Hi,
I am a new board member and have been informed by our managing agent that I am not permitted to see copies of building-related contracts without the full board's permission. I find nothing in the by-laws or the proprietary lease to support withholding building-related contracts from a board member. The managing agent bases his claim on BCL 624(b), which as I read it is directed solely at shareholders - not board members. Any insight would be greatly appreciated. Thanks.
Hi All,
Currently we are thinking about replacing our 1950's garbage chute doors which are 11x11 with new stainless steel doors 18x18. Has anyone upgraded recently? Has anyone reviewed it and decided not too? I ask because there are some board memebers that fear all sorts of items will be disposed of which cant be forced down the chute now - think broom sticks, tires, electronics etc. Any thoughts?
Looking to get budget estimates for a commercial building in Rego Park.
If you have recently successfully completed a window replacement project, please share the name of the contractor and your experience.
TYIA
Hi All,
Do anyone board memebers receive a copy of the co-ops tax returns, along with the annual financial statements? We want to request a copy, but not sure how common this is?
Thanks
Does anyone use them as a managing agent? We discovered they stole over $200K from our building in 2008 and ousted them. I just learned that the Department of State revoked Marc Finkelstein's brokers license in January 2011. Just as an FYI to anyone out there who may still use them and not be aware.
Also according to the Department of State's Administrative Hearing Decision, Finkelstein Realty also has ties to Greiner Maltz of NY Inc. so, if you are managed by that company, I would be very cautious and have a forensic audit of your books done IMMEDIATELY!
Our building (24 unit co-op in Chelsea) needs a $200K Capital Improvement Loan. Can't find a lender (NCB, Meridian mortgage brokers) who will do one that small. Any suggestions other than assessments
How does your coop plan to confront the bed bug epidemic when it inevitably presents itself in your buildings?
Our Former President stepped down two years ago after nearly 2 decades and I was elected President. During her tenure there were a number of shareholder complaints because our former Managing Agent was stealing from the building (he was ultimately fired); there were massive building wide pipe leaks along with roofing leaks that were never addressed.
When I became President, I basically began addressing many of the issues that she neglected all of these years. Shareholders began to see positive changes and commended me and the current board for our efforts.
Since then I've noticed that the Former President has become a major pain in the Board's behind. We get 5 e-mails a week from her with a laundry list of complaints. The complaints are most often about issues in her apartment that she is responsible for fixing.
She has been harassing the Super because she used to manipulate him and have him constantly fixing items in her apartment; when she should have hired a contractor. The Board told the Super that he is not to do any work in her apartment and she was directed to hire a contractor.
She now walks around like the 'co-op' police complaining of minor things that she is aware from shareholder meetings are in the process of being addressed; but feels entitled because she is a past President and she is also obviously upset that she no longer has the 'carte blanche' privileges she had of using the Super as her personal handyman. Even the Management office is tired of her and her antics. Any suggestions on how to deal with this nightmare?
I have frequent guests--friends, family, staying with me in my co-op. An out of control new owner keeps sending me harassing e-mails claiming my guests do things while staying with me that I know are not true. Recently he confronted my guests who were leaving asking them their name, how they know me, where their family leaves, and saying that them staying with me is illegal. Is this an invasion of privacy or illegal? How would you handle this? Thanks.
If the option presents to separate your DHW load from your heating load it is an investment worthy of consideration. Frequently, the required MBH to meet the DHW demand of a building is only 25% or less than the boilers MBH rating. Thus, if you are firing at 100% a 5000MBH boiler just for DHW you are literally pouring money down the drain. On average, a 1000-1500MBH DHW system can meet the demand. This enables you to turn off the monster boiler 5 or 6 months per year and generate DHW using about 75% less energy....and the DHW boiler will likely not have to operate at 100% capacity. It's a worthwhile investment to consider.
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I would think that as a board member you should be permitted, in fact responsible to, see these contracts. Something is fishy here!
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