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Co-op City Times 10/08/2022

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Vol. 57 No. 41

Saturday, October 8, 2022

Notice to Shareholders 2022-2023 Riverbay Board Committees The Committee on Committees (“COC”), chaired this year by Anika Green-Watson and Claudia Sampson, met with the Board of Directors on September 28th to recommend committee chairpersons for the 2022-23 year. Chairpersons of each committee were appointed by the President, with the consent of the Board of Directors. The list of Board committees for 2022-23 is included below for reference. Joining Riverbay Board Committees Co-op City residents over age 18 are encouraged to review the committees and choose the ones best suited to their skill set and expertise to help move the business of Riverbay Corporation forward. Residents who would like to serve on Riverbay Board Committee(s) should express interest by scanning the QR code below or using the Google form at https://bit.ly/3fKPtcJ. Responses will be collected until Friday, October 14, 2022 at 9 p.m. If you have questions related to the committee application process, please reach out to Director Watson at awatson@riverbayboard.com or Director Sampson at csampson@ riverbayboard.com. We look forward to serving with you this year!

$1.25

Maintenance Increase to be Implemented Jan. 1, 2023 Open Board Meeting, scheduled for Oct. 26 President’s Report

Sonia Feliciano Dear fellow shareholders: The Riverbay Corporation has submitted the Board Resolution recommending a maintenance increase to NYS HCR (Homes & Community Renewal) for its consideration. HCR advised Riverbay that several other housing providers have indicated a similar need for an increase, citing rising fuel costs, Several shareholders expressed concern over the November 1, 2022 date in the Board Resolution recommending a maintenance increase. The date was put in the Resolution as a placeholder to initiate the process. It is not the date that an increase will occur. HCR has to consider the request and either approve, modify or deny (Continued on page 2)

Fire Safety for Co-op City Residents Importance of Closing the Door and Safe Use of Space Heaters

BY ANTHONY BARZELATTO

Heating Season’s Substantial Impact on Homeowners’ Finances

BY ROZAAN BOONE

the lives of 19 children and adult, injured more than 65 and left scores of families homeless, was reportedly started by a malfunctioning space heater. Fire in the affected apartment was not contained because the door was left -

Heating season in New York City began October 1, 2022 and will run through May 31, 2023, and co-op and condo boards are bracing for higher than normal energy costs as preliminary weather predictions point to an early and colder than usual winter season. The Old Farmers’ Almanac, a premiere guide to long range weather, predicts the 2022-2023 winter will bring frigid temperatures and higher than usual

is one of the worst residential fires New York City has seen. The tragic loss of life and displacement of families could have been prevented, and with the arrival of the 2022/23 heating season, this is an opportune time to remind Co-op City shareholders

to mid-January, and late January and February. For condo and co-op boards, this means grappling with exorbitant energy costs to provide heat to their campuses as they contend with operations budgets

Riverbay high rise buildings are “FIRE PROOF,”

or DRIE (Disability Rent Increase Exemption) program. Those who qualify may be minimally affected by the proposed 7.5% carrying charge increase which is sion of Housing and Community Renewal (HCR).

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(Continued on page 4)

Applying for SCRIE and DRIE BY ROZAAN BOONE

Senior shareholders 62 years and older, and shareholders who are disabled

could risk being caught in rising heat and smoke in stairwells. If you and your

of the Co-op City Times, the carrying charge increase will most likely not be -

your apartment, do the following: Keep your door closed Seal doors or openings with duct tape, wet sheets or wet towels

which takes time. The November 1, 2022 date included in Emergency Resolution 22-51 is not an actual implementation date. The Commissioner of HCR

coming from directly below Do not break the windows as you may need to close them later Call 911 and give the dispatcher your apartment number and description of the conditions. Follow instructions from Dispatchers; they are trained to help. (Continued on page 5)

(Continued on page 9)

All Riverbay departments will be open for business as usual on Columbus Day, Monday, October 10, 2022. Have a safe and enjoyable holiday weekend.


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