These post are my personal thoughts and comments only. They refer to my extreme displeasure that I am now looking for a new place to live after 28 years here, since I will not live in a building with a board president and managing company that refuse to follow the Business Corporation Law and our co-op proprietary lease and By-Laws. The rest of the board, have not functioned. The owner-occupied ratio dropped from 80% to about 50%.
Wednesday, November 26, 2008
stairs and sidewalk completion
The story is that we are awaiting the railings, the reality has to be something else.
it takes less than one day to weld and place railings .
the non shareholders here probably have more bargaining power since the tenants may be able to get a rent decrease for the amount of time the terrace stairs have been under construction, the 2 week time frame was sufficient to complete the project.
Monday, November 17, 2008
going on 4 months for stairs ?
this is [past crazy and the continued lack of communication from the top of the co-0p board, plus the vice pres and pres using their position for personal gain, and their refusal to remove themselves from discussions where they had finical interest in the outcome is just heaps more of shady dealings that will be moving forward to higher leveled.
note to co -op board members you should investigate and talk to the people that are using some board members of discriminatory and homophobic/racist actions, and not just let the president lead you down a personal liable path. do not let their personal liability become your personal liability. you are NOT indemnified for these actions, especially if you haven't performed due diligence.
Thursday, November 13, 2008
A New Board Member Asks to See Old Minutes - Real Estate Q&A Blog - NYTimes.com
A New Board Member Asks to See Old Minutes - Real Estate Q&A Blog - NYTimes.com
Monday, November 10, 2008
words of the day for president and vice president of our board
Wednesday, November 5, 2008
i dropped a couple of these in the lobby
i have nothing against RCCY even though it may sound like i do, i used to drop off their pamphlets and post them in the lobby too. The more i got involved in the city and the more meetings i went to i realized what the deal was.
RCCY really does not serve our local community. They only appear when their views and values are affected at
I agree this area should be rezoned as low rise buildings, but this neighborhood, where we live, also needs to be changed, so if you are going to make any phone calls or write any letter to city council on this topic make sure you speak up for OUR neighborhood. RCCY is only addressing their loss of views. If that area is rezoned, we are still vulnerable.
Our neighborhood needs
yellow leaflet in lobby RCCY
i have seen no evidence that that they are involved in the community in any way more than that function. i would like to get a community group organized here , i don't know how feasible that is, i think the parents that go to the children's playground have a much better feel on that possibility.
i never thought of this before, where do the people live that drop off their kids to get on the school buses?
Saturday, November 1, 2008
independent shareholders meeting to discuss the co-op
This meeting is not being organized by the board of directors of the building .
This meeting is being put together by a couple shareholders that see things are not being run well due to a too controlling board hierarchy .
There is very little if any communication in this building.
some of the board members would like to continue that and keep the shareholders in the dark.
the shareholders need to take some ownership of this building and realize if they don't speak up they will get nothing. More likely they will be screwed by their neighbor and board members.
as far as i i am concerned the recent elections of board members was a farce, the board president did not release damaging information to his reelection bid until after the elections were carried out at the annual meeting.
the information on the budget accounting error should have been made known to the other board members and shareholders when it was discovered.
the concealment of this error was a violation of the fiduciary duties if the board president.
Wednesday, October 29, 2008
have we refinaced?
if we have would the board members know?
Monday, October 27, 2008
four parking spaces for one family
all you suckers are on the waiting list for going upstairs and they have a unauthorized upstairs space.
i guess that is one of the pay offs expected when your president of the board, have parking spaces assigned for yourself your wife and your two kids.
that is a violation of about a half dozen parking garage rules.
suckers
Thursday, October 23, 2008
annual meeting minutes and accounting error
looking at the minutes, i wouldn't call the accounting error a clerical error, this error caused over 8% of the proposed operating budget about $27,000 to be missing.
i also have to wonder how bad our bookkeeping is that when a $27,000 mistake like this is made, it was quietly absorbed.
think about it .
i also believe the minutes are out of order, the voting for co-op officers was done first, before the proverbial "cat was let out of the bag" before the president let the shareholders know about the $27,000 budget mistake. the meeting was held June of 2008. When was the $27,000 mistake discovered? When did the co-op board president notify the board members? The shareholders were notified at the '08 annual meeting, the board members i spoke to were notified about 5 days before the annual meeting. The ex treasure never knew because he wasn't at the annual meeting. one of the reasons that i pushed for the release of the annual meeting minutes was that i realized that the shareholders that didn't attend the meeting still didn't know about this accounting mistake.
the co-op president refusal to share the info in a timely manner with his board of directors and the shareholders may fall into a legal area.
the election itself should not stand and should not be valid,
if the share holders knew about the mistakes that were being made and being kept secret from the other board members, and the shareholders knew about the extra illegal upper level parking space the board president had fixed, i think the tipping point would have been reached way back then.
