This female board member who lives in the building also has no idea why our maintenance monies is now being processes by a bank in long island ny. This is the same board member who stated they refused to have their contact information made available to the shareholders. I asked for this two annual meetings ago.
worse is the sheep in the annual meeting, my fellow shareholders did not open their mouths to back me up.
The BOD members present at the meeting should have spoken up and offered this info to evereybody, but they act like puppets. It is Sad,
i rarely ask a question when dealing with the BOD or managing company that i do not know the answer to already .
This way i know if they are honest,up to date on regs and laws, or bs artists. Our co-op falls into the BS category. I also check on any answer they give meandat i am not 100% sure of. I take none at their word, they have not shown that type of integrity concerning BOD operations. In thier personal lives i believe some have outstanding integrity,let me be clear on that. I speak no ill out side of the BOD operations.
It is the the requirement under BCL, that the BOD contact information be made available, that is the law that governs NYS co-ops.
Who in their right mind would buy in a place with this kind of board. The few remaining shareholders that live in the building better step on and start reading, i have made it easy for them, i post links to articles that are related to the building
myself and one other person have fortitude and guts in this building. A bunch talk but Talk is cheap , put it in writing or it is talk, not action.
Saturday, September 25, 2010
Wednesday, September 1, 2010
security problems 1 hawley terrace
i
I came in on the 27th and found the hawley terrace door left top lock lever in the open position. When i was using my key i realized the left door felt loose. i checked and someone had opened the top lock, this way they could jimmy the solenoid lock. You can see by the scrapes on the door, by the lock and the missing screws in the lock, that this is all preplanned for easy illegal entry. i checked the patio door and they were ok, the lever locks were in the locked position.
Tonight aug 31, came in after a walk around 9pm and the patio top lever was opened. this woulds make it easy to jimmy the lock.
security along with maintenance is extremely lacking, I hope that when the shareholders get their maintenance increase they realize that the board gave the manging company a raise this year. If you look back on the pictures i have posted here, The pot holes in the garage and in the areas where people walk were not fixed for about a year, some were reported to barhite and holzinger, the managing company twice. This is a easily grounds for a lawsuit , if there is a trip and fall. the good news is , if the problem was pointed out to the board and managing agent, their protection under the boards indemnity insurance, may become null and void, and they will be responsible , the old lack of due diligence again. it is a shame that the few shareholders left , about 60%, not the 80% it is supposed to be let themselves be walked over and have they investment ruined by these people.
these are sheep going to slaughter, unless they fax letters and demand board of directors contact info, they are doing nothing .
Nothing was mentioned in the annual minutes about the illegal change to the method of voting for board members.
There is a free magazine called the cooperator, and it has an on- line section. There is also a web presence called the Habitat, it is all about nys co-op laws. The new york times has a co-op q & a section. i believe my letters and questions concerning this building have been in all , with all opinions favoring my position . Read and Learn
I came in on the 27th and found the hawley terrace door left top lock lever in the open position. When i was using my key i realized the left door felt loose. i checked and someone had opened the top lock, this way they could jimmy the solenoid lock. You can see by the scrapes on the door, by the lock and the missing screws in the lock, that this is all preplanned for easy illegal entry. i checked the patio door and they were ok, the lever locks were in the locked position.Tonight aug 31, came in after a walk around 9pm and the patio top lever was opened. this woulds make it easy to jimmy the lock.
security along with maintenance is extremely lacking, I hope that when the shareholders get their maintenance increase they realize that the board gave the manging company a raise this year. If you look back on the pictures i have posted here, The pot holes in the garage and in the areas where people walk were not fixed for about a year, some were reported to barhite and holzinger, the managing company twice. This is a easily grounds for a lawsuit , if there is a trip and fall. the good news is , if the problem was pointed out to the board and managing agent, their protection under the boards indemnity insurance, may become null and void, and they will be responsible , the old lack of due diligence again. it is a shame that the few shareholders left , about 60%, not the 80% it is supposed to be let themselves be walked over and have they investment ruined by these people.
these are sheep going to slaughter, unless they fax letters and demand board of directors contact info, they are doing nothing .
Nothing was mentioned in the annual minutes about the illegal change to the method of voting for board members.
There is a free magazine called the cooperator, and it has an on- line section. There is also a web presence called the Habitat, it is all about nys co-op laws. The new york times has a co-op q & a section. i believe my letters and questions concerning this building have been in all , with all opinions favoring my position . Read and Learn
Saturday, June 12, 2010
A New Lease on Life?
Does "˜And' Mean "˜With'?
The occupancy clause of the lease states that the shareholder and members of the immediate family are the only legal tenants of a co-op apartment. (Same-sex couples and unmarried heterosexual couples are protected under the New York Roommate Law.) For the nuclear family raising two school-age children, this works out simply enough. But what happens years later, when the shareholder decides to relocate to Paris but hang onto the apartment, enticing one of the now-grown children to return to the nest?
In this scenario, the meaning of the word "˜and' is the difference between a very lucky child and an illegal subtenant. "The courts have read that conjunction as very important," says Murray. And, over the years, they have also read it differently.
"One said that "˜and' means "˜or' and another court said that "˜and' does not mean "˜or,'" says Weinstein. More recently, courts have been ruling consistently in favor of the latter. A shareholder's children can only reside in the apartment when the shareholder is in residence. Otherwise, they're right alongside the rest of the city's apartment seekers, holding a broker's check in hand, in line to tour a tenth-floor walkup. In order to terminate the "and/or" debate, drafters of the CNYC's updated lease sought to write an occupancy clause with unbending definitions.
http://www.cooperator.com/articles/794/1/A-New-Lease-on-Life/Page1.html
Thursday, May 13, 2010
Board Talk / Activities / Home - Habitat Magazine
i asked a question concerning the statement on our financial that states that our reserve funds may not be not be or may be in excess of FDIC insurances.
