All suggestions and experiences appreciated:
At this time we have no qualifications in our Bylaws for Board members – except that they must be owners.
Last year a Shareholder ran for the Board who is involved in a very heated law-suit with the building. Most SH found it disturbing that he was allowed to run. He was not elected -- but he did come to the meeting with a lot of proxies. And we were concerned.
We want to insert an new amendment into our Bylaws – as to qualifications of Board members – prohibiting SH involved in any legal dispute with the Coop or in errors – to run for the Board.
Also, if a Board member becomes involved in a legal dispute with the building while on the board – that he/she resign.
In the past we had a BM involved in a legal dispute on the board, and this owner benefited from being on the Board—discussing the case with the Coop lawyer, Mang Company and friendly board members.
Thank you…HG
theoretically, cash tips over $20 in any given month are supposed to be reported to the IRS. the employer is responsible and can be fined if caught not reporting and so can the staff member. what is a coop to do to be REALLY proper. Should they ask residents to tell them the amount they tip and then the coop can report it to the IRS? This seems to protect the coop.
Our condo has negative operating funds and almost no reserves and our mothly charges will be going up. aren't we in a terrible financial situation to be so on the edge? The Board seems tobe in dneial or glossing over this
Can anyone recommended a good Tax Certiorari Attorney who has been successful with the city in reducing assessments. We have a 24 unit co-op in Chelsea
We are raising our maintenance in 09 by 5%. I'd like to know what others are doing.
NYSERDA's been giving out large sums in cash incentives and subsidized loans (even in THIS day and age!) for co-ops and condo or rental apartment buildings in the Con Ed territory. You should look into it more or email me for more information.
Have any of you board member been threatened or physically attacked by a resident, a vendor or anyone else in the course of board business?
This is for a Habitat article on how to help prevent such occurrences, and how best to handle them if they do occur.
Anyone with personal experience with this or a story lead, please contact me at franklovece@copper.net ASAP.
Thanks
I was at the CNYC thing this past weekend, and went to the new technology panel. Someone from Habitat was there and mentioned the New Products they have on the front page of the website. I was looking through it and there's a lot of interesting looking stuff. I was wondering if any other boardmembers have used anhy of the new products there. Is it a useful resource to look at now and then?
can anyone out there please help me???
i have been in my co-op for 2 years now and have experienced nothing but heartache.
i have been complaining about mold for 2 years now around my air conditioner and have not gotten anyone to come look at until last week. when someone did come take a look at courtesy of the board,not only did they not fix the mold but they said it was because of my airconditioner sleeve. they took out my air conditioner changed the sleeve and left my air conditioner sitting on the floor. they refused to put it back in. they said the board told them not to put it back in. THEY NEVER TOLD ME THIS UPON THEM COMING IN AT ALL. HE TOLD ME HE WOULD PUT IT BACK IMMEDIATELY. they have also complained that i am using a 220 volt amp to run my air conditioner which was allready established before i moved in and one that they have seen during 3 inspections they have done. They are abusing thier power in order for their electrician and air conditioner people to get paid.
CAN SOMEONE HELP ME!!!!
Hi everyone,
Several shareholders in my building have received foreclosure notices from the bank saying the coop owes new york state. I believe this is overdue water bills which we pay off each month.
Is anyone else experiencing this problem? Any ideas how to solve this beyond paying off the back bills? Is there some sort of work out the building can do with the water company?
We are not in a financial position to pay off the water bill in full but we do not want the bank to foreclose on individual apartments. We have our annual board meeting tomorrow and i want to provide some direction to shareholders who have received notices. Any advice is appreciated.
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HG - If you want to amend your by-laws to say that board candidates can't be in legal disputes with the coop and a BM must resign if he is in such a dispute, talk to your coop attorney. You have to notify all SHs of the exact wording of the amendment before it is voted on, get the required SH vote, etc.
You said you had a BM in a legal dispute with the coop who benefited from talking to mgmt and other BMs about it. Mgmt and other BMs should stay out of discussions like that, and a BM shouldn't "discuss" his legal dispute with the coop attorney. His attorney can, but the coop attorney represents the coop as a whole. He shouldn't "discuss" or give advice to any individual SHs who are in a legal dispute/lawsuit with the coop. It's not appropriate, and it's not in the best interests of the coop as a whole.
As for qualifications of BMs, I know bldgs who amended their by-laws to state that a person must be a SH for 1 year (one bldg requires 2 years) before he can run for the board. Not a bad idea. It gives people who never lived in a coop time to familiarize themselves with the coop "concept" and get to know their bldg a bit before they attempt to be one of the people who govern it.
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