The Board and Management conducted a
shareholder information meeting on January 28th. Here is a brief summary of some of the topics
covered, whether as part of the board’s presentation or in response to
questions by attendees. Present were
board members Rob Stein, Larry Chaifetz, Jeffrey Allister, and Marc Donner as
well as Management Executive Mark Weil and incoming Resident Manager Jose
We introduced Jose Anderson who has since joined the staff,
succeeding Marty Finneran as Resident Manager. Jose spoke, acknowledging the warm welcome he
had received from the attendees and touching briefly on highlights of his
career to date.
Treasurer Rob Stein and assistant Treasurer Jeffrey Allister
talked briefly about the constraints on the Cooperative’s budget.
Residents praised the staff’s effective work in dealing
effectively with snow clearance after the blizzard that hit on January 22nd
Mark Weil talked about current work to ensure building code
compliance by our balconies and remediation of small quantities of damaged
concrete at the corners of some balconies.
We talked about the new cogeneration project, explaining
that the original cogen units had failed in 2014 and that between the NYSERDA
subsidy and the insurance reimbursement the Condo was providing less than half
of the cost of the new system.
There were questions about the renovation work in the
garage. Neither Management nor the Board
was able to provide much definitive information, since the garage owner, ACP,
has not provided much information to us.
We were asked about the potential for damage to the building’s
foundation, something that is not a concern both because the work is inspected
by the Department of Buildings and because the garage is external to the main
structure of the residence.
A shareholder asked about AirBnB. The Board noted
that many AirBnB transactions could be considered illegal under New York State
Multiple Dwelling Law. The Board
reiterated that it is a violation of the proprietary lease to sublet an
apartment without the Cooperative’s written consent. In addition, the Board emphasized that the
two violators caught in the past had each been heavily fined. If you believe that there is unapproved sublet
going on, please alert the Management office so that they may investigate and
address the issue.
Mark Weil reported on his investigations of various
recycling options for the building. 205
will soon have an electronics recycling bin, however both the compost and
clothing recycling proposals were deemed impractical. Shareholders at the meeting noted that PS 199
has a clothing recycling bin, as does 165 and 185.
Jeffrey Allister reported on ongoing work by the Gym Committee to refresh
the equipment, with a status update from Mark Weil.