Thursday, February 23, 2006
Water Meter Installation
As announced earlier, the water meter installation will take place today, February 23, 2006, at 10:30pm and last until 5:30am Friday morning. Water service will be shut down, but the water tank should serve the building until tomorrow morning. However, please ensure that all faucets are turned-off.
Thursday, February 16, 2006
Water Meter Installation Postponed
In response to our neighbor ABC's request, the water meter installation will take place next Thursday, February 23, 2006, at 10:30pm and last until 5:30am Friday morning. Water service may not have to be shut down at that time; nevertheless, Cooper Square will update us next week.
Wednesday, February 15, 2006
Monday, February 13, 2006
Upgrades in Laundry Room
We are happy to announce that Hercules, the new vendor selected to manage the laundry room, will open the laundry room for business on Thursday, March 2, 2006. But before it can do so, Hercules will refurbish the laundry room and its systems, and install new equipment. The work requires that the room closes on Monday, February 27, 2006 until the opening date.
Representatives from Hercules will be available in the Laundry Room on Thursday, March 2, 2006 between the hours of 9:00am and 12:00pm and again between 5:00pm and 7:00pm to demonstrate the use of the new Smart Card System and answer questions. They will also distribute Welcome Bags and complimentary $5.00 Smart Cards for each apartment.
Gracie Cleaners, with a counter located behind the lobby, has offered to residents of the building a 20% discount on their “Wash, Dry and Fold” service during the three days the laundry room will be closed.
We hope the interruption will cause little inconvenience and thank you for your patience.
Representatives from Hercules will be available in the Laundry Room on Thursday, March 2, 2006 between the hours of 9:00am and 12:00pm and again between 5:00pm and 7:00pm to demonstrate the use of the new Smart Card System and answer questions. They will also distribute Welcome Bags and complimentary $5.00 Smart Cards for each apartment.
Gracie Cleaners, with a counter located behind the lobby, has offered to residents of the building a 20% discount on their “Wash, Dry and Fold” service during the three days the laundry room will be closed.
We hope the interruption will cause little inconvenience and thank you for your patience.
Wednesday, February 08, 2006
Financial Matters
A newsletter about financial matters was mailed yesterday to all owners.
February 6, 2006
Dear Owners:
This letter is to apprise you of the Board’s decision to increase the Condominium’s monthly common charges and the possibility of assessments. The principal reasons for the increase and assessments include the deficit the current Board inherited from the previous Board, higher energy costs, and the need to maintain the building’s conditions and level of service in line with that of its neighborhood peers and its reputation.
The three areas upon which the Board has focused its attention are: 1) operational accounts, 2) accounts payable; and 3) capital projects.
1) Operational Accounts: Our primary goal is to bring expenses in line with revenue by the end of 2006. In accordance with condominium by-laws, the Board, Cooper Square, and the building’s accountant have prepared an annual budget while seeking both expense control and income generation. Some of the steps we are taking to generate income are:
2) Accounts Payable: As we have previously advised you, we had discovered unpaid bills, dating back to 2003, amounting to about $407,000 that we inherited from the old Board. Our accountant and the current Board have reviewed and verified these numbers along with Cooper Square.
Together with Cooper Square we have assessed the “legitimacy” of these bills, prioritized them, and have arranged payment plans or discounts to mitigate the burden. However, payments against these back bills are limited by the condominium’s monthly cash flow and the building, therefore, still runs the risk of liens and lawsuits from unpaid vendors. The Board feels it is prudent to pay verifiable bills related to the building’s operations as soon as possible. We are currently looking at alternatives to help spread the financial impact over time to the owners. We are seriously considering an assessment to cover these bills.
3) Capital Projects: Our building is over 20 years old and many of its systems and structures require repair or replacement. We have already conducted a water leak survey and hired an engineer to perform a structural analysis of the work required to ensure compliance with the new City Law #11.
The engineer will also evaluate the general state of the building and advise us of any necessary repairs. The Board will do its best to carefully prioritize repairs and match capital expenses to any assessments needed to fund them (rather than building a general reserve fund). Thus any assessment for capital projects will likely be spread over time as repairs are undertaken.
As always, we welcome your comments and suggestions on these matters. If you wish to reach us, leave a note for us at the front desk or visit the condo’s web site at www.45west67condo.blog.com.
