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Co-op City Times 10/15/2022

Page 1

Vol. 57 No. 42

Saturday, October 15, 2022

Open Board Meeting to Discuss Jan. 2023 Carrying Charge Increase Wednesday, October 26, 2022 BY ROZAAN BOONE

Riverbay Board President Sonia Feliciano announced last week that an Open Board meeting will be held with Co-op City shareholders to discuss Riverbay’s application for a 7.5% carrying charge increase. The increase will become effective early next year, pending approval of the Commissioner of the NYS Division of Homes and Community Renewal (HCR). More details pertaining to the Open Board meeting

will be announced in next week’s Co-op City Times. As is customary, shareholders will be able to meet with department heads prior to the Open Board meeting and anyone who has other business to discuss with individual departments will be able to do so. In her President’s Report published in the October 8, 2022 Co-op City Times, Board President Feliciano stated: “Several shareholders expressed concern over the November 1, 2022 date in the Board Resolution (22-51)

$1.25

NYC Property Tax Rebates Some shareholders have already received their $150 property tax rebate checks in the mail from the city of New York. This rebate is offered to NYC residents whose homes are their primary residence and who have a combined income of $250,000 or less. In announcing the rebate when he signed the legislation in August, Mayor Eric Adams thanked the City Council sponsors of the bill dle-income property owners. “This will implement a state authorized law allowing the city (Continued on page 4)

(Continued on page 4)

NYSOFA Offering Free Medicare Counseling Program

MTA Provides Updates on Status of Penn Station Access Plan

BY BRANDON ORTIZ

BY BRANDON ORTIZ

program designed to help them understand their options.

progress. Currently, the Penn Station Access Plan is in the early stages of implementation with a target completion window of 2027. To give a quick refresher on what has happened in the past year, the MTA signed a contract with Halmar International, LLC/RailWorks, J.V for the construction of the plan last December. Then, on January 3, the MTA gave the Penn Station Access Plan a Notice to Proceed. (Continued on page 2)

The Bronx and Westchester Community Council of the Penn Station Access

istered resource, called the Health Insurance Information, Counseling and Assistance Program (HIICAP). Counselors can be reached by calling the HIICAP hotline at 1-800-7010501. questions. For instance, HIICAP can help

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Notice to Co-op City Shareholders Join a 2022-2023 Riverbay Board Committee… Co-op City shareholders should complete and return the Riverbay Board Committee Request form by typing in https://bit. ly/3fKPtcJ (case sensitive) into the search bar on their computer or using your phone to scan the QR code here. Follow the direcShareholders 18 years and above can select as many committees as they choose, taking into consideration the scope of each committee and their respective skill set/area of expertise to help move Riverbay Corporation’s business forward. For more information, you may contact the chairs of Board’s Committee on Committees, Claudia Sampson, csampson@riverbayboard.com; or Director Anika Green-Watson, awatson@riverbayboard.com. The 2023 Board committees, their respective chairs, and scope are: Conceptual Plan courtesy of MTA

Tree Pruning in Section 5

This week, the Riverbay Grounds department began tree pruning and removal to stop the spread of termites in Section 5 around Buildings 32, 28 and 29. This work is routine tree maintenance that the department performs annually to remove low hanging branches, branches that touch buildings or people as they walk by, and to remove Crab Apple trees damaged by termites, especially as winter approaches. Photos by Tanysha Farley


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