Newsletter #137 Acrobat file Return to archive Newsletter #139
350 BLEECKER STREET CO-OP NEWSLETTER #138
September 9, 2001
The board met on July 19 and August 14. Among the issues discussed:
SIDEWALK CLEANING
Tudor sent a bill to Ken Newman, as master lessee for the commercial space, for cleaning the snow and trash from the sidewalk. The bill is for $596.35 per month, which adds up to $114,924.60 since the building went co-op on July 31, 1985. The lease for the stores says that the co-op is not responsible for cleaning the sidewalk, but Ken Newman, as managing agent, never billed himself for this service.
YEAR 2000 AUDIT AND ANNUAL FINANCIAL STATEMENT
Marin and Montanye, our CPA firm, had trouble finishing their audit. On August 28, the board received a letter that explained, "…This delay is due in part to the Corporation's change in management and inadequate record keeping of the former managing agent. It is important to note that as a result of the change in management agents, we do not anticipate delays in future audits..." It is important to finish this audit as carefully and quickly as possible, since mortgage banks usually require this information.
The annual financial statement was posted on the web site at: http://www.350bleecker.com/policy/pdf/finance.pdf on September 7, 2001.
CONSTRUCTION
AM+G, the roofing and masonry contractor, put a lien on the co-op for approximately $22,000 they claim to be owed. The board voted to bond the lien. In the board's opinion, the work has not been finished completely or properly.
The co-op hired Sal-Mar for approximately $25,000 to install the sheet metal in September for the planters along Bleecker Street. Stainless steel air ducts for the basement and the lobby apartment air conditioners will be installed. After this work is done, the landscaping can be completed.
AIR CONDITIONER SLEEVES
AM+G refused to replace leaking sleeves, even though this is covered in their contract. Tudor is searching for an alternative contractor to do this. In the meantime, Rifo Otovic will attempt to repair leaking sleeves. If your air conditioner sleeve leaks, please call Rifo at (212) 989 1565 or Paul Morton at Tudor at (212) 557 3600.
ROOF GARDEN
A bill for $2,500 was sent to a shareholder who allowed an unauthorized roof party to be held by a sublet tenant. Three different shareholders have been billed $2,500 each this year for unauthorized use of the roof garden.
DONATIONS
The board is concerned about the roof garden congestion. If you'd like to donate anything please speak to the roof garden committee chairman, Mark Lilien, in advance (212) 929 4619.
CARPET REQUIREMENT
The board was asked to waive the 80% carpet requirement for a shareholder with an apartment on the lobby floor. The request was not accepted because:
a. noise travels to apartments above and to the side, not just to apartments below
b. the shareholder verbally agreed to the carpet requirement in her interview only a few days previously
c. the shareholder agreed to the carpet requirement in writing only a few days previously
d. every other shareholder has agreed to this rule, for everyone's protection
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