Tell us what’s on your mind? 
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ONE VOICE IS CERTAIN THAT THE BOARD – THAT YOU ELECTED – IS ACTIVELY IN THE PROCESS OF REFINANCING.
ALSO, ONE VOICE CAN CONFIRM THAT AKAM, WITH THE BOARD’S CONSENT HAS FIRED DORIS MARTINEZ EFFECTIVE TODAY.
IN OUR OPINION, THEY DID THAT SO THAT THE “INEXPERIENCED AKAM MANAGER AND HIS (CO-OP SHAREHOLDER) INEXPERIENCED ASSISTANT” CAN CONTINUE TO HARASS OUR MAINTENANCE STAFF AND TAKE CONTROL OF OUR CO-OP’S DAY-TO-DAY OPERATION WITHOUT OUTSIDE EYES. WE HAVE HEARD THAT THE FIRING OF DORIS WAS DONE WITH THE EXPRESS CONSENT OF THE BOARD PRESIDENT – WHO SHOULD HAVE HER BROKERS LICENSE REVOKED FOR COLLUSION WITH CO-OP SALES BY ZARINA (AS WAS STATED IN ARTHUR A’S POSTED RESIGNATION AS A MEMBER OF THE BOARD OF DIRECTORS. SCROLL BACK TO MARCH 9, 2022 AT 11:46AM TO READ ARTHUR’S COMMENT ABOUT THAT COLLUSION AND WHY HE RESIGNED).
YOU CAN STOP THIS BY GETTING OFF YOUR ASS AND SUBMITTING YOUR NAME AS A CANDIDATE FOR THE JUNE ELECTION.
What a sad day!
AKAM fired Doris Martinez today. For no real reason. They wanted to hide the truth of what is really going on. Doris knows all the illegal projects coming ahead and how much they want to refinance the coop for the benefits of one particular individual. Yeah, that 100M loan sounds like scam. I want to say that Doris will be missed. She was the only good thing left from the old management. It will get worst from now.
RIP Park City 3&4
In February we got a newsletter saying that we would be informed about our financial situation and upcoming projects, but it’s April and there’s been nothing since.
Every year we receive a copy of the yearly budget, but we’re already ¼ into 2022 and shareholders have no budget and no idea on our financial situation.
Every May is when we always have our annual meeting and election, but there’s no indication of an election being planned or held.
In short, we shareholders are being kept in the dark about everything. Do we have any recourse to demand what is required from some city agency?
Maybe for April fools day, they will finally release a budget for the current year and a capital management plan.
Please show all of us a schedule breakdown, a spread sheet some form of documentation, a budget or what as to what the mortgage refinance is planning on being utilized for? I would really like to know. I cannot afford an assessment on my bill right now plus a Maintence increase. This is ridiculous. What happens to being better than Mr. Jain. Who allowed for this and what is the plans with this mortgage????
No one is concerned with a refi of the current mortgage, which is fairly small. The nightmare situation will be a cash out refi, which will lead to a cash grab by the friends and business associates of certain parties. The same people who told us that the building is 2 million dollars underwater, suddenly found millions in equity they can pull for “emergency” projects. If the current in house manager and Akam are involved we will we end up paying 700$ for a bucket of paint and 12$ for each nail.
To the individual speaking re: the refinance,
We shouldn’t incur a balance that much greater than the existing mortgage balance (not including closing costs) unless a cash-out refinance is being considered at which point the current board will have to explain and account for the additional equity being added to the new mortgage balance. Aside from that, the bank is careful to lend only up to a certain amount of what the entire coop is worth, so we wouldn’t become indebted to a balance greater than the existing equity. The big risk with servicing the debt is typically the co-op defaulting on the loan payments which in most cases is usually a result of a large group of shareholders not paying their monthly maintenance payments but can also be a result of money mismanagement on behalf of the management. However, in our case, management isn’t being done in-house as it was before, we have AKAM bearing responsibility over a portion of the management, which I would assume ( I may be wrong) should serve as a check against unethical activity by the current board. If I am wrong in my analysis, please feel free to better understand your concerns.
