Gaining Access to Proxy Votes - Real Estate Q&A Blog - NYTimes.com
good comment after to fold
Friday, April 23, 2010
new york times answer concerning board member absolute right to know and good comment
new york times real estate section, questions and answer concerning co-ops.
this section is great for gaining knowledge on co-op laws and is easily searched using keywords.
Real Estate
Real Estate Q&A: Gaining Access to Proxy Votes
permalink:
http://realestateqa.blogs.nytimes.com/2010/03/26/gaining-access-to-proxy-votes/
By By JAY ROMANO
Published: March 26, 2010
I am on the board of my Queens co-op. The president of the board always seems to know how everyone voted by proxies at the annual meeting. I’ve asked to see the proxies, and have been told that no one is allowed to see them. What is the law on this?
folllow the link for the whole question and answer,
here is the comment posted
escapefromyonkers
westchester,ny
March 31st, 2010
11:48 am
which is a reason to strip the board power to assign the parking spaces in indoor parking premium areas. They have the inside knowledge of who a shareholder voted for, and if you didnt vote their lines you will be skipped forever on the waiting list,
in my co-op at least three board members have been self dealing parking spaces to their non-shareholder children/grandchildren, skipping disabled shareholders and other shareholders on the waiting list for 10 years.
i even wrote the board and called them on it, i have my space,but will not let a board self deal. As usual they disregard the written garage rules, and no longer provide them to residents. They make believe they no longer exists.
There should be fines and economic sanctions that they are personally responsible for if caught self dealing.
Thursday, April 22, 2010
Wednesday, April 21, 2010
approx 50% owner occupied
i came up with a rough estimate of 30 owner occupied apartments to the 59 we have in the coop. i used the proprietary lease for the parameters of owner occupier.
the board president is not an owner occupier, nor are some other board members.
in reality we have 50% owner occupied. That is why the building had gone to shit.
we have at least one resident that should have never moved in, should habe been evicted the first month, since he was not the shareholder.
he has caused many problems for his eifghbor, yet the board and manging company refuse to do anything. could be more inside dealing.
But 50% is real bad
going to be hard to sell , since the word is out.
Dont shoot the messenger ,thank your board
the board president is not an owner occupier, nor are some other board members.
in reality we have 50% owner occupied. That is why the building had gone to shit.
we have at least one resident that should have never moved in, should habe been evicted the first month, since he was not the shareholder.
he has caused many problems for his eifghbor, yet the board and manging company refuse to do anything. could be more inside dealing.
But 50% is real bad
going to be hard to sell , since the word is out.
Dont shoot the messenger ,thank your board
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