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Yes, absolutely correct

capital expenditures. A bank, worth its salt, will not write mortgages for a building in disrepair. And

Re: renegade director

and without consulting the rest of the board: major capital improvement projects, sales of apartments

To be clear, increasing maintenance is not being lazy

increases is perhaps to invite insolvency. To delay capital expenditures is perhaps flirting with disaster

Needsto determine what by-laws and state laws requirs

-annual meetings we vote to authorize the board to enter into contracts, to spend the capital reserves on planned

In Another World...

on a possible capital improvement.. The only factor that would effect this would be, or could be the details

Wow SK, between the eyes

declines due to delayed or deferred capital improvements and as the credit burden increases, the crossover

Ambiguous

? A roof deck, and its qualification as a capital improvement was addressed in my last post. The original

Coop to condo

by the purchase of a condo. This means that each shareholder must immediately pay taxes on the capital gains

Apropos of CIRA, may I suggest some simple rules?

, government activities, forecast of capital work and major repairs. 24. All our consumables must be purchased

Achieving long term objectives

all debt, to create a reserve fund, to fund capital projects when required (without undo delay

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Board Talk

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Sprinkle system for insurance?

Pooh Dec 23, 2024

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Habitat Week by Week

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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