Our co-op was formed in 1960 under the NY Cooperative Corporations Law. We know that The Business Corporations Law trumps any by laws which don't permit proxy voting.
But is the same thing true for co-ops formed under the NYCCL? Our by laws don't permit proxy voting.
We are very uncomfortable with the whole proxy process, feeling that it increases the possibility of voter fraud. Thus, you should be present to cast your vote (which is what our by laws state).
If the co-op does not have to allow proxy voting for NYCCL co-ops, does anyone know where I can find the legal basis which supports this?
Thank you in advance for any help.
We are a 10 unit coop in Tribeca. We would like to know what similar buildings pay for a part time super and what services are performed.
Thank you
The Property Manager has played a significant, instrumental role in helping the Board and the cooperative improve its financial and operational condition in a relatively short amount of time, far exceeding our expectations.
Outside of the normal management fee, I wanted to survey if it's unusual or frowned upon to consider giving the PM a bonus gratuity to show the corporation's appreciation? If you have any thoughts or experience regarding the above, please share.
Thanks in advance!
We have a new shareholder who is proposing to expand his bathroom into an adjoining hallway. He would not move any plumbing or fixtures into that area. He is replacing the tub with a shower, however. The shareholder would be required to add a waterproof membrane to the new area.
We do not have a policy about this, and it has never come up before. I am told "many, many" co-ops prohibit it.
The co-op's architect says that it is up to the Board whether or not to approve it, though he gives details of some risks.
In our 70 year old building, we have had many leaks from bathrooms from plumbing inside the wall and from shareholder installed fixtures which caused damage to apartments below and adjacent.
Curious to know whether other board routinely grant permission to install wet-over-dry conditions? If you have granted permission, have you had shareholders who feel themselves compromised complain?
Let me know of your experiences.
Thanks so much
Does anyone have any experience (good and bad) with the following elevator maintenance companies?
...Genco
...Champion
...Solid State
Any insight would be appreciated.
Thank you.
Our condo recently settled a case where we sued the sponsor for structural damages. Are the proceed taxable? I don't think they are but I am not sure.
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Can anyone suggest where I can find a free user friendly co-op newsletter template for Apple Pages?
(I'm not happy with the ones provided by Apple.)
I live in a co-op and until this year, when we wanted to make adjustments to the thermostat, residents who understood the control box and had a key could go to the boiler room, and adjust the length of heating cycle longer or shorter to adjust the amount of heat coming into the building as weather needs dictated. We're being told by our board president that there are new regulations that disallow that, and now only a certified person can do this. We're not talking about touching the boiler itself, just the control panel. Is this in fact disallowed?
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Hi everyone, I am doing a gut renovation in a Manhattan apt. After demolition, I discovered a gas branch line that obstructed passageway into a proposed hallway. I asked my licensed plumber if it was ok to relocate it higher. He said it's "no big deal", it's commonly done; we shouldn't have a problem because we are not touching the building gas riser. After the work was completed, the building architect came by and said I was in a world of trouble. The plumber had replaced the gas valve which is located inside my apt about a foot from the building riser. Now, the Dept of Bldgs (DOB) will require that we do a pressure test of the building riser. The pressure test will likely fail due to the age of the building being nearly 100yrs. The DOB/ConEdison may then turn off the gas to the building until the bldg riser is repaired or replaced; most likely replaced again due to the age of the pipe. I am petrified that I am on the hook for the replacement of the building's riser and related costs such as repair to other shareholders' apts that result from installing the new riser. The new riser benefits all shareholders so I don't feel its fair that I be responsible for the full cost of replacement. The old riser is also an existing condition that would've need replacement in the near future anyways. The Board may argue that I've assumed all expenses when I signed the alteration agreement. What will the plumber's insurance cover in this situation; just the depreciated value of the old riser? Someone please help. I am scared to death right now.
- Lilly
Hi,
Our cooperative requires shareholders to retain licensed, insured plumbers to conduct 'in-the-wall' plumbing. However, when there is a leak on an internal pipe that falls under the responsibility of the co-op to repair, they often try to send the unlicensed Superintendent to do the work in order to save money. He is unqualified and this has resulted in more leaks, further damage and faulty work - and is also illegal in NYC. Yet, the co-op persists in pursuing this double standard.
Can we , as shareholders who are obligated to follow co-op rules, refuse entry to unlicensed workers to perform illegal repairs? can the co-op force work that violates city rules, (as well as the cooperatives rules themselves)?
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Hi every one there, I have been a Board President for a few years, and my opinion is that as long as it's allowed by your Bylaws it's OK, there are building like mine that without this stipulation there will never be a meeting's quorum.
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