Developer proposes 43 townhouse condos on Warburton Avenue in Yonkers | lohud.com | The Journal News

Developer proposes 43 townhouse condos on Warburton Avenue in Yonkers | lohud.com | The Journal News

co-op monies in account that may and does go over the FDIC insurance

Long lines of customers wait outside IndyMac bank in Pasadena on Monday. The bank failed last week, prompting the FDIC to take control of it. Many customers fear they will lose their money. (Walt Mancini / Staff Photographer)

i finally am catching up on this co-op building stuff and finally had a chance to look at the audited financial report dated march 5 2008 i noticed that the co-op monies are in a account where they may and do go over the fdic insured limit. This report/audit was from months ago, i believe before the banks started failing.

this is definitely not financial wise.

we need to look into this quickly and split/move the money if it is over the fdic insured limit ans insure it doesn't happen if our balance is under the limit now.
there was no info given on the name of the bank that the funds are held at.

1171,1175,1187 and 1189 warburton = next development

there have been fliers posted around the neighborhood, the meeting Wednesday night concerns the four properties at the north west side of warburton closer to the catering hall/ palisades boat club entrance.
1171,1175,1187,1189 warburton.
the million dollar question is what height are they planning to build and what varience will they asking for.
there was a lot of talk of trying to get this neighborhood rezoned to a low rise level.
maybe that is why they are pushing this through in the weak market.
some of the houses are quite nice, the views must be fantastic