With Best Regards,
The Residential Condominium Committee
February 6, 2006
Dear Owners:
This letter is to apprise you of the Board’s decision to increase the Condominium’s monthly common charges and the possibility of assessments. The principal reasons for the increase and assessments include the deficit the current Board inherited from the previous Board, higher energy costs, and the need to maintain the building’s conditions and level of service in line with that of its neighborhood peers and its reputation.
The three areas upon which the Board has focused its attention are: 1) operational accounts, 2) accounts payable; and 3) capital projects.
1) Operational Accounts: Our primary goal is to bring expenses in line with revenue by the end of 2006. In accordance with condominium by-laws, the Board, Cooper Square, and the building’s accountant have prepared an annual budget while seeking both expense control and income generation. Some of the steps we are taking to generate income are:
- Increase Laundry Room Income: Through a competitive bid process, we selected a new vendor to operate the laundry room. The vendor will renovate the laundry room at its expense and install new equipment. Under the new contract, laundry room revenue will more than double with no increase in the cost of laundry passed on to owners or residents.
- Lease of Valet Space: We have agreed to lease this space to a reputable commercial dry-cleaning service. The service has also agreed to accept responsibility for cleaning of staff uniforms, which will eliminate an expense item. The rates to be charged by the service are commensurate with those of local dry-cleaners.
- Collection of Arrears: We have retained an attorney to send collection notices to owners in arrears. Cooper Square is working with the attorney to collect any outstanding arrears due. Currently, the condominium is owed approximately $50,000 in common charges by owners in arrears. The Condominium’s attorney has instructions to pursue liens against those units in arrears when appropriate.
- Initiation of Moving Fees: A $350 move in/out fee will be charged as of February 1st, 2006. This fee is designed to fairly compensate the building for the burden placed on staff as well as wear and tear on the building’s common areas.
Some of the steps we are taking to control expenses are:
- Limiting Use of Staff Overtime Pay: Salaries are a substantial portion of monthly expenses, and open communications and better management should prevent unreasonable over-time costs.
- Installation of a Water Meter: This will substantially reduce the city water bill.
- General Reduction of Equipment Repair, Maintenance, and Supplies: For example, after receiving competitive bids, the Board selected a new elevator maintenance contract which alone, has reduced monthly elevator maintenance costs by 60%. In addition, Cooper Square secured a discount on Hess heating oil whereby the condominium pays the lowest available price in New York City. Nevertheless, oil prices are fluctuating at historic highs. As a result, we have budgeted a significant increase in the cost of oil to accommodate market realities and for higher electricity costs.
2) Accounts Payable: As we have previously advised you, we had discovered unpaid bills, dating back to 2003, amounting to about $407,000 that we inherited from the old Board. Our accountant and the current Board have reviewed and verified these numbers along with Cooper Square.
Together with Cooper Square we have assessed the “legitimacy” of these bills, prioritized them, and have arranged payment plans or discounts to mitigate the burden. However, payments against these back bills are limited by the condominium’s monthly cash flow and the building, therefore, still runs the risk of liens and lawsuits from unpaid vendors. The Board feels it is prudent to pay verifiable bills related to the building’s operations as soon as possible. We are currently looking at alternatives to help spread the financial impact over time to the owners. We are seriously considering an assessment to cover these bills.
3) Capital Projects: Our building is over 20 years old and many of its systems and structures require repair or replacement. We have already conducted a water leak survey and hired an engineer to perform a structural analysis of the work required to ensure compliance with the new City Law #11.
The engineer will also evaluate the general state of the building and advise us of any necessary repairs. The Board will do its best to carefully prioritize repairs and match capital expenses to any assessments needed to fund them (rather than building a general reserve fund). Thus any assessment for capital projects will likely be spread over time as repairs are undertaken.
As always, we welcome your comments and suggestions on these matters. If you wish to reach us, leave a note for us at the front desk or visit the condo’s web site at www.45west67condo.blog.com.
With Best Regards,
The Residential Condominium Committee
Wednesday, January 18, 2006
New Web Site Now On-line
Arriving in your mailboxes this week are cards announcing how to register to use a new web site, managed by Cooper Square, to help you access building information. It is a beta site so please let us and Yvette Diaz know what you think. You can log on to register by going to http://www.coopersquareconnect.com/register.
