thank Board Director Anika Green-Watson, as well as former Board Director Claudia Sampson for their hard work with the 2024 Riverbay Board Election Committee members, and all of the candidates. This year’s Riverbay Board election process was made more difficult due in part to the late start of the process, and the time it took for shareholders to reach quorum, as required by law. What to Expect Despite expectations, shareholders were slightly less engaged in the voting process this year than they were last year. I believe that shareholders are disengaged because they feel that the Board was, quite simply, not listening to their concerns. I strongly believe that the majority of the Board wants to address your concerns. As I stated during my closing remarks at the August 14th meeting, going forward, Board Meetings are going to be open, and a Gallery Session will be first on the agenda at every Open Board Meeting.

Rod Saunders

(Continued on page 2)

Budget Planning Calendar: Fiscal Year 2025/2026 and 2026/2027 Management Report

Marvin L. Walton

Riverbay Executive General Manager The New York State Division of Housing and Community Renewal (DHCR) requires MitchellLama housing companies to submit a two-year budget. This budget shall be approved by the Riverbay Board of Directors. The budget planning process for the development of the Riverbay Corporation Fiscal Year 25/26 and 26/27 budgets will vary from previous years. Management will partner with Shareholders and the Board Directors to formulate budget estimates that reflect the real needs of the community. Community engagement will be an integral part of this year’s process and will be coordinated through the building and townhouse association leadership boards. Shareholders are encouraged to work with their association boards to communicate priorities needed in the community for the 2-year budget cycle. (Continued on page 4)


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