Action-Plan on the Roll

We are still seeking an accurate letter of resignation from each member of the old Board. Without the letters, we can't proceed freely with the transition.

In the meantime, we have initiated our action-plan which was organized last summer:

We appointed four owners to vacant seats on the Committee, in accordance with Section 2.10 of the By-laws, to help us handle the immediate work that has to be done. They are Nancy Cherner, Jared Danziger, Raymond Joe, and Barbara Marder.

We are redefining our list of managing agents and invite you to personally recommend suitable firms. Interviews will begin next week to ensure a timely and reliable transition.

We started this web site where we will provide information about our building to you. You can bookmark this site and visit it often as it will compliment other means of communication.

We continue to need your help in turning a new page in our building. We must hold the 2004 Annual Owners’ Meeting very soon, and that depends on reaching a quorum. If you haven’t submitted one already, please pick-up a proxy from the front desk and forward it to any one of us. Your proxy or attendance to the 2004 Annual Owners’ Meeting is critical. The meeting date should be announced shortly.

With Best Regards,

Ron Giustino (24A), Altan Kolsal (9H), Diana Moore (31A)

A Note to Owners

We would like to share with you the latest developments concerning the management of our building.

The 2004 Annual Owners Meeting, scheduled for April 6, 2005, was only informal because there was no quorum. Turnout was relatively robust but not enough to surpass the 50% mark. At the meeting, Messrs. Silberfeld, Stein, and Roth submitted their resignations, and Mr. Rudd resigned as managing agent. Rudd Management, however, has a contractual obligation to remain on the job for a while longer. Their letters should be in the mail by now. No one knows anything about Mr. Weiss, also a member of the old Board.

The remaining members of the Board of Managers must reconvene the 2004 Annual Owners Meeting without delay. This is possible only if a majority of owners attend the next meeting either personally or by proxy.

We will pass along meeting details as they become available.

As usual, please do not hesitate to contact either one of us.

Sincerely,

The Board of Managers
Ron Giustino (24A), Altan Kolsal (9H), Diana Moore (31A)