My board has not had a shareholders meeting since Nov 2019. They have made a lot of decisions without the shareholders input. Assessments imposed, and taken, increases in maintenance, 5% 2020, 8% 2021, and now a capital improvement extra charge for 3 years They said our new annual meeting was to be in April 2022. We did have one and the board was totally caught off guard, and totally unprepared! . The meeting blew up and nothing was accomplished that night. We STILL HAVE NOT HAD A MEETING, Because there are no financials yet for 2021! We have asked the board and mgmt. but we have not gotten an answer. We did change mgmt. company in 2021. Our biggest problem with the current board is communication! there is none. Where do we go from here. NO ONE IS SAYING ANYTHING TO SHARHOLDERS!
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My coop board decided, on their own, to change both the pet rules and the sublet rules. The owners were never given the chance to vote. When I approached the building management company about this, she stated that 'if everyone voted on everything we wouldn't get anywhere'. Now, this is not a matter of whether to put a plant in the common areas. Both changes affect owners financially. Meanwhile, my building only has 30 units. It's not that difficult to vote.
I closed on this apartment 6 months before the changes, and I bought this unit in this building, because of the pet/sublet rules. Now, they are changed.
Do I have anything to stand on? Where can I find NYC law to research on this?
Hello, a shareholder is wanting to put skylights in their top floor unit where one does not exist. They have it in their architecture plans that were submitted to the board. I'm worried about not having anything in writing that states the expectations for who maintains these skylights or how to deal with the skylights in the event the coop wants to utilize the roof for another purpose, such as a roof deck or solar. Does anyone here have experience with a situation such as this? Many thanks in advance.
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Hi - At what age do Union 32BJ - NYC co-op Superintendents usually retire?
Is there a regular age for this?
Thoughts on the pros and cons of a chiller vs heat pump system.
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How many water shutdowns to a fully occupied building or development with primarily seniors is to many before reaching out to the DOB , DOH, or HPD , ?
The cooperators at Gouverneur Gardens , lower Eastside gone with no water to 782 apartments from 8am to after 11pm yesterday ,Thursday , 8/18/22.
The Property Manager was off site using " Building Link " to communicate to shareholders that many don't even use. . The Board was unavailable to anyone too.
The development is going through a capital project that's grossly mismanaged at every level.
Buildings , cleaned once a week, pest control inadequate , duct tapes , flyers , all over the walls, and contractors using both of our elevators . Your thoughts>>>
https://www.thecity.nyc/2022/8/3/23291085/two-dead-nycha-housing-exploding-ebike-battery?utm_campaign=mailchimp&utm_source=daily&utm_medium=newsletter
More needs to happen to regulate the storage of e- bikes and scooters . The Board at Gouverneur Gardens at the Lower East Side is a sleep on this issue . Your Thoughts
I live in a nyc co-op over 30 years. my parents are the owners. the management, and sometimes the super, and the co-op board bully me. refuse to answers questions, scream at me, contradict themselves and just plain old lie.
what rights do I have????
My co-op has radiators that do not have heat controls.
The heat can only be turned on or off by the maintenance staff. We were told we can either have it on or off. There is no middle.
The heat is unbearable in the winter so many shareholders have the heat turned off and have opted to use electric heaters, which I think presents a dangerous situation.
we have been told to leave the windows opened or the air conditioning on rather then have them shut the heat because they will not come back and forth to turn everyone's heat on and off, which I understand but their solution to the heat situation is unhealthy. Any suggestions on how we, the shareholders, can remedy the situation will be greatly appreciated.
Hi
Would like to hear anyone’s thoughts on the below:
- is it appropriate for a Super to hire a relative to be a porter so then a direct report?
- is it appropriate that a Super buys a unit even though the co-op pays for his unit? So either he flips the purchased unit or has a relative live in it? So then becomes an employee besides a shareholder.
- is it appropriate that a managing agent purchases a unit in a co-op and then flips it?
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Under most coop by-laws, the shareholders themselves can force a special meeting to be called. This is how it reads in our own by-laws: "It shall also be the duty of the secretary to call such meetings whenever requested in writing so to do by shareholders owning at least twenty-five percent of the outstanding shares of the Corporation." Start a petition, get signatures totaling at least the required percentage of shares, and engage a lawyer if you need one. You generally need to state a purpose for the special meeting - e.g., "Election of the board of directors." People can be apathetic, but if you have enough shareholders on your side, you can force the issue.
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