Tell us what’s on your mind? 
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ELECTION NIGHT
There are no election results yet. Honest Ballot is taking all of the proxies to their office and will proceed to verify the shareholder name and signatures to co-op records.
After that they will begin a count of who got what number of voted shares. The process can be several days… and then we’ll be notified.
We have 1,096 apartments in our co-op and my best guess is that there were only 200 people there. I was personally happy that many were from 9740.
Emma Lupu did say they had the required 51% of shareholder proxies, so there was a Quorum.
SHAMEFUL that those of you who stayed home would put your trust in so few people… and most that I saw at the meeting were supporters of the current Board.
I was shocked by the crookedness that can only be attributed to the current Board. There was a new shareholder with one paper headed something like “CHANDRA JAIN SUPPORTERS DO NOT VOTE” and it listed the 9 new candidates on Lalit Khanna’s slate. There was another that favored the current Board with their names in bigger print.
If the current Board has nothing to hide – why are they going to such extremes to make the new candidates look bad?
They wrote that some of them were friends with Chandra Jain. Everyone in the entire co-op has talked to Chandra Jain at one time or another – including me – but we were not friends. I used to ask questions about his conflicts… and I pissed him off every time. Friends???
I repeat – if this Board has nothing to hide – why did they try so hard to discredit the new candidates???
NOW PAY ATTENTION!
Someone was sincere in asking if the By-Laws can be changed. BE VERY CAREFUL ABOUT THAT. The By Laws actually protect you from a corrupt Board. You might ask for one thing to be changed and a corrupt Board can casually change a few other words elsewhere giving them absolute control.
When the old Board hinted at “updating” the By-Laws I warned everyone to speak with an attorney before signing an amendment to our By-Laws and put that warning in every lobby. When the old Board realized it would be an uphill battle they changed their mind and went in another direction which was to tell all of their investor friends when a Sponsor apartment or Estate Sale apartment was up for sale – and those investors bought it. The old Board’s probable plan was to take over the co-op by either changing the By-Laws or having overwhelming votes by investor friends to keep the Board in total control of the co-op. It also helped that the old Board had friends with the former Election Ballot company results favoring the Board.
With this Board be very very careful of what they say they want to do and what they really want to do.
Best example – they said we’d get a new Property Manager, We got Navid!
Who won? Please provide updates. Thank you 🙏
Park City 3 & 4 Election Newsletter
September 8th 2022Dear Shareholders,
It is time to vote! Listed below are the new candidates in the running for the 2022 Board of Directors:
Arthur Ayarloff Michael Bassanell Rajendra Jain Lalit Khanna Velarie Melvin
Ronald Migut Hesham Nouh Yakov Rybakov Adis Scelsi David Silverman
The above-mentioned candidates represent your interest – ensuring Park City 3 & 4 protects and builds shareholder equity, operates in accordance with best practices, and stays true to our vision of operating a sustainable Cooperative. Collectively the candidates bring a wealth of experience from the fields of Property Management, Finance, Taxation and Law. This slate of candidates are gravely concerned by the following actions (or lack thereof) taken by the Board:
Increased Debt:
Debt at Park City 3 & 4 has nearly doubled from 16 million to 30 million dollars despite the underlying mortgage being due in 2024. This represents a significant financial liability for all current and further shareholders.Conflict of Interest:
Directors and Officers of the Corporation do not satisfy the highest standards of conduct and integrity. Multiple conflicts of interest exist between the current Directors and the Managing Agent.Transparency:
The current Board has shown minimal effort in consulting shareholders, holding adequate shareholder meetings and failing to keep shareholders apprised of major financial decisions.Bookkeeping:
Inaccurate financial statements, illegitimate late fees, error prone maintenance billing are just some of the current day-day issues shareholders confront.Elevators:
Elevator service throughout Park City 3 & 4 has greatly degraded. The Board is responsible to ensure proper preventative maintenance is performed on a timely basis.Capital Improvements:
Additional debt was secured in advance of evaluating the MEP and Building needs of Park City 3 & 4. Current projects do not bring value to the Cooperative and are improper use of funds.Legal Representation:
The Board has over relied on the services of Legal Counsel to perform basic duties as specified in the By-Laws. The Treasurer and President have yet to provide proper updates during shareholder meetings. Legal Counsel has engaged in aggressive behavior towards shareholders.We respectfully request your vote to remove the current Board and implement the necessary changes to bring about professional property management for Park City 3 & 4.
IF YOU SIGNED ONE OF THE DOOR TO DOOR PROXYS AND – AFTER YOU READ THE BIOGRAPHIES – YOU WANT TO CHANGE YOUR VOTE.
YOU CAN CHANGE YOUR VOTE
READ THE HONEST BALLOT LETTER THAT CAME WITH YOUR PROXY. IT STATES THAT ALL YOU HAVE TO DO IS GO TO THE MEETING WITH PROOF (A MAINTENANCE BILL) AND YOUR PHOTO ID AND TELL THE HONEST BALLOT PERSON YOU WANT TO CHANGE YOUR VOTE.
