This is an open post to Larry Simms, Assemblymember Rosenthal, Senator Liz Krueger regarding improper process service by a legal firm. Mr. Simms and Ms. Rosenthal, I have had contact with you regarding my situation and Mr. Simms, I attended a meeting on Park and 23rd in 2006, of which you reminded me in a recent email (at an old address) announcing your forum last week. Ms. Rosenthal, I requested your help regarding a building situation in February 2009. I would like to be able to call Mr. Simms and speak about the situation, which is dire and complicated. Please post your current contact number and let me know it's okay to call.
In our condop building, there are 4 apts with terraces with pavers. The condop has place the responsibility and cost on the owner should there be any leaks that develop to the apts underneath them. Is that so? Now, the building is charging additional for the super to clean underneath the pavers. While these are private terraces, the board has the right via the condop lease to access the terraces in order to maintain the building. So, with that in mind, why is there a charge now? The owner with the terraces are paying monthly maintenance already, which is based on the shares. The terraces are already part of the shares allocation.
In our Condo building on the 2nd fl. our apts cannot reach a temperature over 65 degrees with HVAC blasting all day. Below the 2nd fl there is empty very cold retail spaces and the external ceiling piping leading into the apts have 2in. space all around if one unscrews their drains they can see into the retail space, The apts over the service entrance and entrance vestibules are very cold too. The apt flooring is placed onto concrete and the walls facing outside have flimsy insulation. The floors are always icy cold. Can someone give advice.
I want to be completely up-front and honest. I have been posting and responding to several threads and I want it to be clear that I am a contractor. I am the Director of Green Building Technologies with the Platinum Energy Group (the umbrella company of SNS Energy and Bain Mechanical). We are both NYSERDA MPP and Con Edison MFEEP Partners. We are the only MPP & MFEEP Partner approved to provide the entire scope of these programs. We are the leading gas conversion team for National Grid and are recognized as approved contractors for nearly every utility and state rebate and incentive program. I will NEVER compromise my firms integrity and will NEVER slander or bad mouth another company. I don't have to and this is not the forum for that. I hope to hear from anyone and will do my best to provide accurate and smart information. Feel free to email me, challenge me or question my postings.
Thank you,
Eric
I really want out as Pres. and possibly even off the board completely. However, I am concerned about what would then happen as no one seems to be interested in the position and it is needed for direction, oversight etc.
Has this happened to you or your property. What did you do? What happened?
Home Based Business
We have several shareholders who run businesses from their apartments – speech therapy/occupational therapy, and a small daycare.
Several shareholders on the floor of those running the business are raising concerns about safety, traffic, and objections of having a business being run from a co-op - which according to our prop lease should be for housing.
Have you experienced this matter? What are you suggestions? We have reviewed our prop lease, by laws and house rules, but we want to hear others suggestions or experiences.
Thanks
Hi everyone...I am a bit confused about how to levy a special assessment. Does that assessment have to be done on a percentage basis per shareholder or can it be a sum that all shareholders pay equally? I am in NYC; our prospectus does not make that very clear. Thanks.
the bank that was within our area was changed to a bank out on long island, we are in Westchester.
the auto debit form that was mailed out to people who wished to continue using it and to encourage new payments via this direct method seemed a bit shady to me. The spaces for the bank name and all identifying information of this bank in long island were left blank, with instructions that the management company will fill it out. There was no mention on this form where the bank was or the bank name or account.
However on the monthly maint bill there was an account # and po box in long island, but no bank name. The maint bills for the last 25 plus years had the bank name and account number.
i asked my electronic check writing service to see which bank cancelled the check, they said there was no bank name just an account number.
I told them this seemed weird, They said they couldn't tell me anymore info, all they had was an account number. i forget how i did it, but i found out the bank name, i must have used a web search. i found out that this bank has offices in Westchester, it is a commercial bank.
The board president lives on long island, in violation of the proprietary lease for shareowners.
so this seemed something that i had to look into, especially after the mortgage bs, where the coop president was an investor in the mortgage bank and the managing company owner was on the board of directors of the bank. They swore that it was perfectly legal, even did so in the annual minutes, because i raised the question. however i posted the circumstances to the cooperator magazine and they printed my poorly worded question, and stated, no/negative, that this was not proper and could even be worse.
the key issue was whether he recused himself from the dealings. since i had asked other board members what was going on with the new mortgage a couple weeks before, they stated they knew zero, even though they were the treasure.
So the whole loan was worked out by the president/investor, from the bank that the managing company owner sat on the board.
The president is super controlling and refuses to fill in the other BOD on what is going on until it is ready for a vote, no due diligence here, but the BOD is ?, i did ask a couple BOD members why the bank was transferred to long island, what the name of the bank was , and who had check signing powers.
They said they didnt know and even said they didnt see any reason why there was a need to know.
The president and managing company{investor relatioship} disregarding the by-laws, changed the voting method that had been in place for over 15 years. It was the voting where you could get a opposition member in by having supporters give all their voted to this one person, and not vote for any other members running or vacant spaces. I dont want to quote the incorrect name, since it gets confusing, and i know and have the bylaws. the one or two other owner occupiers from day 1/vote 1 , remember the old way, and too wonder how this happened. i asked this question at last years annual meeting and the managing agent said they would look into it. nada since, not in minutes, and the managing agent refuses to digital or tape record minutes of annual meeting, even though i brought up a bunch of discrepancy, obvious they like the untracked method.
The topper is that the BOD has allowed the building to become about 50/50 owner occupied, so i cant find anyone to take an interest.
The people that are interested and see the wrongs, are like me, too old, too many other issues, too sick, to get involved with becoming a board member, and the few new owners that actually live here, i guess are planning on moving as soon as they can. I am thinking of doing the same , since this is not how i want to be spending my time,especially without any support. However i still am going to look out for fraud and make a paper trail of violations .
I'm a shareholder residing in a coop within Westchester County. I was made aware, through a friend in law enforcement, that a NYS registered sex offender is residing in the cooperative for some time now. This came as a complete shock to not only myself but to other shareholders in the building. What made it more surprising is that the mother of the offender is on the Board of Directors.
My question is does the Board have a LEGAL obligation to inform the shareholders that a NYS registered sex offender is residing in the building? If so, is there any recourse, by means of a shareholder vote, to determine if the offender is allowed to reside in the cooperative? Shouldn't the shareholders have been notified before he took residence in the coop? Any assistance or guidance from anyone is appreciated. Thanks in advance!!
anyone know whar ratio the banks will accept for co-op owner occupied for a mortgage?
it used to be around 80%. Our board has let it drop from 80% to around 50%. i don't know if they are falsifying records to the banks on the couple sales we had, or it is 50%
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