Cooper Square hired as new Managing Agent

The text below is from a newsletter we are preparing to mail out to all unit owners.

June 17, 2005

Dear Unit Owners:

After conducting an intensive search and screening by interviews and inspections of 10 management companies of all shapes and sizes, we have unanimously selected Cooper Square Realty, Inc. to be the new managing agent for our building. Our choice was based upon the following criteria:

Cooper Square is a well-established management company with an impressive portfolio and experience with some of the city’s best condominiums, including two of the Lincoln Square condominiums located at 111 West 67th and 150 Columbus Avenue as well as the Lincoln Towers, nearby.

Cooper Square provides cutting edge/state-of-the art systems, including well-structured back-up support for the building’s operations.

Cooper Square offers innovative and comprehensive services that will be customized for our building, including financial/accounting software, as well as anti-corruption and anti-fraud protective mechanisms.

Cooper Square offers the stability of a larger company as well as the management structure advantages of a smaller company. Cooper Square’s staff will provide the personal time and attention we need to help us bring our building to top-line condition. At the same time, we will have access to company principals and a variety of in-house resources, including: training programs, special classes and seminars for building staff, and an innovative learning center.

Perhaps most important, Cooper Square’s experience and resources will enable us to rehabilitate our condominium. Cooper Square has a history of success in restoring mismanaged condominiums to healthy condition.

Finally, we were also able to negotiate a very competitive fee schedule with Cooper Square.

Cooper Square will be taking over the management of our building on July 1, and will be sending to you information on what to expect during the changeover. We will also update our website, www.45west67condo.blogspot.com, as often as possible with fresh news, so where ever you are in the world, information always remains a few clicks away from you. For more information about our new management company, you can visit Cooper Square’s website: www.coopersquare.com.

We are working hard to bring sorely needed change to our building. Our partnership with Cooper Square is a turning point but your support remains crucial. In order to continue to move things forward, we need to schedule the official 2004 and 2005 Annual Owners’ Meetings soon, but we still need a quorum. So if you haven’t yet done so, please be sure to pick up a blue 2004 proxy at the front desk and leave it in care of Diana Moore (31A) or contact one of us, and we shall send the proxy to you.

Best Regards,

Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A)