-a shareholder.
The active issue I have is also my concern. That is the refinancing of our mortgage by the present Board members. I’m concerned with how financially indebted we may become and what might happen with the funds in the hands of these individuals. Up to this point (no matter what has been implied by their hired lawyer), we’ve been in good financial shape. I don’t believe that there is any other issue that is more important or that potentially threatens every shareholder as much as our financial stability and investment.
There are some really intelligent people posting comments to THOUGHTS and they all want to see changes in the Board and with Akam but they are not willing to step up and submit their name as a candidate.
We are going to end up exactly where we are today – or worse if Arthur works hand in hand with old Board’s attorney Robert Cecere to form a Board of old and current members. It will be an investors paradise and nothing will change for the good of resident shareholders.
SAD, VERY VERY SAD.
I’ll vote for any board member who gets rid of AKAM management. I never had any problems reaching out to the management office by email or phone before AKAM took over. I miss the Doris before AKAM took over.
You have no old leadership. You have no new leadership.
Former Board attorney Robert Cecere is having discussion with Lalit and Arthur. I believe he is negotiating for a new Board consisting of some old Board members and some current Board members and some new candidates.
Did you love the old Board?
Do you even like the new Board?
Do you think Cecere is making that contact out of the kindness of his cold heart?
Do you think Cecere is getting involved for FREE? I wonder who’s paying him?.. or will he submit a bill to the screwed up Board he is proposing, once they are in power?
Both Boards are all investor-friendly people. Remember, 5 investors factually own a 40 unit co-op in Kew Gardens. In our co-op, I’ve identified 4 groups of family-related investors who have 54 apartments. There are an additional 75 suspected investor and sublet apartments.
HOW MANY INVESTORS WILL IT TAKE TO OWN THIS CO-OP????
PEOPLE! You are all on your own. No one is coming to your rescue. You are sheep in a wolves paradise.
Want to change that? Get off your ass and run as a candidate because very likely your neighbors are waiting for someone else to do it.
SAD. VERY SAD.
Ron
LOOK on your building’s bulletin boards. There’s a March 9th AKAM notice of a potential maintenance strike on April 20th if their negotiation of a new workers contract is not successful.
Needless to say our board of directors is too busy cutting side deals than to keep shareholders informed of events that will affect our quality of life.
DO NOT VOTE FOR THOSE PEOPLE, DO NOT VOTE FOR THE OLD BOARD MEMBERS EITHER.
If you have common sense and care only about the success of our entire co-op you should apply as a candidate.
Contact Ron at parkcityonevoice@yahoo.com and tell him you want to be a candidate for the 2022 Board of Directors.
In my opinion, everyone is asking too many questions but yet not taking any action to make a difference. Is everyone just going to sit around and wait on these monsters to clean out this place financially.?? We all need to act and start demanding these things. Speak to your neighbors, and make sure in the new election you actually give your vote to honest people that perhaps care about park city 3and4 Apts, and will actually do the right thing for this place. The current board is only looking out for themselves and plotting how to clean this place out financially. Better act quick before it’s too late.!!!
no one can find out anything, no word on budget, election, legal fees or why someone who ran a jewelry stand was hired to manage the complex. Mission accomplished I guess.
Are you kidding? Rose Markov’s neighbor is the newest puppet on the Board?? NOTE: Rose has two neighbors. One a Chandra fan. The other not a Chandra fan. To One Voice knowledge, neither one has been approached by Rose to serve on the current Board. In addition, no one will know the answer to the (below) questions until there is a shareholders meeting where we can all speak out … nor do we know if these questions were posted by “outsiders” just to agitate the shareholders.
Can someone find out if the Coop attorney is charging $20k-$30 a month? Can this be true?? Are we paying over $300,000 in legal fees??
