Can you please share your wonderful COOP/CONDO website for sample use only for viewing. I thank you for your attention.
We have major projects ahead and our board thinks that, due to the economic downturn, we can get "great prices" now on projects like new elevators, lobby reno or roof replacement because consultants/vendors need the work and will probably lower their costs significantly to get more contracts.
Have any of you found this to be true? Our board hasn't looked into this closely yet but they think this is a good time to start major projects so we'll pay much less for them than we may in 2-3 years. Aside from the fact that most costs go up in time anyway, is it likely that professionals in the building industry in NYC are "discounting" their prices in this sluggish economy just to get more work?
This is a small CO OP with 2 union staff Super and parttime doorman (4hrs) Mon-Fri.
The cost of living rising so much the CO OP cannot afford "The UNION"
Does anybody have advise on how to go about ridding the building of the UNION the monetary cost etc.. I know we will be seeking the advise of a Lawyer but I want to do the homework first and hear all possibilities. Thanks all who contribute to this subject.
Does your board have an investment policy / guideline for your reserve fund?
If so, what is a sample of such a policy / guideline?
Our board has litigation going on with a shareholder that could go on for years, we're told. Some shareholders have asked me about whether they can sell their units while this is going on--the Corp has accrued massive legal fees due to this awful situation and if we lose, there will be large assessments levied on shareholders to pay the legal bills. We believe we will prevail, but how does litigation impact those shareholders who want to sell? Thanks
iN OUR BUILDING THE SPONSOR DEFAULTED THE UNSOLD SHARES WERE AUCTIONED. NOW THERE IS AN INVESTOR WHO CLAIMS HE IS HOLDER OF UNSOLD SHARES WE DO NOT KNOW WHO HE IS,HE ONLY IDENTIFIES HIMSEL AS INITIAL LETTERS. CAN HE SELL WITHOUT THE NEW BOARD KNOW WHO HE IS .ARE WE ALLOW TO ASK FOR DOCUMENTS SHOWING HIS STATUS AND WHICH DOCUMENTS THESE WILL BE
who does co-op reverse mortgages --under 417K
and what is the dollar limit on these loans !!
Richard Russell
We have a large backyard paved with concrete.
Are there any city regulations which would prevent us from installing one or two large sheds for shareholder storage? How about 20 smaller rubbermaid type personal storage units?
I am currently on the board of directors in a COOP in Brooklyn. If any one has information on companies that help with Cell Phone Towers and WIFI please post it. I have already contacted US Cellular and 3G solutions. I know this is great way to raise money for a CO-OP.
thanks
My Bronx 45-unit building recently went coop. We have 1 super and 1 porter. We just received the payroll report from our managing company, and notice the following pattern: Each week an employee call out sick. If the Super or Porter calls out sick or leave early due to sickness, the one that is still working, is paid that amount of hours in OT at time and a half. This employee is not working extra hours, they work their standard 8 hour day, and the one that went out sick is paid his sick pay. Isn't this double dipping?
The management company insist this is what 32bj contracted for their union members. Unless I'm misreading this contract, I have not located such nonsense.
I'm a union member, our has been in arbitration for 6 months, if 32bj Executives was able to negotiate a contract like that, my union needs them.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Hi, Cynosure--
Not sure what you mean by "for sample use only for viewing." Please feel free to contact me at flovece@habitatmag.com, and I'll try to help.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.