The web site itself is at http://www.coopersquareconnect.com/45w67thst/
The web site itself is at http://www.coopersquareconnect.com/45w67thst/
Saturday, December 03, 2005
Holiday Party
It is with great pleasure that we invite all owners and residents to a Holiday Party in the lobby on Thursday, 15 December 2005, from 6:00pm until 7:30pm. Ms. Barbara Marder will be graciously hosting this event on behalf of the Residential Condominium Committee. We look forward to seeing you.
Wednesday, October 26, 2005
A Newsletter is on its Way to Owners
The text below is from a newsletter we are preparing to mail out to all unit owners.
October 26, 2005
Dear Owners:
We hope you've had a good summer. We've been very busy. Here’s a brief summary of what’s going on. Please remember there are developments almost every day.
FINANCIAL MATTERS:
New Accountant:
We have retained a new accountant, Bill Rank of Bloom & Streit, LLP, to help us assess the financial condition of the condominium, establish an appropriate operating budget, and review the high number of unpaid bills.
Unpaid Bills:
We discovered that many of the condominium’s bills over the past two years have simply not been paid. The condominium’s accounts payable ledger contains accumulated unpaid bills totaling about $407,000. Some of the bills date back to October, 2003. This debt is equal to about 30% of the common charges collected in a year. There is no record as to why payments were withheld. Our representatives at Cooper Square Realty Inc. (“Cooper Square”), the new managing agent, are currently trying to verify each unpaid bill. Cooper Square’s employees are also spending an inordinate amount of time dealing with vendors whose bills are long overdue. In some cases, Cooper Square has been able to set up payment plans with vendors.
Arrears:
Several owners had fallen substantially in arrears, and no action had been taken to bring their accounts current. Cooper Square has initiated a program to ensure that owners' accounts are current. Monthly payments of common charges are the chief source of income for the condominium, and everyone must carry his or her proportionate share of the total each and every month.
Cost Control:
Our new managing agent and accountants are reviewing the costs incurred to operate the condominium on a daily, weekly, monthly and annual basis. We are exploring ways to increase income, control expenses, manage payables and receivables, and rebuild our depleted reserve fund. Competitive bidding will be required for any substantial work which is to be performed.
NEW BOARD MEMBERS:
Following the resignations in April of board members Stanley Stein, David Roth and Albert Silberfeld, as well as the resignation of the managing agent, Rudd Realty Management Corp., the remaining board members, Diana Moore, Altan Kolsal, and Ronald Giustino acted quickly to fill the vacancies, in accordance with the condominium’s by-laws. They appointed Barbara Marder, Nancy Cherner, Raymond Joe, Jared Danziger, and Juan Villanueva. Our newest member, Mr. Villanueva, is a new owner. He is a senior financial analyst and we are excited to have him on the board.
NEW MANAGEMENT:
In July, we retained Cooper Square as the condominium’s new managing agent. If you have any questions, concerns, or issues with them, please let us know. We want your feedback.
THE SUPERINTENDENT:
In early August, an arrangement was made with Joe Martin. He left his post as superintendent on September 9th and vacated the superintendent’s apartment on September 15th. Mr. Martin filed a lawsuit against the board of managers and the condominium seeking damages of $10 million. Attorneys were appointed by the condominium’s insurance carrier to defend the action, and last week they filed a motion to dismiss the action as baseless. We have begun our search for a new superintendent. If you are interested in joining our hiring committee, please contact us. Kindly let us know if you have any referrals.
GETTING OUR HOUSE IN ORDER—WHAT'S NEXT:
We are working actively with the condominium’s advisors to restore the condominium to fiscal health. We are working on the agenda for the 2005 owners’ meeting, and plan to schedule the meeting very soon. We welcome the input and participation from any and all interested owners at any time, but especially at the owners’ meeting, where we will need a quorum of owners attending either by proxy or personally. Please keep us in mind. If you wish to reach us, leave a note for us at the front desk or send us an email from the condominium’s website, www.45west67condo.blogspot.com
Best Regards,
Nancy Cherner (24C), Jared Danziger (7B), Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A), Juan Villanueva (27D)
October 26, 2005
Dear Owners:
We hope you've had a good summer. We've been very busy. Here’s a brief summary of what’s going on. Please remember there are developments almost every day.
