Tell us what’s on your mind? 
- This topic has 2,108 replies, 2 voices, and was last updated 1 day, 6 hours ago by
.
-
Posts
-
Can we stop with the law suits, the new lawyer is making more money and the new board for having these lawsuits, they are wasting our money.
I hear Zarina makes a good plof . Perhaps David can invite us over to their home to eat some plof and toast to good times at Park City.
I don’t know if the problem is as much with Akam as it is with the current membership of the Board. With 4 members resigning, one of whom wrote on these pages about corruption, we should be wary of the decisions of the remaining 5. At the recent informational meeting, they sat there unable to speak up so it appears that their mouthpiece is making all the decisions. And the fact that their lawyer who gets paid for attending each meeting says that they meet every week appears that we’re being taken advantage of financially. We can debate whether the management is doing a good job or not, but there’s little to debate about the lack of competency of the Board and the money-making skills of their overseer.
Hello fellow shareholders,
I am the same writer of the comment regarding low voter turnout at the meetings. I understand there is alot of frustration with the new management and rightly so. However, there seems to be alot of focus on keeping the maintenance bill low and that is obviously something we want to maintain, but we must understand that there is a cost associated with that and that cost will be our quality of life here at Park City.
Chandra Jain was able to keep the maintenance stable but it came at the expense of neglected maintenance across the entire co-op. Filthy garbage rooms in the basement, tons of waterbugs, broken garage doors, broken basement entry doors, filthy elevators, packages piling up in the mailroom and hallways etc. We have to be willing to accept an increase in the cost of living that is proportional to an increase in the quality of life here. We need new laundry machines and the laundry rooms are disgusting and filthy. They stink like mold and stale water, the ceiling is crusty and crumbling over the tops of the machines. We can benefit from a separate mailroom for the overwhelming amount of packages being delivered and a few other things that can help modernize Park City.
If all people cry about are the elevators and the maintenance bill, you can expect the current management to do no better a job than Chandra Jain since you have set the standard so low. And again, if this is the standard by which you will judge the success or failure of the new board, then you are giving them ample space and opportunity to spend our money for their own purposes, which is the very thing that Jain was accused of doing, in which case it made no sense to get rid of him. We have to take a comprehensive approach and stop thinking about mere dollars and cents and start factoring in quality of life issues.
It’s disgraceful that the elevators in 9805 don’t work in the middle of night, due to Zarina hiring her new contractors and making new deals with them. We should have just kept the old elevator repair company, at least they were able to fix the elevators In a day or two, unlike this new bucharian Russian elevator guy. How is an old person, who cannot take the stairs, who comes home late due to an eventat night supposed to go home? Call the ambulance and go upstairs with a stretcher??
Some of the Russian shareholders don’t speak English and all the votes went to new board because of their loud mouths in Russian which the Russians believed but were fooled in the end.
The writer of the last comment has it exactly right. More than Zarina, Akam, the current management or the current board, the biggest problem is shareholder apathy. Some previous annual meetings have seen as few as 50 people showing up and a building informational meeting saw only 1 person attending! The shareholders that don’t vote are the ones that will be our downfall.
What has always stood out to me is the fact that out of the 1,000 somewhat apartments in Park City 3 & 4, only about 100 people tend to show up to the board meetings, and if we assume that each apartment has at least 1 shareholder residing in it, that’s 10% of shareholder turnout at meetings. Pathetic. Ironically, out of 9 million residents currently living in NYC, only 1 million New Yorkers voted in the last election for NYC mayor, that’s about 11% of resident turnout. Again Pathetic. Seems like most people are apathetic and it usually takes a catastrophe for people to wake up and get involved but by the time that happens, it’s usually too late. Hopefully Park City does not face the same fate as NYC.
Per the below comments outlining the expenses as a comparative for 2020 when Chandra was in office full year, to 2021 which new management took over only the last two months in 2021, therefore, within those two months in 2021 your telling me management fees increased?!! And professional fess tripled only in TWO months not one year!!! helloooooo wake upopppppppppp!!!!!
New Loan = $30,000,000.00
Paid Off prior payoff = $(-16,372,242.89)
Escrow = $(-750,000.00)
Escrow (resolution) = $(-450,000.00)
Board holding $12,427,757.11Dear share holders,
Our debt increased . However we still can manage if we are unity. According to Board Newsletter dated by August 4th, 2022, under Refinance title Board members are still holding ($12,427,757.11) . Find out the ways how we can control expense and safe building, effectively maintenance for building design life. Usually 120 years for building design life. That mean buildings are structurally sound within 120 years with regularly minor maintenance.
Make peace and not allow to creating lawsuits.
Expense 2021 2020 +’ increased
1 Professional fee 207029 64557 $142,472.00
2 Management fee>> 154323 – 106080 = $48,243.00
3 Other Administrative fee >>98935 – 87717 =$11,218.00
4 Telephone 40642 28556 $12,086.00
5 Water & Sewer 952335 992011 -$39,676.00
6 Fuel & gas 644258 621093 $23,165.00
7 Electricity & gas 381773 277886 $103,887.00
8 Wages 1577419 1609153 -$31,734.00
9 Security wage 1168552 1176017 -$7,465.00
10 Union and employee 675734 631750 $43,984.00
11 Payroll tax 122246 110424 $11,822.00
12 Worker compensation 68184 85331 -$17,147.00
13 Purchase labor 16507 0 $16,507.00
14 Insurance 484013 444946 $39,067.00
15 Permit and other 39972 37257 $2,715.00
16 Repair and Maintenance 588028 574138 $13,890.00
17 Real estate >>4478265 -4265412 =$212,853.00
18 Mortgage interest 880598 880634 -$36.00
19 Coporate Tax 22346 39085 -$16,739.00
Total Increased $569,112.00LOOK OUTSIDE YOUR DOOR the office dropped Newsletter giving 11 days to apply for Board candidacy with BIO – a picture – and 2 documents establishing residency – that could be as easy as a phone bill and a maintenance bill.
They are screwing with us. Don’t let them get away with this. Run for the Board and get them all out.
If you need help with writing a BIO or need a photo, contact me by text 718.664.3725 and we can arrange to meet in your lobby.
Ron Migut
Joe Biden= David
Kamala = attorney Emma lupa
Nancy pelosi= Zarina
Hillary Clinton= Rose
DONALD TRUMP= Chandra ❤️
i found this hilarious with the exception that at least Chandra had brains, Is smart and educated. These idiots can’t even change a light bulb. Lol They need Kamala to do all their dirty work. Can’t wait to see what happens when Kamala gets the big kick in her fat behind.❤️
Thanx Ron for your “calm down” post. Hysteria never resolves any problems. Of course it’s important to keep up with what’s going on, encourage transparency and determine what’s in our best interests as shareholders. But if I thought things were that dire and unsolvable I’d give up and relocate and certainly no one (including myself) would be running for the Board! Thanx again for keeping us and this site rational and accountable.
And the 5 right-wing members of the Supreme Court (not counting John Roberts) are the 5 remaining original members of this board.
