Riverbay Board of Directors Election Supplement (see pgs. 23-30)
Vol. 58 No. 17
Saturday, April 29, 2023
New Riverbay Executive General Manager Brings Extensive Housing Management Experience to Co-op City BY ROZAAN BOONE
$1.25
2023 Riverbay Board Election Ballots Mailed Voting period is Monday, May 1 – Friday, May 26, 2023 BY ROZAAN BOONE
Marvin Walton, a senior executive housing management professional with more than two-decades of experience, has joined the executive management team at Riverbay Corporation as successor to Douglas Elliman Property Management’s Bob Klehammer who will be retiring on May 18th. Mr. Walton began his Riverbay tenure on April 17, 2023, and has spent the ¿UVW WZR ZHHNV PHHWLQJ ZLWK WKH H[HFutive management team members, Riverbay Board directors and department directors, to familiarize himself with the core business functions of the corporation, and each department’s respective role within management and in
2I¿FLDO EDOORWV IRU WKH 5LYHUED\ %RDUG RI 'LUHFWRUV HOHFWLRQ DUH EHLQJ mailed by YesElections to Co-op City households and shareholders are reminded WR NHHS DQ H\H RQ WKHLU PDLOER[HV IRU WKHLU DUULYDO Riverbay’s independent election vendor, YesElections, began mailing ballots RQ 7KXUVGD\ $SULO 7KH JUHHQ EDOORW HQYHORSH KDV D EODFN ER[ DW WKH ERWWRP Marvin Walton (Continued on page 2) ULJKW KDQG FRUQHU ZLWK WKH QRWDWLRQ ³5LYHUED\ %RDUG (OHFWLRQV 2I¿FLDO %DOORW ´ 7KH HQYHORSH FRQWDLQV WKH RI¿FLDO EDOORW IRU VKDUHKROGHUV WR YRWH in the 2023 Riverbay Board of Directors election and a pre-paid, pre-addressed envelope. The 2023 voting period begins on Monday, May 1, and ends promptly at 9 p.m. on Friday, May 26. Shareholders have two options to register their votes – by mail using the return envelope Shareholders are encouraged to participate in the 2023 Riverbay Board of Directors provided with their ballot, or electronically using their computer, Election by submitting questions to be asked of the candidates at the two remaining (Continued on page 4) RI¿FLDO &DQGLGDWHV¶ )RUXPV WR EH KHOG 6DWXUGD\ $SULO 5RRP (LQVWHLQ &HQWHU S P 2022 Annual Income Affidavits :HGQHVGD\ 0D\ 5RRP %DUWRZ &HQWHU S P Questions can be submitted by email to Riverbay2023Election@Riverbaycorp.com, are due Sunday, April 30, 2023 RU E\ ¿OOLQJ RXW DQ HOHFWLRQ TXHVWLRQ IRUP DW \RXU UHVSHFWLYH &RRSHUDWRU 6HUYLFHV 2I¿FH (CSO). This option will be available until Tuesday, May 2, 2023. 6KDUHKROGHUV DWWHQGLQJ WKH IRUXPV ZLOO DOVR EH DEOH WR VLJQ XS WR DVN WKH FDQGLGDWHV D TXHVWLRQ 3OHDVH QRWH RQO\ RQH TXHVWLRQ LV DOORZHG SHU SHUVRQ $OO TXHVWLRQV PXVW LQFOXGH \RXU BY BRANDON ORTIZ QDPH DQG EXLOGLQJ DORQJ ZLWK ZKR WKH TXHVWLRQ LV GLUHFWHG WR ± LQGLYLGXDO FDQGLGDWH V RU Riverbay Maintenance all candidates. This information will be announced that the forum. is testing a new device 7KLV \HDU¶V TXRUXP LV FHUWL¿HG EDOORWV that could poten-tially alert shareholders about %H DQ HQJDJHG VKDUHKROGHU ± *HW WR NQRZ WKH FDQGLGDWHV DQG YRWH LQ WKLV \HDU¶V FRQYHFWRU OHDNV LQ WKHLU %RDUG (OHFWLRQ IURP 0D\ ± 0D\ apartment. The new device is an electronic water sensor designed to detect and SUHYHQW OHDNV IURP D convector. By connecting to the convector coil, the device can automatically BY BRANDON ORTIZ shut off the water to that *RYHUQRU .DWK\ +RFKXO DQQRXQFHG DQ LQIUDVWUXFWXUH SURMHFW WKLV ZHHN WKDW ZLOO XSJUDGH convector coil using a pedestrian bridges along I-95. motorized valve. 0RUH VSHFL¿FDOO\ WKH PLOOLRQ SURMHFW ZLOO IRFXV RQ D IRXU PLOH VWUHWFK RI URDG LQ WKH When the coil is cooled Bronx along the New England Thruway starting under the Westchester Avenue bridge by the for air conditioning 3HOKDP %D\ 3DUN WUDLQ VWDWLRQ FRQWLQXLQJ SDVW &R RS &LW\ LQWR SDUWV RI QRUWKZHVW 3HOKDP purposes in the summer, %D\ 3DUN EHIRUH WXUQLQJ LQWR 3HOKDP 0DQRU LQ :HVWFKHVWHU DFFRUGLQJ WR SXEOLVKHG UHSRUWV A water sensor device shown 7KH 1HZ <RUN 6WDWH 7KUXZD\ $XWKRULW\ LV LQ FKDUJH RI WKH SURMHFW DQG WKH DJHQF\ DZDUGHG condensation forms, above is being tested by Riverbay the contract to a Queens-based construction corporation. causing water to drip Corporation to determine its efOne of the main objectives of the project is to upgrade 11 bridges located in that four-mile from the coil. Sometimes, fectiveness in avoiding convector VWUHWFK RI URDG 7ZR EULGJHV LQ SDUWLFXODU ZLOO QHHG WKHLU FRQFUHWH GHFNV DQG VWHHO EHDPV leaks during the summer. replaced. (Continued on page 3) (Continued on page 3) Photo by Brandon Ortiz
Ask the Candidates
Convector Water Sensor Being Tested
NYS Announces Project to Upgrade I-95 Pedestrian Bridges