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Regarding the By-Laws being changed – even if the change was legal, the original wording WAS violated when the Annual Meeting and election was not held in May. This change to the By-Laws came about on June 20th, more than one month after the original violation. That’s like breaking the law and then passing a change to the law you broke. It doesn’t work that way in a court of law and it doesn’t work that way for a co-op board.
To clarify comments posted on June 17th and 20th, there were bid-rigging charges filed against several Queens and Manhattan property managers and management companies many years ago. Both, our co-op and Park City Estates were mentioned in the June 23, 1999 article by the NY Times. I tried to post the link to the article without success but if you want to read the full articles type in
30 Are Charged In Bid Rigging On Co-op Work
20 More Are Charged in Bid Rigging at Co-ops
All of that happened PRIOR to Chandra being our property manager and prior to the recently voted-out Board of Directors.
Also, I believe there are specific By Laws mention of a change in the number of the “elected” 9-member Board [to just 8-members (since March) and now 7-members (after Renee’s leaving)] requiring the consent of the shareholder body before conducting further co-op business. We are looking into that.
Ron
TO ALL SHAREHOLDERS:
For what it is worth, my attorney recently wrote to the Board and co-op attorney regarding their violation of our co-op By Laws, specifically, – Article 1, Section 1 – that deals with annual shareholders meetings and elections. Apparently, that prompted the Board to remove Article 1 Section 1 from our By Laws “as of June 20th” based on the vote of 2/3rds of the current Board members. I just forwarded the Board’s notice of its removal to my attorney this evening and I’m waiting for her to look it over and to advise me.
However, I have my personal doubts about the Board’s action because there is a section in our By Laws Article X (b) that while it seems to imply that the Board can amend or change our By Laws – there are two other sections of Article X (a) (c) that have wording that appear to contradict the stated Article X (b) section.
In addition, our corporation’s Certificate of Incorporation (Section NINTH) reads:
“With respect to the transaction of certain items of business at any meeting of shareholders, the holders of more than a majority of the issued and outstanding shares shall be required to constitute a quorum, to wit…
[part vi reads] “Two-thirds or (if there are any “Unsold Shares” (as said term is defined below) outstanding) 100% of the of the issued and outstanding shares for the transaction of any business relating to the amendment, alteration, repeal or addition to the By Laws of the corporation…”.
THAT IS NOT THE LEGAL OPINION OF MY ATTORNEY! I am simply quoting what is written in our Certificate of Incorporation. You may view the Certificate of Incorporation and the Corporation By Laws in the DOCUMENTS section of this website.
Ron Migut
Got a letter in my door which indicates that the Board basically is moving the annual meeting which means that they’re moving the election date. Not even sure if they acted legally according to our bylaws which need shareholders approval. Also noticed that this is another indication that Rene Leggett is no longer on the Board. Does anyone know her and what led to her being either removed or resigned? Between the Board’s secrecy in financial matters to the nearly ½ of the Board members no longer there, I don’t know how anyone aware of the situation would vote for them again.
The proof will be on your maintenance bill soon.
To the comment below. Where is the new board proof that about Chandra, they are proposing the same tactics as him but even Worse then him. And they are so dumb that they do it out in the open!! At least Chandra did it on the low low!!
Stop with the scare tactics. Show the proof.
Show me some proof pls. You could not wait to kick out Chandra & get this new board elected. NOW, pls pls pls, show us some proof. Im tired of all the mailings, papers stuck on my dooerin the wee hours of the night. Pls show some proof. Pls. Show the proof. NOW.
Sorry about the link, I’m having trouble cutting it from the source. Basically just Google our complex and kickback indictments during September 2000, it about all the people who were arrested. This was the board that Chandra helped kick out. People forget that some of those board members got actual prison time. In my personal opinion – what the new board is doing is literally a reply of those crimes, but before it was in hundreds of thousands, now it will be tens of millions in kickback contracts. They are a little smarter, and I believe now the cash envelopes will go to Rose’s boss and her lawyer partner in crime. When she gets the biggest envelope she will tell our board who to hire, even if the job cost 3x market rate. I had tried to give them a chance, but between hiring Rose’s bosses boyfriend to manage the complex, with no experience, firing whistleblower employees, and forcing out 4 elected board members who do not want to participate in various schemes, it’s very hard to imagine these people have any integrity or intention to act for the shareholders of this coop. In the next 12 months all the people not paying attention will see the end result on their monthly bills and loss of property value, which will impact thousands of lives.
Whoever wrote the internet link on June 17th – it doesn’t work. You wrote –
https://www1.nyc.gov/assets/doi/downloads/pdf/pr0928a00.pdf
If it’s significant, please re-write it correctly or state what it is about.
They have that covered it will be all Russian approved contractors
https://www1.nyc.gov/assets/doi/downloads/pdf/pr0928a00.pdf
People forget what happened here with the prior board, people got actual prison sentences.
Don’t forget, there are only 5 voted-in board members since they hand picked two additional non-elected members. So let’s predict who’s the next to go, unless they’re all in too deep.
Yes you are correct the bylaws state 9 board members and elections to be held every May. So now what? They are laughing all the way to the bank as we foot the bill.
maybe I’m wrong but the bylaws need 9 voting members not 7, do David and Zarina get votes to get to 9?