FINANCIAL MATTERS:
New Accountant:
We have retained a new accountant, Bill Rank of Bloom & Streit, LLP, to help us assess the financial condition of the condominium, establish an appropriate operating budget, and review the high number of unpaid bills.
Unpaid Bills:
We discovered that many of the condominium’s bills over the past two years have simply not been paid. The condominium’s accounts payable ledger contains accumulated unpaid bills totaling about $407,000. Some of the bills date back to October, 2003. This debt is equal to about 30% of the common charges collected in a year. There is no record as to why payments were withheld. Our representatives at Cooper Square Realty Inc. (“Cooper Square”), the new managing agent, are currently trying to verify each unpaid bill. Cooper Square’s employees are also spending an inordinate amount of time dealing with vendors whose bills are long overdue. In some cases, Cooper Square has been able to set up payment plans with vendors.
Arrears:
Several owners had fallen substantially in arrears, and no action had been taken to bring their accounts current. Cooper Square has initiated a program to ensure that owners' accounts are current. Monthly payments of common charges are the chief source of income for the condominium, and everyone must carry his or her proportionate share of the total each and every month.
Cost Control:
Our new managing agent and accountants are reviewing the costs incurred to operate the condominium on a daily, weekly, monthly and annual basis. We are exploring ways to increase income, control expenses, manage payables and receivables, and rebuild our depleted reserve fund. Competitive bidding will be required for any substantial work which is to be performed.
NEW BOARD MEMBERS:
Following the resignations in April of board members Stanley Stein, David Roth and Albert Silberfeld, as well as the resignation of the managing agent, Rudd Realty Management Corp., the remaining board members, Diana Moore, Altan Kolsal, and Ronald Giustino acted quickly to fill the vacancies, in accordance with the condominium’s by-laws. They appointed Barbara Marder, Nancy Cherner, Raymond Joe, Jared Danziger, and Juan Villanueva. Our newest member, Mr. Villanueva, is a new owner. He is a senior financial analyst and we are excited to have him on the board.
NEW MANAGEMENT:
In July, we retained Cooper Square as the condominium’s new managing agent. If you have any questions, concerns, or issues with them, please let us know. We want your feedback.
THE SUPERINTENDENT:
In early August, an arrangement was made with Joe Martin. He left his post as superintendent on September 9th and vacated the superintendent’s apartment on September 15th. Mr. Martin filed a lawsuit against the board of managers and the condominium seeking damages of $10 million. Attorneys were appointed by the condominium’s insurance carrier to defend the action, and last week they filed a motion to dismiss the action as baseless. We have begun our search for a new superintendent. If you are interested in joining our hiring committee, please contact us. Kindly let us know if you have any referrals.
GETTING OUR HOUSE IN ORDER—WHAT'S NEXT:
We are working actively with the condominium’s advisors to restore the condominium to fiscal health. We are working on the agenda for the 2005 owners’ meeting, and plan to schedule the meeting very soon. We welcome the input and participation from any and all interested owners at any time, but especially at the owners’ meeting, where we will need a quorum of owners attending either by proxy or personally. Please keep us in mind. If you wish to reach us, leave a note for us at the front desk or send us an email from the condominium’s website, www.45west67condo.blogspot.com
Best Regards,
Nancy Cherner (24C), Jared Danziger (7B), Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A), Juan Villanueva (27D)
Thursday, October 20, 2005
Change in Management Team
There is a small change in Cooper Square's team directly responsible for our building. Laurie Weinstein's duties are taken over by Loretta Rose. Her contact information is as follows:
Office: 212 634 8906
Fax: 212 634 3946
email: loretta.rose@coopersquare.com
Ms. Rose will be assisting Yvette Diaz and Keith Werny.
Office: 212 634 8906
Fax: 212 634 3946
email: loretta.rose@coopersquare.com
Ms. Rose will be assisting Yvette Diaz and Keith Werny.
Sunday, September 18, 2005
Superintendent Resigns
Mr. Joe Martin has resigned his duties as superintendent, effective September 9, 2005, and he will vacate the super's apartment in the building by the end of this month.
Cooper Square is interviewing candidates for the superintendent position and will recommend a number of persons for the residential committee's consideration. Please let us know your suggestions regarding candidates and their qualifications by leaving a note at the front desk or by email.
