Tell us what’s on your mind? 
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Everyone has to show up for the Tuesday, July 26th “Informational Meeting of Shareholders”. Be sure to speak up and ask questions. Sitting in the crowd and waiting for someone else to speak up does nothing for you and anyone else.
The fact that they chose a summer evening is deliberate. They think the heat, humidity and mosquitos are going to keep us away. Bring a bottle of water and wear long sleeve shirts, deet spray, and a hand fan or piece of cardboard.
I don’t know how Many shareholders on this site actually care for Park City 3&4 but unless you come up with a better plan these bastards will keep winning. You need more than this site. You need shareholders that truly care about this Co-op to campaign just like they did. Knock door by door and explain to the shareholders what these puppet masters are doing and what will happen if they don’t take action soon.!!
The only reason they got that loan is because Akam is behind them and protecting all the shady and corrupt business they are handling. I really feel bad for some of the shareholders that don’t know any better or speak the language so the main Russian, Zarina, convinced many of them to sign a fake proxy. That loan ain’t to protect any of park city stability and well being at all.!!
that loan was taken so Zarina can split it with her best friend the attorney. Lol Rose her puppet and the clueless General Manager with no Management experience that hides behind his fake consultant Scott. The truth always comes to light and bad evil people will get what they deserve in the end.!!!
The loan is secured with a lien on the complex, certainly they did need to tell the bank the money is for upgrades, the question shareholders need answered will be how honestly/dishonestly will the money be used, are we spending 30 million on 10 million worth of work, or will the money be used to maximum benefit of the complex, not kickback schemes, legal fees, fake consultants and steered contracts. So far from what I have seen happen with choice of manager,consultants, multiple board resignations due to claims of illegal activity and a dozen other issues, I’m not very confident. Hundreds of shareholders are at risk of life changing consequences, people need answers before the damage is done.
Banks don’t hand out loans without a plan and outline fir how the loan will be used. We just haven’t been informed yet.
To the below comment, we do not know the conditions, consultant fees, or planned use for this money. Did they borrow the maximum possible without any idea how to use it or do they have actual plans with estimates, I suspect the first option. In my humble opinion is the problem with electing a board (almost half of which has resigned already) who have no idea what they are doing, who are acting as puppets of a real estate broker for whom the board president is financially dependent.
What kind of bank gave this co-op (or any other in RP or FH) 30,000,000,00 in this economy.
Board President Rose Markov is a real estate agent working for Zarina and she is now doing the interviews for new shareholders that are using Zarina’s real estate company. This is a clear conflict of interest! If a new election is not held by October, we need to get the appropriate agencies to investigate all the inappropriate actions (such as changing our bylaws without shareholder approval, not giving financial statements, etc.) of the remaining Board members.
IT’S OFFICIAL!
The co-op corporation closed out our Mortgage with Wilmington Trust National on June 13th and took out a new mortgage on June 30th for $30,000,000.00 with the National Consumer Cooperative Bank in Arlington Virginia according to ACRIS filings of July 8, 2022
Park and Playground should open Morning 6:00AM to 9:30PM.
After the cheap shot of the Board deliberately invalidating our By Laws Article 1 Section 1 (elections and annual meetings) just to remain in power – the One Voice Tenants Association membership grew by 63 more RESIDENT shareholders.
Ron
If true these people canceld election just to be longer on board then I want being on new board to get them all out of this co-op and make them sell there apartments. Now we throw all trash out.
THE BOARD HAS NO AUTHORITY TO REPEAL THE BY LAWS. It takes a75% vote of the outstanding shares – at a meeting held for that purpose.
That is clearly stated in both By Laws and the Certificate of Incorporation.
That’s just another example of their incompetence and lack of leadership and failure of their legal representation.
I hope a replacement Board will hold all parties who voted for the repeal as acting in Questionable Conduct of the shareholder body and move to revoke their Proprietary Leases.
More facts – we now have 4 people, plus a fake consultant, plus Akam, doing the same amount of work (incompetently, I’m most peoples experience), that 3 people were doing in the management office. The payroll and management cost is likely a multiple higher then last year, which is another reason they are not releasing financials.
We are taken seriously when we stick to the undisputed facts, so here are just some of them:
It’s a fact that 4 of the original 9 Board Members left the Board within the first 6 months. It’s a fact that shareholders never received a budget for this year. It’s a fact that shareholders have not been told why we needed to borrow $15,000,000 or how it will be used. It’s a fact that Doris was fired and threatened with eviction. It’s a fact that Management and the Board President have a connection to the real estate agent who orchestrated the creation of our present board.
One thing that is not yet a fact is that the present board members will be voted out in just a few short months. Apathy among shareholders will be the greatest asset to the status quo. There are already several highly qualified shareholders that have said that they will run. A new and fair election with all shareholders participating will make the difference.
