NYC critical mass sept 06
posted by mike piedell at 6:38 PM
Sunday, October 01, 2006
About Me
- Name: mike piedell
- Location: yonkers, New York, United States
Original resident before co-op conversion. Read your Proprietary lease. Read your co-op by-laws. Those are the documents with the true facts and rules. Every new shareholder should have been given a CERTIFIED copy of the proprietary lease and by-laws and parking rules. I had spoken to a board member he said he never received a copy of the parking rules, another said they were outdated, they are not, in fact they are written into the BY-Laws,which the Board cannot change without a super majority ruling of the shareholders. These BOD members did nothing to correct the problem, this is known as not doing their fiduciary duty, their has been a lot of that going on. If you did not receive them,best to send a certified letter with a return receipt> i believe that services will be available for sending cout accepted letters> A fax is better than a letter since they will say they never received either. With a fax you have a receipt. The owner occupied ratio is probably less than 70%. There are some great buys with Hudson River FULL views <
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