the president with the total support and back up of lies by the managing company, whose owner and the co-op president, negotiated the bldg mortgage loan where the owner is on the bank board, and the co-op pres is an investor in that bank. The co-op president was ready to jump over the table when i questioned him on that. The minutes for that june meeting were still not received by october. i called twice and faxed, inquiring about where's the minutes? The management company spun in it to say it was 100% fine. I asked the same question at the cooperater , it was posted, and they said not good. the pres and managing company has turned a building that at acceptance of conversion plan in 1983 was 80% owner occupied.Now he has it down to around 50%, the par 14 in prop lease AND is being ignored even though i gave him copy of the NY law journal case law, that some one here graciously sent . Thankyou mr anonymous, it means a lot! at the same time the MA said that our proprietary lease said or and i said no, i have read it to many times. he convinced the board that it said OR. When the buyers of the apartments went to the interview and said that they were moving in, down sizing, etc. The only person that moves in is the adult son or daughter, between 20 and 30 years of age. The true shareholder never moved in. I didn't realize that until i battled for the shareholder list . and then i was able to check things out. That is why they don't want transparency, and it gets worse. i was injured at work 10 years ago, and became disabled . I had medical stuff i was dealing with, i assumed the new shareholders who paid a lot more were watching things. I am realizing now that they all moved , rather then fight this BS,they moved. Al we have left is shareholders that never come to the meetings,the ones that live here ,but complain about everything, but never have come to a meeting. And the absentee shareholders who are not paying sublease fee's at least not to the co-op.
i wonder what the banks require for owner occupancy for shareholder mortgage? May be fraudulent papers being filled out. I had a talk with the newest board meber, 2 nights ago, knocked on his door, and he is ok, they have been bullshiiting him. I left a copy of the prop lease par 14, with AND highlighted above the mailboxes the next day ,since i was late for the train. The MA told him it said OR, every question i have asked , he has provoded fallse info, that is why he and the pres want no tapes. i habe the meetimng in a half hour, time to get my cameras rigged.