As the realization hits of how the Climate Mobilization Act will impact the budgets of New York City’s co-op and condo buildings, many boards are taking on the Sisyphean task of re-making their energy profile. As we report in March, changing equipment is one thing, but getting owner buy-in can test the most seasoned of boards. More near-term, though, are fire safety requirements that, for the first time, put the onus of non-compliance on boards; new Mitchell Lama meeting requirements for shareholders; the question of staying virtual or going in-person for this year’s annual meeting; new late fee thresholds for lagging maintenance payers; and a reminder that trust is a board’s superpower. Plus much more! Read the digital edition now.