Tell us what’s on your mind? 
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Now all of a sudden he wants to do another bs scheme with the meters. Do you know how much our bill is going to go up using con Edison. We don’t need that boujie company we are all fine with what it is now. Enough with the fake schemes. David just be quiet and do your job stop implementing false unnecessary projects on park city. We also did not need those carpets that end up stinking and we didn’t need the elevators to become smaller and ghetto nor a mirror in it. This is not Hilton hotel.
Focus on the big picture!
In January 2023 we had a 4% increase.
In June 2023 we had a Special Assessment equal to another one-time 148%. That’s one hundred and forty eight percent [$4.35 per share]. Our 2023 maintenance was increased by a total of 152%. Don’t be fooled by the 4% and the new 4.7% – we paid an additional one and a half months maintenance in June of 2023 disguised as a Special Assessment and NO ONE has ever explained (in writing) why it was necessary.
The management keeps telling us that they need the money because there are so many repairs. They told us the same thing last year. They pat themselves on the back and tell us they are doing a good job- so why are there still so many repairs?
Not everyone’s meters are a problem or broken. Out of over 1000 apartments, how many are not working properly? Just replace those instead of spending recklessly to replace all.
Hi it’s not about the Maintence increase this year. It’s also the fact that there was a raise last year of 4% and again this year 4.7%. Doesn’t this look fishy , we don’t have big projects going on it shouldn’t only be due to inflation if that was the case it would be minimum 2 to 3 percent but for the last two years it’s too much. The board is overspending our money making decisions on what basis. Incompetent senior citizens on the board being taken advantage of by the true ones running the show.
Perhaps all NYC coops maintenance increases are higher than usual in 2024. For example, Willoughby Walk Cooperative in Clinton Hill, Brooklyn (I lived in 17 years before returning to Park City 8 years ago) maintenance is rising 5% which is its highest maintenance increase ever. Does anyone know of other coops and what their 2024 maintenance increases are? Curious...Velarie-9737#12H
They did a very cheap ghetto job on the elevator and actually is smaller now. The elevator situation was not fixed. It didn’t replace the motor and the reason why it gets stuck. How much money was spent on that?
Just so we’re clear about projects, the elevator equipment was not replaced. The individual elevator cars were not replaced. They spent a month on each elevator making it look pretty.
I don’t buy from them. Theyre prices are higher then any place else in the neighborhood. It could be a front for washing illegal money. Now I wont by lotto tickers there either.
Lottery Players BEWARE playing at vegetable store across from 9707. One of the men has a habit of not clearing the machine before entering your plays. Yes he gives you a printout but most of us just look at the total and throw the receipt away. My neighbor went there with $20 of numbers and was told he owed $24.00 as was showing on the receipt. At the top of the receipt were two Mega tickets he didn’t play. A long time ago he was playing $10 of numbers and told he owed $12.00. Again they showed him the bottom of receipt but he saw a C4L entry on top of receipt. C4L stands for Cash for Life which he didn’t play. When he showed him he said “Oh that was someone else”. Those are not accidents.
In a rush this morning I gave a $3.00 winning scratch card and played $120 Mega, Powerball, and Lotto. He scanned the scratch card and cleared machine and then entered lottery tickets. I paid the expected $120 and left. When I was in the subway I realized he didn’t give me a replacement $3 scratch card. I approached him about it tonite when I got home and he said to look at the receipt. Of course I had tossed it.
A dollar here, a dollar there, no one usually argues about it. If you have to go there – PAY ATTENTION.
Akam running park city estates and park city. Akam prices going up therefore our Maintence going up. Last think you want to do is compare to park city estates. Also keep in mind that last year for 2023 management increased maintenance to 4% and now yet another increase of 4.7%. Where did all that money go?! I don’t see very big projects going on. There should have not been a 4.7 increase since last year we had a major one.
Park city estates by the way was taking over by Zarina as well and Akam fyiiiii!!!
Easy to compare Estates to us but was Estates charged $4.35 per share for a June 2023 “assessment”.
Probably NOT!
Checked with friend in Park City Estates. Their maintenance is going up 5.46%. Anyone know of other coops in the area?
There are 9 members comprising the Board of Directors. It takes at least FIVE (5) of the NINE (9) members to agree on an action.
One or two “good board members” can’t do anything for the co-op. There were three people on the prior Board who disagreed with almost all of the excessive spending – especially the $840,000 cameras – but SIX members out-voted them and now we have meaningless cameras everywhere.
The Board took out a $30 million mortgage when they came into power. They paid off the $16 million old mortgage and then starting spending. It made them feel powerful. But then they had to beef up the piggy bank so in June 2023 everyone paid an additional $4.35 per share “Assessment”… that came to about $1.3 million dollars more in their piggy bank… and they are spending it.
The average 224 shares one-bedroom paid an extra $976 for the June 2023 Assessment and now the 4.7% increase will be an additional $31.00 a month more in maintenance in 2024. Will that feed their money-hungry mouths or will there be another “Assessment” in June 2024?
They need the 4.7% increase so that they can either balance the 2024 budget or spend more on unnecessary stuff. WHY! When we are scraping bottom, did the Board create “merit based increases for some security and staff members”?
Did your boss give you more money because you work “beyond meeting minimum requirements”? I DOUBT IT!
This will continue for as long as shareholders just sit on their hands. We need to remove this Board asap!
There is no need to get all new board members as the key is to have board members unafraid to hold management counsel and members accountable
