Tell us what’s on your mind? 
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What is the reason that no budget or any information regarding building finances have been released? I suspect they are waiting to secure a new loan on the buildings and disperse the money, so even if they are voted out, no one will have a way to get anything back. Just the “legal fees” could easily be in the range of-500k based on the rate she claimed. We don’t know when the clock started or how many hours a week they will claim was charged.
100% Concerned , IMHO about the numerous conflicts of interest to the Duty of Loyalty guidelines cited below by the new board and “our?” attorney.
One Voice posted the Duty of Loyalties in support of Arthur’s resignation. Arthur recognized that, as Directors, the Board was to work in the best interest of the corporation (our co-op) and that was not being done. So he resigned his position and intentionally informed shareholders that the Board was in violation of their fiduciary duties (the best interests of the corporation and not to benefit its Directors and friends).
Ron how can we find out how much we as shareholders are paying in legal fees to the coop attorney on a monthly basis? There are some extremely high numbers being put out there. It should be public knowledge especially to us shareholders.
Concerned shareholder
We need to refinance to pay the lawyer probably. Also David needs to be reimbursed for the “property management for dummies” book he ordered.
In support of Arthur A’s “possible” violation of a confidentiality agreement, please note the following from the National Association of Housing Cooperatives [I like this explanation]:
Duty of Loyalty
The duty of loyalty speaks for itself. Directors must act in the best interest of the Cooperative. This duty requires Directors to discharge their duties with the sort of undivided devotion and commitment to the Cooperative. The interests of the Cooperative should come first. Directors may not place their individual interests, or the interests of any third parties (i.e., family members, relatives, friends, personal or business acquaintances, or other business entities with which that director has any form of pecuniary interest in) above the interest of the Cooperative. Why is this? Members of the Board are privy to important, sensitive and confidential information of the Cooperative and its membership. The duty of loyalty ensures that the directors will not use this information for personal gain or for the gain of others which the director may have an interested in.
The duty of loyalty works to prevent situations involving conflicts of interest. Typical examples of transactions involving conflicts of interest are when a cooperative engages or contracts with a third party and where a Director has a relationship or pecuniary interest with that third party. These situations set the stage for classic examples of “conflicts of interest” or “identities of interest.” If such a transaction occurs where identity or conflict of interest is not first disclosed, and the interested director does not abstain from exercising influence over, the transaction may be subject to legal challenges or be set aside.
Common instances involving violations of the duty of loyalty occur when the Cooperative, through the acts of its Board, transacts with a third party and a Director fails to disclose a conflict of interest or identity of interest with that third party. The duty of loyalty aims to avoid these situations, and if there is an interest, that the Director who may have an interest is precluded from exercising influence over the transaction. Therefore, disclosing identities or conflicts of interest are acts that fall in line with a director’s duty of loyalty to the cooperative.
More and more I’m talking to different people and specially Russians, I realize that Zarina has really bad reputation among Russian community. I mean BAD. I guess she will have even worse reputation now and not only in Russian community. I guess the lawyer is also ready to ruin her reputation as she adores Zarina and probably has no idea who she is dealing with. I’ll never use East Coast Realty for sure and will tell all my friends and whoever I know not to do that also. We should stop this people on the board before they do any damage. My respect to Artur. We all should stand together against corruption to make our place better place to live.
Hi Ron,
What should we tell Richard Barbosa when we call his office? Are there a list of names we should NOT be voting for in 2022?
I won’t reply to this in an open format. Please contact me by email at ParkCityOneVoice@Yahoo.Com — Ron
Much respect for Arthur or any board member for trying to do what is right. I’m starting to think this new board is WORSE and MORE CORRUPT than the previous board.
Will definitely never use East Coast Realty or refer any family or friends to them. The Yelp reviews should say something about them.
FELLOW SHAREHOLDERS THIS BOARD HAS ALREADY STARTED THE REFINANCE PROCESS! WE NEED TO PUT A STOP TO THIS BEFORE THEY BANKRUPT US WITH FAKE AND UNESSARY PROJECTS!!
SAVE PARK CITY 3&4 ITS YOUR HOME ITS MY HOME
keep up the momentum Ron, you’re awesome!
Amen to “Food for THOUGHTS” comments. Let it be. Let’s do it. Enough is enough.
Someone should inform the lawyer that our complex is not called “Park City”, but rather “Park City 3 & 4 Apartments, Inc.” Maybe they should also inform her that, based on Arthur’s allegations, it’s time for her to extricate herself from what is becoming a messier situation by the day.
It also would be interesting to see what the last few Board meeting minutes reflect upon what is really going on (assuming that they’re accurate).
There was a posting about a GoFundMe page. Do NOT attempt that for the following reasons:
The funding would come from shareholder pockets;
The co-op legal fees (against me) would come from shareholder pockets;
If a judge deems the case frivolous and awards a monetary compensation to me or the Park City One Voice Tenants Association-the award would ultimately come from shareholder pockets.
DO NOT DO THAT.
I have seen cease and desist notices before. They rarely go to court.
One premise of the co-op lawyer’s “Notice” is that I did not have their authorization to use “Park City” in our association name, its website, and email address.
I replied asking if the co-op had authorized “Park City” usage for Park City Resorts of Utah, the Park City Mall in Lancaster Pennsylvania and the other Park City businesses throughout the United States?
I also pointed out that our full name is “Park City One Voice Tenants Association” formed under NYS Real Property Law Article 7, Section 230.
This should all go away like dust in the wind.
If anything, the lawyers should be concerned with the March 9th posting headed “Food for THOUGHTS” along with the potential testimony of Arthur A and Miriam from MJR Realty.
An action such as that would surely diminish the lawyers allegation of slanderous claims against the Board and its ‘agents’.
Ron
I would like to applaud Arthur A. for having the courage, moral compass and self respect to stand up for what is right and just. SHAME on the remaining Board members who look the other way. “IN MY OPINION” they remain on the Board because they are waiting for a big fat payday. No self respecting person would remain on this Board otherwise. As shareholders we will all pay for the corruption at hand. We must spread the word, unite and revamp the Board, management and all others involved. We have our homes at stake don’t let them destroy or reduce the values of our homes. Today it may be Real Estate sales tomorrow it will be refinancing our building mortgage to line some pockets.
Help yourself by informing your neighbors we all need to do our part. WAKE UP before it’s too late.Food for THOUGHTS
NY State Senate Real Property (RPP) Chapter 50 Article 12A
441-C Revocation and suspension of licenses
“The department of state may revoke the license of a real estate broker or salesman or suspend the same, for such period as the department may deem proper, or in lieu thereof may impose a fine not exceeding two thousand dollars payable to the department of state.”
“Whenever the license of a real estate broker or real estate salesman is revoked by the department, such real estate broker or real estate salesman shall be ineligible to be relicensed either as a real estate broker or real estate salesman until after the expiration of a period of one year from the date of such revocation.”
Amen
The assistant attorney general for our area is Michael barbosa. The office number is 718-560-2040. I think we will need to reach out to at a minimum open a file about what is happening. There is no way to tell what damage has been done, but it is doubtful if other board members won’t quickly flip and testify.
