"All dwelling units in cooperatives occupied by nonpurchasing tenants shall be managed by the same managing agent that manages all other dwellings in the building. The law applies to both units owned by the sponsor and those by individuals.''

What this means is as follows:

1. The managing agent designated by the board of the co-op (if this were independent) represents the co-op at large. It does the maintenance collections, it pays the co-op payables, it contracts general contractors to take care of co-op responsibilities (boiler, heat companies, plumber for infrastructure, etc), it sends the letters to individual shareholders and to the sponsor management for house rules violations, it may act as the transfer agent for the co-op at large, it interfaces ith the banks, unions, etc as the agent of the Corporation.

2. The sponsor management is the AGENT for the sponsor. In its capacity it does not overlap with the CO-OP management because its role is as follows: manages the units the SPONSOR owns in your building and other buidlings by collecting the rents, following eviction notices for its own tenants that do not pay their rents, PAYING the co-op for the MAINTENANCE OF THE AGGREGATE NUMBER OF APARTMETNS IN YOUR BUILDING,will respond to the basic needs of its own subtenants in your buidling and other buildings, e.g., fixing old refrigenerators, dishwashers, changing faucets, crack toilets, etc. It RAISES problems that its subtenants may have in your co-op on their behalf, i.e., NOISE, parking needs, water penetration, etc. AGAIN, the level of interaction may have to do with procedures that boards establish within their co-ops, represent the sponsor on the board if it retains a sit, does the budget for the SPONSOR for internal repairs of units, changes of appliances, MAINTENACE and ASSESSMENTS that different co-ops may pass, etc.

So, to conclude, the activities of both managements are different and the SPONSOR management's role is the same as that of an individual shareholder. I for one, must pay my maintenance on one unit, replace or repair my refrig, A/C, dishwasher and look for a contractor to do any improvements in my apartment.

So Mr. BIG AL, think before you speak!!!

AdC