Cooper Square is interviewing candidates for the superintendent position and will recommend a number of persons for the residential committee's consideration. Please let us know your suggestions regarding candidates and their qualifications by leaving a note at the front desk or by email.
Wednesday, June 29, 2005
The Management Team
The following people are directly responsible for our building:
Ms. Yvette Diaz, Senior Property Manager
Office: 212 634 8945
Fax: 212 634 3946
email: yvette.diaz@coopersquare.com
Ms. Laurie Weinstein, Assistant Property Manager
Office: 212 634 8901
Fax: 212 634 3946
email: laurie.weinstein@coopersquare.com
Mr. Keith Werny, Senior Vice President
Office: 212 634 8913
email: keith.werny@coopersquare.com
Ms. Yvette Diaz, Senior Property Manager
Office: 212 634 8945
Fax: 212 634 3946
email: yvette.diaz@coopersquare.com
Ms. Laurie Weinstein, Assistant Property Manager
Office: 212 634 8901
Fax: 212 634 3946
email: laurie.weinstein@coopersquare.com
Mr. Keith Werny, Senior Vice President
Office: 212 634 8913
email: keith.werny@coopersquare.com
Maintenance Bills
Cooper Square sent to all owners, via mail, the maintenance bills for the month of July. Checks should be payable and sent to:
45 West 67th Street Condo
P.O. Box 56007
Newark, New Jersey 07101-0001
Each unit's account number has changed and appears on the bill.
45 West 67th Street Condo
P.O. Box 56007
Newark, New Jersey 07101-0001
Each unit's account number has changed and appears on the bill.
Tuesday, June 21, 2005
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:
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)
Thursday, May 12, 2005
A Newsletter is on its Way to Owners
The text below is from a newsletter we will mail out to all unit owners this week.
Dear Unit Owners:
We would like to share with you the latest developments concerning the management of our building.
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated as we work on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all. We hope to have in place a new managing agent by June 30, 2005.
Since gathering the financial reins of the Condominium in mid-April, we discovered that as of March 31, 2005, accounts payable had ballooned to approximately $358,000. This is an increase of approximately $125,000 since November 30, 2004, the date of the last annual financial report.
We have also learned that most of the Condominium’s vendors inexplicably were not paid in March, 2005. We are now in the process of forming a financial committee to examine the Condominium’s financial options and determine the best course of action to lead the Condominium back to fiscal health. Please let us know promptly by e-mail, telephone or note if your background includes financial analysis of any kind and if you are interested in joining the committee.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
In the meantime, please continue to visit our web site (http://www.45west67condo.blogspot.com/) to get the latest news about the Condominium.
With Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A)
Dear Unit Owners:
We would like to share with you the latest developments concerning the management of our building.
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated as we work on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all. We hope to have in place a new managing agent by June 30, 2005.
Since gathering the financial reins of the Condominium in mid-April, we discovered that as of March 31, 2005, accounts payable had ballooned to approximately $358,000. This is an increase of approximately $125,000 since November 30, 2004, the date of the last annual financial report.
We have also learned that most of the Condominium’s vendors inexplicably were not paid in March, 2005. We are now in the process of forming a financial committee to examine the Condominium’s financial options and determine the best course of action to lead the Condominium back to fiscal health. Please let us know promptly by e-mail, telephone or note if your background includes financial analysis of any kind and if you are interested in joining the committee.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
In the meantime, please continue to visit our web site (http://www.45west67condo.blogspot.com/) to get the latest news about the Condominium.
With Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A)
Thursday, May 05, 2005
Interviews Ongoing; But No Disclosure
Much has been going on in our building.
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated so we are working on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all.
On the financial front, we have still not received full disclosure from Rudd Management and Mr. Juneau, whose firm Schechter and Brucker, was dismissed by us two weeks ago. We are working to resolve this situation as soon as possible in order to move forward with the management of our Condominium.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Diana Moore (31A)
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated so we are working on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all.
On the financial front, we have still not received full disclosure from Rudd Management and Mr. Juneau, whose firm Schechter and Brucker, was dismissed by us two weeks ago. We are working to resolve this situation as soon as possible in order to move forward with the management of our Condominium.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Diana Moore (31A)
Thursday, April 14, 2005
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 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)
Friday, April 08, 2005
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)
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)
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