Our annual meeting was in the fall and the board has failed to alert who is president or other roles. Any suggestions? Is this against the law? Please advise.
> Join the conversation Comments (1)I sit on the board of a Manhattan coop and I believe one shareholder is subletting illegally. But the other board members don't seem to be eager to do much about it. Do I have the right to install a camera in front of his apartment to prove that my assumptions are correct?
> Join the conversation Comments (1)Does the minutes have to include the names of the board members and how they voted. What BCL law covers this topic. Need help fast.
> Join the conversation Comments (1)
Time: 11am-1pm
Location: 195 Montague St, Brooklyn NY 3rd Floor
We are partnering with the NAACP and TWU Local 100 to help us draft legislation and bring the issues of HPD to the new administration.
Anybuilding looking for a super in Queens area, please contact Eugene at 718-744-4999.
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we are interested in self managing and are looking for a reputable back office
entity to manage the invoicing /billing/ collection/payables and accounting.please send me your recommendations ( name and phone )and your experiences
thank you -ike
Hi all...need some guidance. We are a 15-unit condo. We have reminded people to make sure their carbon monoxide alarms are working. We have indicated that it's a law for unit owners to have an alarm. But, we are unclear about the registration requirements. Are individual unit owners required to submit a form to the city that indicates they have an alarm and are thus in compliance with the law? Or does the Board of Managers register for all of the units? Or, is this a requirement for condos at all? Thanks.
> Join the conversation Comments (1)In a fancy Manhattan co-op, without notification, a single video camera is installed pointing at a single apartment on a 24/7 feed to the resident managers office. No, there is not a whorehouse in that apt. No it is not rent controlled with a residency issue. What is in the apt? A resident who whistleblew the contracting (often beyond permitted work) done by the Superintendent during work hours.
> Join the conversation Comments (3)
We have a Board Member who goes around having backdoor meetings with other board members and non board members in order to scheme on how to filibuster our meetings, because they have a hidden agenda and intend to use money earmarked for major repairs for items that are not necessities. This person who isn't even the treasurer went behind everyone's back to the bank and had a credit card opened in the co-op's name and when it was discovered, quickly went back and closed out the account.
The problem is the other board members are intimidated by this person and don't speak up at meetings about the behavior because they are afraid. No one comes to our annual meetings or pays any attention to what is going on and believe that things are running smoothly. Our annual meeting is in a few days and this person is already canvassing trying to get signatures in order to be President. If we let that happen, our building literally goes down the toilet because this individual is only interested in satisfying the requests of their friends. They also have said repeatedly that they are not interested in the same repairs that everyone else is because those repairs do not directly affect or benefit them. How do we get rid of this person?
i had read in a couple recent coop publications where the embezzlement of the coops funds by the managing agent would not hurt the coop since the coops insurance will make it whole. Are there stipulations that the coop has to meet, such as some involvement in the finances, or is it open ended?.
Also the president or manging agent has been informing the other BOD that there IS insurance coverage to make the coop whole if a board member embezzles. I have been telling them the opposite and trying to get them to perform some due diligence, fiduciary duties.
I thought that NY state insurance laws prohibited coverage of BOD thefts of coops shareholders monies.> This would be a perfect point of law to bring up with the AG , stating that every coop shareholder that wants access to the electronic banking records of the coop, should have real time access to them.No copies of forged deposit slips or any forged paper documents that the same person who has been fighting transparency , would use to state that they met the requirements of the financial disclosure
I also had informed a new board member and a board member that was moving, to physically check,no photocopies,on the insurance for their D&O insurance, one type covers acting BOD members, the other covers the ex-BOD even when they had moved away.
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Yes, they need to publish the titles.
There was a thread in this subject not long ago, have a look
http://www.habitatmag.com/Board-Talk/Co-Op-board-roles-responsibility-to-publish#18460
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