Co-op City's official publication/ serving 15,382 member families in the world's cooperative community. Vol. 6, No. 44
August 21, 1971
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John Neubert "I did pull a mistake, and it was a beaut." This was the admission that Riverbay President Harold Ostroff delivered to a dosed session of the Advisory Council Monday. Ostroff, who is also Executive Vice President of United Housing Foundation ( UHJ.;'), IT'S THAT TIME AGAIN-George Jordan (holding ball), appeared at the meeting at the invitation of the A.C. to answer questions on the projected son of Mr. and Mrs. George Jordan of Bldg. 15B, and Al carrying charge increases. The Council aiso invited representatives of many community Samuels, son of Mr. and Mrs. Esmond Samuels, also of group to attend as observers. ----------··· · ------------Bldg. 15B, practice a little pre-season sandlot football in told the group that it was tion with the Board of Di"If 1 have insulted the at this time that he made the play area near their building. Their somewhat early . rectors, if the Council was kick-off is a welcome sign to all insatiable football fans Advisory Council," Ostroff the decision to proceed with- consulted first, as promised. throughout Co-op City. said, "I want to publicly out discussing the matter "The Advisory Council is apologize for that insult." with the Council. He should acting responsibly in a very He was referring to his have conferred with the emotional and difficult sitbroken promise to inform whole Council or the Coun- uation," he said. thè A.C. before applying for cil's Finance Committee, he The Executive Commitany further carrying charge said. At the time, however, increase after the 1969 hike he believed that he simply tee chairman further stated of 16.1;/,,. ,, (Continued on 17) did not have adequate time, Ostroff ate a Jot of crow This, he termed his basic Saturday, September 18th, will be Co-op Fund that night, but he also gave mistake. Raising Day. This was the overwhelming decision of the an explanation to Council This mistake is what Advisory Council at Monday's general session. The fonds members as to why he acted Richard Ferguson, chairare being collected to pay for the A. C.'s efforts in the without conferring with against the projected carrying charge increases. them. He said that the State Division of Housing requires The Council's ad hoc comcooperators proved the committee's recthat Ríverbay set aside appointed to study who moved into Co-op City ommendation, many Counmoney in reserve as insurthe mechanics of fund raisduring· December, 1968 and cilmen criticized the choice ance that the company will ing, recommended that date January, 1969, will receive of a Saturday for fund rais- be able to pay the interest for setting up a table in the ten new apartment car rying They noted that many on its bonds. This amounts lobby of every building in charge computer cards in Orthodox Jews would not be to approximately 25 million Co-op City. the next week. These cards, able to handle money on dollars. Ostroff said he into be used beginning SepThis is now definite, and their sabbath. However, Jack tended to find some way to tember, 1971, will show the the Council is working on Blackin, chairman of the temporarily borrow the use basic carrying charge only Finance sub-committee on of these funds to meet confinal details. (no reserve fund payments fund raising, defended the struction payments. until he The Council also approved included). proposal by contending that had time to finalize his figthe adoption of a suggested Orthodox Jews could pledge ures and discuss finances The Board of Directors donation scale of $2 per money on the fund raising decided that payments to the with the community. UnforHarold Ostroff room. A chart will be preday. reserve fund shall terminate tunately, he reported, his pared listing apartment sizes after 2~/~ years (?,O payDuring the two weeks fol- request for the temporary man of the A.C.'s Executive and suggested donations. lowing the fund raising day, use of these funds was dis- Committee, spoke about in ments). Building 1 reserve Before the Council ap- A. C. members will canvass approved by the State Hous- his introductory fund payments of cooperaremarks those who their records ing Finance Agency. This when he said: " ... you vio- tors who moved in Decemshow did not contribute. necessitated, he said, a quick lated a sacred trust between ber, 1968 and January, 1969 terminated in June, 1971 Council members hasten to shift of gears. He had to put the organization you created AC To Collect emphasize that all donations figures together immediate- and yourself. As a consequ- and July, 1971. :Funds Sept. 18 are voluntary and confiden- ly and apply for additional A Credit Computer Card ence. we are reluctant to tial. The canvassing is only monies if construction was trust your figures about the will be enclosed with the The Advisory Council for those who were ill or out not to be ground to a halt. increase and want independ- packet showing the' amount has established Saturday, September 18th, as Fund I of excess reserve fund payent verification." 'The Riverbay president ( Continued on Page ~J) ments. Raising Day. A. C. memAt this point in Fergubers will canvass for two When paying the Septemson's statement, the audiweeks after that day. N o , ence of Council members and ber, 1971 apartment carryother collections are sanccooperators who representatives from com- ing tioned the Advisory Building 24 will hold a special meeting and run-off munity groups broke into rece i ve the packet shouhl : Council. 1) Enclose one new comapplause. election Thursday, August 26th, in Auditorium C of the card. The purpose of the colCommunity Center from 7 to 9, P.:;.VL Ferguson also pointed out lection is to finance the 2) Endose the CreJ.it Two candidates tied for a seat on the Advisory Council that the Council's present Advisory Council's fight actions regarding the carat the August 2nd election, and this election was called against the e a r r y i n g 3) Endose check for che increases could to determine who will serve. The candidates are Frank charge increase. have been done in cooperaBramníck and Dan Sullivan. (Continued on Page 4)
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24 To Un-tie Tie