DO IT BEFORE 6:30PM THURSDAY IN FRONT OF THE HONEST BALLOT PERSON.
Why don’t you all campaign? You held one event and I haven’t seen any of you collecting in weeks. How are people supposed to know you enough to vote for you?
Answer to above question:
My guess is the intelligent shareholders would want to see the printed biographies of all of the candidates before they decide on the future of the co-op. Voting on an entire slate of candidates is like buying a sealed bag of apples… some may be edible… others not yet ripe… one or two may be rotten. Also, animosity grows when they knock on your door at dinner hours.
Ron
on a side note there is a rumor going around that Navid purchased a big black pick up truck with Park City funds. It’s parked in garage A …where the maintenance keeps the lawn mowers. Can someone confirm if there is any truth to that?
Your right. They were running scared but now too quiet.
I think there friends at (the not so) Honest Ballot gives the names of all shareholders who did not mail in a proxy and maybe they already know who not voted last year and Zarina crowd could filled out proxys for all of the COULD NOT BE BOTHER SHAREHOLDERS.
They cheated every way with taking signs away and there pisture showing all over. Why not expect they would do act of fraud too.
Talk to people in your building. Ask them if they voted? Tell them you think if they not voted that maybe someone signed there name on a proxy. Tell them to go to the meeting and check or ask for there apt number if they did not vote or sign a proxy. Keep a list. After election if we will need it.
If one proof of one fraud proxys can stop the election and can file fraud with District Attorney.
A fix is guaranteed. They are laughing all the way to bank.
I have an uneasy feeling. Things have been going too quietly even though the election is this Thursday. Do you suppose that the fix is already in?
This is the final Monday before the Annual Shareholders Meeting and election of a new Board of Directors.
The names of the 10 NEW candidates as they are alphabetically listed on your Honest Ballot proxy are:
ARTHUR AYLAROFF
MICHAEL BASSANELL
RAJENDRA JAIN
LALIT KHANNA
VELARIE MELVIN
RONALD MIGUT
NESHAM NOUH
YAKOV RYBAKOV
ADIS SCELSI
DAVID SILVERMAN
CHOOSE WELL.
IT TAKES ANY FIVE – OR MORE – OF THE NEW CANDIDATES TO GAIN CONTROL OF THE NEW 2022-2023 BOARD OF DIRECTORS.
THE CURRENT BOARD HAS COME UP WITH MULTIPLE PROJECTS TO BE PAID IN THE FUTURE. A NEW BOARD CAN LOOK AT THOSE PROJECTS AND DETERMINE IF THE WORK REALLY MUST BE DONE NOW.
OUR BY-LAWS SPECIFICALLY STATE
“AT EACH MEETING OF SHAREHOLDERS, THE PRESIDENT, OR IN HIS ABSENCE A VICE PRESIDENT, SHALL ACT AS CHAIRMAN OF THE MEETING. THE SECRETARY, OR IN HIS ABSENCE SUCH PERSON AS MAY BE APPOINTED BY THE CHAIRMAN, SHALL ACT AS SECRETARY OF THE MEETING. SO FAR AS IS CONSISTENT WITH THE PURPOSES OF THE MEETING, THE ORDER OF BUSINESS SHALL BE AS FOLLOWS:
1. CALL TO ORDER
2. PRESENTATION OF PROOF OF DUE CALLING OF THE MEETING.
3. ROLL CALL AND PRESENTATION AND EXAMINATION OF THE PROXIES;
4. READING OF MINUTES OF PREVIOUS MEETING OR MEETINGS.
5. REPORTS OF OFFICERS AND COMMITTEES.
6. IF THE ANNUAL MEETING, THE APPOINTMENT OF INSPECTORS OF ELECTION, IF ANY.
7. IF THE ANNUAL MEETING, THE ELECTION OF DIRECTORS.
8. UNFINISHED BUSINESS.
9. NEW BUSINESS.
10. ADJOURNMENT”
THERE IS NOTHING IN OUR BY-LAWS THAT CALLS FOR ANY ORIENTATION OR DECLARATION BY CORPORATION COUNSEL.
To be on safe side-let’s get to Sept 8th meeting no later than 6:15-6:20(?)
Can the below poster please clarify their point?
A history lesson:
After WWll Russians knocked at the doors of the 15 Eastern Bloc countries. Spoke in a familiar language and became the USSR… all with the intent to convert those countries to a socialist lifestyle under communist rule.
Many of you are very familiar with that history so I’m compelled to ask you …
“Have any Russians recently knocked at your door?”
[Why would you expect a different outcome?]
So the management is up to scheming again with the election. It seems they want us to show up at 7pm but the “official proxy”says 6:30pm. So what is it? Do they want people to show up late and not be able to vote??? They are so untrustworthy!
Walking the complex I noticed a lot of confused shareholders. It’s a shame that they are allowing and trusting the current board to do whatever they want with the Co-ops money. POWER in the hands of the wrong people is dangerous.!!
i heard there is a celebration coming up soon. Guess who will be paying for it.??? Your pockets.!!!
