this will soon save your coop money. but what is the %?
I ran across a posting by an "Elise Brodsky" and was wondering how I might get in contact with her. Thanks. Rick.
hi everyone,
a. a current board member wants to "swap"apartments. We have an apt for sale and she wants to trade her apt for that one.
b. this board member contacted the coop attorney,for legal advise on this deal, instead of getting her own attorney.
c. the coop attorney gave her legal advise on how to carry out such a deal and what would be required of her and from him as the coop attorney.
d. the shareholder has submitted her offer for the apt she wants to swap into, along with emails from the coop attorney regarding the deal and how it would be carried out.
this entire thing feels bad....can the coop attorney give legal advise to a board member on a deal they want to bring before the board?
any other thoughts or where i can get guidance on this issue would be appreciated.
thanks!
Our small building shares a party wall to the west with a small building with a commercial laundromat on the ground floor. Lately, the lower floors and basement of our building, and certain areas of one shareholder's apt. smell like the funny smell that the laundromat has inside-like sewer back up, in fact. Anyone have any idea if it is possible that the laundromats drainage and sewers may be mingling water with ours and smells are migrating? We don't know where to begin on this one and hiring an engineer is an expense we haven't budgetd for. Thanks, BN
There will be a meeting of RSU on Wednesday, December 10th at 6:30 p.m. This meeting will focus on filing complaints with the Attorney General's office; two attorneys will lead the meeting.
If your co-op is still controlled by the sponsor, this meeting is for you.
For more details, see the RSU blog www.rsunyc.wordpress.com:
We are a condominium, not a co-op. At the last annual meeting there were 5 seats up for election. It has now come to the homeowners attention that 2 of the newly elected board members are husband and wife and live together in the same unit. The board always worked on the premise that only 1 person per unit/deed can sit on the board. Does anyone know the legality of this. Any advice would be appreciated.
We have a non-union co-op right now. Are 'resident managers' NOT eligible for seiu given their title? It is confusing as this person is also referred to as the building super and does the same work as a super. I went to the seiu website as well as the local chapter and did not find a listing of which employees are eligible. If a building becomes unionized could the 'resident manager' stay (at the non-union salary we are paying), and would we have to hire unionized porters? I also need a website or source for information in understanding union issues. thx
I would like to poll those on their boards to ask what your increases in maintenance will be this year, if any, and why.
On our board we are about to vote on a 10% increase due, primarily to our properties real estate taxes in 2009.
All suggestions and experiences appreciated:
At this time we have no qualifications in our Bylaws for Board members – except that they must be owners.
Last year a Shareholder ran for the Board who is involved in a very heated law-suit with the building. Most SH found it disturbing that he was allowed to run. He was not elected -- but he did come to the meeting with a lot of proxies. And we were concerned.
We want to insert an new amendment into our Bylaws – as to qualifications of Board members – prohibiting SH involved in any legal dispute with the Coop or in errors – to run for the Board.
Also, if a Board member becomes involved in a legal dispute with the building while on the board – that he/she resign.
In the past we had a BM involved in a legal dispute on the board, and this owner benefited from being on the Board—discussing the case with the Coop lawyer, Mang Company and friendly board members.
Thank you…HG
theoretically, cash tips over $20 in any given month are supposed to be reported to the IRS. the employer is responsible and can be fined if caught not reporting and so can the staff member. what is a coop to do to be REALLY proper. Should they ask residents to tell them the amount they tip and then the coop can report it to the IRS? This seems to protect the coop.
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The co-op's attorney works FOR THE BOARD, not individual Board Members.
So.... any costs associated with this advice go directly to the individual.
And the attorney should be (at minimum) censured for agreeing to participate in the discussion.
If it were our Board, I think we'd do more than that.
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