We are a small building and have recently had a rash of vandalism within building that coincides with the arrival of a new troublesome shareholder.Of course, we need proof should any further damages occur.We've had a couple of security companies on site to recommend hidden cameras and recording DVDs for the vulnerable common areas. It seems very expensive-we're told $1200 for a 4-camera recorder and then the cameras, installation etc. We don't have the money for this but the damages we'll sustain from this SH can be considerable. Anyone have any grassroots ideas for security camera/s that maybe we can do ourselves? Thanks!
Has anyone else been checking out Board Prez? He (or she) is a pretty good. Hasn't been real regular yet -- the last post was a few days ago -- but it's been good stuff so far.
What would have been your strategy? What do you say to the board of directors. What should the shareholders say/do?
A coop in our neighborhood recently sent a letter to all shareholders and related: the following.
All of our reserve funds in our account are currently invested in fully insured CDs and US government guaranteed bonds, all of which are backed by the full faith and credit of the United States. They are invested in a laddered strategy with staggered maturities which matches our projected future cash requirements which will allow them to be held to maturity thus maximizing income without subjecting us to interest rate fluctuation or liquidity risks.
In May and June of 2008, when Federal National Mortgage Association (FNMA) and FHLMC preferred stock were rated by all rating agencies as AAA institutional quality investments, we invested $396,458.16 in these securities; employing a well accepted diversification strategy to increase yield, while trying to minimize risk. Unfortunately, in August, 2008 these investments in Fannie May and Freddie Mac, (as these organizations are better known), were unexpectedly and unpredictably impacted by the general financial situation and, as of October 31, 2008 these securities have combined current market values of $27,920.00.
One of the owners in our condo building is being considered as a candidate to replace our management company. His only experience is managing his very small building in .hepast
What would your concerns be?
Has anyone had experience switching from Con Ed to an ESCO? Lower energy costs, locked in rates, no sales tax all sound attractive. Which company would you recommend?
One shareholder in our small building is infested with mice for almost two months now. He's neat and clean and not his fault. He's got them running across his livingroom and kitchen day and night. We have the building exterminator treat unit, still at least one a day ends up in a trap. We doen't know why this is happening now. Only two things have changed: shareholder below him got two dogs and a cat (could pet food be left out? Why would that send mice one flight up?) Other thing is we replace baseboard heating in unit with identical ones. Exterminator stuffed holes in wall around pipes with steel wool and seems mouse-proof. What is the next step for the Corp? Aren't we responsible for doing whatever it takes to alleviate the situation? Are we in violation if the prop lease states landlord will keep the building free of vermin?
Hi Everyone,
We are very unhappy with our bank - capital one- and we are searching for another bank for our business account. If you are located in brooklyn and you are happy with your bank please pass along the name so i can look into it.
Thanks in advance for your help!
Rene
Our co-op is interviewing candidates to replace our tax certiorari attorney. Any suggestions on what key questions we should be asking aside from getting a list of their clients
If a special shareholder's meeting is being called for the purpose of voting to terminate a shareholder's tenancy, as happened in the Pullman case, does the shareholder that the Corp wants to oust get to vote? In other words, is the 75% majority needed to succeed in terminating their lease comprised of 100% of shares excluding the shareholder in question? In the 2006 Lapidus case, an article in NY Times states 98% of shareholders voted in favor of terminating Lapidus' lease--this percentage in favor seems impossible if shareholder Lapidus was allowed to vote. Hence my question of who is allowed to vote at the special meeting.
looking for a good boiler installation contractor to replace an oil fired (#2) boiler in a 24 unit co-op in Chelsea. Also does anyone know how long it takes to get the various permits from the city for removal and installation
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May I suggest a PC with a large hard drive (used PC is OK, but a very large hard drive and a DVD burner is a must) and a wireless connection to four five or six wireless PZT webcams. Yes, you will need a small battery/UPS to avoid outages during electrical hits, etc.
And you will need software to capture and retain the images, e.g. one frame every five seconds or only as the image changes. There is free or inexpensive software available:
http://www.freedownloadscenter.com/Search/newsearch.php3?S_S=webcam+capture&image.x=15&image.y=14
http://www.canadiancontent.net/tech/downloads/Video-Capture-Programs.html
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