Action would have been taken back then to get a team together to run an election against these people that are on the board to get illegal extra parking spaces for their family members.
we would have put together a team to get rid of the board members that have no opinions and probably agree to everything June proposes since June illegally bypassed the next shareholder resident on the garage list for this non resident board member that hadn't closed on their apartment yet. yet another self serving board member who should get out while they can.
i was ticked off when the first assessment for the roof waterproofing was announced, that in my opinion was nothing but pure negligence on behalf of the managing agent, however if your board doesn't open their mouth and raise a peep there is nothing you can do.
this accounting error is the tipping point though, the error just keeps on growing, we have the silence on the error, the lack of minutes , the non release of error until after the election...
scammer electrical service people in the building
if we sign up with them our bill will only go up 14 percent.
i have no idea on what is going on, but generally i don't trust anybody that doesn't leave me any paperwork to look over.
i have heard a lot of negative stories about these interconnect companies, they usually promise one thing and lots of hidden charges and you end up paying more and have a hellacious time getting switched back.
Friday, October 17, 2008
please pass on this blog information to your neighbors
comment are welcome, click on the comment icon or where it says "comments".
personal attacks are not tolerated, factual information is welcome.
One of the reasons i have tried to stay away from the board for the last fifteen years is i tend to get involved in things and do not do a half-arsed job.
i would rather leave the co-op building management to the new younger and more energetic shareholders, however for some reason very few have expressed interest, and more disturbing, the ones that have expressed interest have somehow been kept off the board.
Luckily that has changed with a unexpected opening and the volunteering of one of out shareholders.
His volunteering to serve with a dysfunctional board that has intolerable personalities on it that have already caused the resignation of very good board members. These same personalities has caused good people to not volunteer for the board.
The board is a non paying function and pia function, but we need good people that are going to be fair and look out for the shareholders and not just take care of themselves.
i have experience as a prior board member and also know the proper procedure and what board members and shareholders are entitled to.
My understanding is that some board members have been improperly refused information and improperly being kept in the dark concerning the board and building activity's.
As a prior board member i know that a board member is entitled to review every record, minutes, receipt, purchase agreement and t every financial from co-op incorporation to present.
They can also include themselves on co-op buyer interviews and make sure that the persons being interviewed are the only ones that are going to reside in the apartment.
on Sept 3, 2008 i faxed a letter to the board of directors via the managing agent at barhite and holzinger. This letter was concerning improper assignment by board members extra parking spaces for their family members over waiting shareholders. It also was directed at number of problems with a particular board member. Their conduct was so intolerable and unprofessional that i knew i had to act before our building became the subject of a lawsuit and even more probable and possible, another good board member would resign.
i have since found out that as October the board members were not informed of or giving a copy of this letter by the board president.
i have been finding out more and more how little information is shared with board members by the co-op president, for him to not inform other board members is well beyond good judgment.
the cover story for the board president is that he was planning on discussing it at the next meeting. this is a pure stalling tactic.
Board members should have the opportunity to interview and research before the meeting, otherwise they are getting a one sided view.
i faxed over another letter the boards abuse of the parking rules and failure to correct. The presidents and garage manager assignment of 3 spots for their family, two upstairs. the garage rules are posted in this blog a couple pages back.
myself and other prior board members and garage managers have confronted them about this, but they continue to take extra for their family at the expense of the rightful shareholders.
i also followed up on the removal of the board member for cause. This persons intolerable behavior is so far off the charts that no way no how should they be in any managerial or board function concerning the running of One Hawley terrace.
i requested this be done quietly and move on, but over 45 days have gone by and no action has been taking. i did speak to the board president on sept 4, 2008 and he strongly disagreed with my assessment of the problem.
Now i strongly question the judgment and motives of the board president and the ability to make proper decisions. Seems trying to stack the voting and keep power within the family is much more important than having a properly functioning board.
Sunday, October 12, 2008
great gelato and espresso within walking distance
they have fresh gelato on weekends and during the week they have lunches great deserts and the best coffee around. very friendly atmosphere, i find the gelato and espresso prices very reasonable , about half of what i pay in Manhattan. the only caveat, they seem to have a plumbing problem and the bathroom is out of order.
Hastings ny 10706 antoinette's - Google Maps
Thursday, October 9, 2008
how are we paying for the stairs?
i cant remember what was the final resolution on the paying for the stairs.
i remember it was discussed at the annual shareholders meeting.
However since this is the first time in twenty five years we have not been mailed a copy of the annual minutes, i do not remember what the cost and how we were paying for the stairs.
There was a lot of talk of refinancing due to the then low interest rates.
We had a substantial prepayment penalty; if the loan cost dropped below a certain interest rate, it would seem to have been a good move.
however we have nor been updated and the board members i have spoken too have no idea on what the status is on the refinancing , the board member are also being kept in the dark
stairs, stairs what is going on with the stairs?
anyone know? seems like it is great concrete curing weather
Wednesday, October 8, 2008
Monday, October 6, 2008
board member responsibilities and conduct
board member ethics and pitfalls
Another no-no is when board members play favorites as far as parking space waiting lists are concerned. "Putting their friend higher on the list is abusing their powers and is not doing what's best for the board," Altman says.
it also goes into describing how at least two board member signatures are responsible for all major purchases and important financial matters.
transparency and good information flow was also brought up many times in all the article concerning the boards conduct with shareholders.
Saturday, October 4, 2008
what color will the new stairs be?
Thursday, October 2, 2008
used kitty litter in elevator
He should pay for the expense of cleaning out the elevator trap and machinery, before the elevator breaks down and the shareholders get stuck for the bill and the residents get a loss of service.
