350 BLEECKER STREET COOP NEWSLETTER

December 23, 1987

The new board's first meeting was on December 8. All board members attended.

MAINTENANCE INCREASE

The board examined the 1988 projected expenses, and unanimously voted

to raise the monthly maintenance by fourteen cents per share or around 4%. Projected 1988 expenses rising most sharply included: real

estate taxes, up 5% (+S13,000); water and sewer, up 23% (+53,000); and payroll, up 5% (+$5,000). The increase is effective January 1, 1988. It is expected to raise an extra $28,899.36. The board hopes that the

maintenance fee increase will cover the actual costs in 1988, with about 1% extra to spare.

LATE FEES

The board voted to liberalize the late fee policy slightly. People whose monthly maintenance checks are received later than the tenth of the month will not be charged a late fee if their envelopes are postmarked by the fifth of the month. This decision was made because the post office is sometimes slower than usual in its delivery times. This policy applies to envelopes postmarked by the post office, not postage meters.

LOBBY AND HALLWAY RENOVATION

The board discussed remaining steps to take before renovation work will start. The design firm's guote for the construction has been revised approximately $20,000 upward, and the board is currently engaged in negotiation of this increase. Once the negotiations end, and the contractor(s) are engaged, we will apply to the city for approval to begin work. Because the neighborhood is a landmarks area, work may not begin until the city gives its OK.

DOOR CLOSERS

The building will have hydraulic door closers installed on all the south exit doors. Closers have already been installed on the north exit doors.

KEN NEWMAN MOVES

Ken Newman's office is moving to 488 Madison Avenue, New York, New York 10022. His new phone number is 212 319 3000. Maintenance checks and other mail should be sent to his new address, which will be printed on the envelopes he distributes.

LAUNDRY

Coinmach will be redecorating the laundry room at their expense. Robin Maya (apt. 3G) and Mark Lilien (3E) will be working out the redecorating plans with Coinmach.

OTHER ITEMS

If you have other items for future newsletters, please contact Mark Lilien, 3E. If you have other items for the board to discuss, please contact any of the 7 board members.