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Co-op City Times 12/14/2024

Page 1

Vol. 59 No. 50

December 14, 2024

$1.25

Read us online: issuu.com/cctimes • Follow us on social media: IG/X/Threads @coopcitytimes • @coopcitytimes.bsky.social

Governor Hochul Visits Co-op City to Announce Proposed Inflation Refund

Open Board Meeting in Dreiser on Dec. 18

BY DANIELLE CRUZ

An Open Board meeting has been scheduled by Riverbay Board President Rod Saunders for Wednesday, Dec. 18, starting at 7 p.m., in the Dreiser Auditorium. Shareholders who would like to address the Board and Management are asked to arrive early and sign up to speak at the Gallery Session, which will take place from 7-7:30 p.m. Prior to the start of the Board meeting, shareholders will be able to meet with Riverbay department heads and representatives from 6-7 p.m. to discuss any peartinent matters relative to the respective departments. See meeting Agenda below.

Gov. Kathy Hochul

Photo by Brandon Ortiz

Ahead of her January State of the State Address, Governor Kathy Hochul held a press conference on Monday, December 9, in the Dreiser Auditorium, to unveil a proposal to send “inflation refunds” to New York taxpayers. The inflation refund would be a one-time check sent out to New Yorkers. Individuals earning up to $150,000 a year would receive a check for $300 and joint fillers earning up to $300,000 a year would receive a check for $500. The proposed refund, if approved by the state legislature, would benefit about 8.6 million people in New York, including about 3.6 million in New York City. During the press conference, Gov. Hochul said the checks are meant to provide some relief to New Yorkers struggling to provide for themselves and their families amid the rising cost of rent and essential items, like groceries and medicine. (Continued on page 2)

2020 Income Verification Deadline Extended to Jan. 31, 2025

MTA to Host Open House in the Bronx on 2025-29 Capital Plan

Shareholders who received income verification letters for tax year 2020 from New York State Homes and Community Renewal (HCR) now have until January 31, 2025 to respond by bringing or mailing proof to the Riverbay Finance department. Failure to respond will be assumed to indicate unreported excess income and will result in a retroactive maximum surcharge of 50% being applied to their monthly maintenance accounts for the period starting July 1, 2020 through June 30, 2021. There is also an additional $150 administrative charge. The 2020 Income Affidavits of shareholders who received an income verification letter could have been flagged for several reasons:

New Yorkers will have a chance to learn about the MTA’s 2025-2029 Capital Plan and speak with MTA officials during an open house in the Bronx on Monday, December 16. This latest open house will take place at the Bronx Library Center, located at 310 East Kingsbridge Road, from 3 p.m. to 6 p.m. Monday’s event will be the fourth in a series of open houses the MTA is hosting to educate riders on the agency’s upcoming plans for capital improvements. Participants in the open house will have the opportunity to view posters, pamphlets and videos on the 2025-2029 Capital Plan. MTA representatives

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Riverbay’s “Holidays Around the World” Celebration

See Page 3 for Co-op City’s Comic Con;

BY BRANDON ORTIZ

Pages 14-16 for more photos of Holiday Cheer!

*** TO: RIVERBAY CORPORATION BOARD OF DIRECTORS FROM: ROD SAUNDERS, PRESIDENT PLEASE BE ADVISED that an Open Board Meeting of the Board of Directors of the Riverbay Corporation will take place on Wednesday, December 18, at 7 p.m. in Dreiser Auditorium ************************************ DATE: Wednesday, December 18th, 2024 TIME: 7:00 p.m PLACE: Dreise.r Community Center PROPOSED AGENDA 1. Gallery Session (7:00 p.m.-7:30 p.m.) 2. Roll Call 3. Approval of the Agenda 4. Approval of the Board Business Meeting Minutes of November 20th, 2024 5. President’s Report 6. Management Report 7. LEASE RESOLUTIONS: #24-72- Lease renewal Dr. Jacqueline Samuels #24-73 - New Lease Congressman George Latimer 8. INSURANCE RESOLUTION: #24-69 Workers Compensation Policy 9. COLLECTIVE BARGAINING AGREEMENTS: #24-70 District Council No. 9 #24-71 Local 153

10. SECOND READINGS: #24-62 Purchase of Ceramic & Other Bathroom Products Change Order I-Contract 3727 A #24-68 Distribution of Co-op City Times 11. FIRST READINGS: #24-75 Change Order #1 - Environmental Consultant Services with Genesys 12. ADJOURNMENT

Mayor, NYCDOE Announce Expansion of FutureReadyNYC Program BY BRANDON ORTIZ

Santa and his elves visited Co-op City at the “Holidays Around the World” event on December 6 in the Dreiser Auditorium, sponsored by Riverbay Corporation. Photo by PM Campbell (See page 3 for more pictures)

New York City public schools are investing even more in their students’ professional development after announcing an expansion to the FutureReadyNYC program on December 2. Mayor Eric Adams and NYC Public Schools (NYCPS) Chancellor Melissa Aviles-Ramos delivered the news together. FutureReadyNYC is a program designed to provide NYC public high school students with a head start on their professional development. Specifically, FutureReadyNYC provides high school students with an (Continued on page 4)


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Co-op City Times 12/14/2024 by Co-op City Times - Issuu