Read the responses at the habitat CO-OP magazine . A magazine everone should read, unless they don't care about losing all their monies.
Board Talk / Activities / Home - Habitat Magazine
Read the responses at the habitat CO-OP magazine . A magazine everone should read, unless they don't care about losing all their monies.
Board Talk / Activities / Home - Habitat Magazine
FDIC regulators close seven banks; failures may cost insurance fund $7.33 billion
i always thought is was totally insane in the last two years to keep any of our reserve funds in non fdic insured funds. i wouldn't keep my personal monies in a non fdic fund, yet i see every year on our co-ops financial that our reserve fund may not be fdic insured.
FDIC regulators close seven banks; failures may cost insurance fund $7.33 billion
FDIC regulators close seven banks; failures may cost insurance fund $7.33 billion
Tuesday, May 11, 2010
Sunday, May 9, 2010
and the board gave barhite and holzinger a raise to manage the building
These holes are getting bigger and bigger, the one outside by the garage door is 3 feet now and getting deeper. This pothole has been here for over a year and was there when they blacktopped the area to about 2 feet to the right of it. The board made a decision to not fix it and blacktop the rear of the driveway.
The hole in the garage was reported to barhite and holzinger management about 6 months ago.
The hole in the garage was reported to barhite and holzinger management about 6 months ago.
Thursday, May 6, 2010
Wednesday, May 5, 2010
Board Talk / Activities / Home - Habitat Magazine
Board Talk / Activities / Home - Habitat Magazine
The link above is a good site for questions and answers. It goes into depth on many aspects of coop living and the problems with managing agents and boards that pilfer the funds, which are becoming quite common in the news.
i am not saying that is happening in this building, however i do not think we have one person who is watching the books and accounting.
i noticed the managing agents operating budget monies had been tripled this year?
i think there are articles in habitat and in the cooperator where it is explained why this is a bad idea.
i remember asking a board member, which board members had check signing authority and who was the second.
They had no idea. This is a very bad sign
The link above is a good site for questions and answers. It goes into depth on many aspects of coop living and the problems with managing agents and boards that pilfer the funds, which are becoming quite common in the news.
i am not saying that is happening in this building, however i do not think we have one person who is watching the books and accounting.
i noticed the managing agents operating budget monies had been tripled this year?
i think there are articles in habitat and in the cooperator where it is explained why this is a bad idea.
i remember asking a board member, which board members had check signing authority and who was the second.
They had no idea. This is a very bad sign
Tuesday, May 4, 2010
Monday, May 3, 2010
Treasurer of Mt. Vernon co-op complex charged with stealing $180G | LoHud.com | The Journal News
Treasurer of Mt. Vernon co-op complex charged with stealing $180G | LoHud.com | The Journal News
THESE Types of frauds and thefts have been getting exposed with the dump of the economy. Rockland county co-op also had a treasurer theft.
These thefts can happen when a solo board member or a team of senior controlling BOD (board of directors) takes control of everything and doesn't pass on all information received to the other board members in a timely manner, meaning within the week received. not at the next board meeting, which in our co-op could be months away. The Board members that allow this to go on are not performing their board duties.
i have documented and written the BOD not doing their fiduciary responsibility a couple times.
The 27,000k budget zero drop may be one instance , The president of the BOD refuses to state when this problem was discovered. I asked this question again. at last years, 2009 annual meeting. The answer i received was a sarcastic That evening. The fiscal year ends in feb i believe, need to check on that, but is is not december and it is early in the year. The board meeting was in June, I asked one board member when they were told about the budget error, they said within about a week of the annual meeting. The error had to have been discovered by the end of the fiscal year , most like much sooner. Why this was not relayed to the other board members is a matter of concern. The board members themselves should have made known that they are to be informed of all board business within a week, if not the dame day.
I have written the BOD concerning their lack of fiduciary responsibility and the Inside dealing concerning the assignment of parking spaces, i get back a answer that they are doing everything correct.
At least i have laid the ground work for liability , and i doubt the BOD are indemnified in these actions.
THESE Types of frauds and thefts have been getting exposed with the dump of the economy. Rockland county co-op also had a treasurer theft.
These thefts can happen when a solo board member or a team of senior controlling BOD (board of directors) takes control of everything and doesn't pass on all information received to the other board members in a timely manner, meaning within the week received. not at the next board meeting, which in our co-op could be months away. The Board members that allow this to go on are not performing their board duties.
i have documented and written the BOD not doing their fiduciary responsibility a couple times.
The 27,000k budget zero drop may be one instance , The president of the BOD refuses to state when this problem was discovered. I asked this question again. at last years, 2009 annual meeting. The answer i received was a sarcastic That evening. The fiscal year ends in feb i believe, need to check on that, but is is not december and it is early in the year. The board meeting was in June, I asked one board member when they were told about the budget error, they said within about a week of the annual meeting. The error had to have been discovered by the end of the fiscal year , most like much sooner. Why this was not relayed to the other board members is a matter of concern. The board members themselves should have made known that they are to be informed of all board business within a week, if not the dame day.
I have written the BOD concerning their lack of fiduciary responsibility and the Inside dealing concerning the assignment of parking spaces, i get back a answer that they are doing everything correct.
At least i have laid the ground work for liability , and i doubt the BOD are indemnified in these actions.
Friday, April 23, 2010
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