Riverbay Board of Directors Election In-Person Voting Today, Saturday, July 12, 3-8 p.m. See back page for details!
Vol. 60 No. 28
July 12, 2025
$1.25
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Riverbay Board Election Extended to July 28 1,780 More Ballots Needed for Quorum
By ROZAAN BOONE The 2025 Election Committee announced the extension of the Riverbay Board of Directors’ election on Tuesday, July 8, when it became evident that the number of ballots turned in by shareholders were insufficient to validate the election. This year’s quorum is 5,041 and, as of Tuesday, July 8, 3,261 ballots were received, leaving 1,780 outstanding. Of the 3,261 ballots so far recorded by YesElections, 34 were cast online and 3,227 are paper ballots. The new deadline for shareholders of record who have not yet voted in the Board election, is Monday, July 28, at 9 p.m. Ballots can be returned by US Mail or deposited into the Riverbay Corporation ballot drop boxes in the three community centers. Ballots must be included in the provided postage-paid, pre-addressed envelope to count in the election and shareholders are advised to read their ballot letter keenly and follow the directions carefully to ensure their ballot is not disqualified. Completed ballots must
first be placed in the “Secret Ballot Envelope,” sealed and then put into the postage-paid envelope. The postage-paid, pre-addressed envelope has a unique bar code imprinted on the front of the envelope which is used by the election vendor to validate the ballot and maintain the integrity of the election results. During the Board election, the official ballot drop boxes are maintained by YesElections. Completed ballots cannot be returned to Riverbay Corporation so they should not be dropped into the carrying charge boxes or given to a Riverbay employee. Shareholders are reminded that due to a change in Private Housing Finance law 13-c, as interpreted by the New York State Homes and Community Renewal Housing Management memo #2023-B-11 dated Sept. 24, 2023, ballots must be cast in-person, by absentee mail-in or dropped in the secure ballot box in the community centers. There is no option to vote online. In-person sessions were held in June – the first at the Annual Shareholders’ Meeting on Wednesday, June 25, from 6-10 p.m. in the Dreiser Auditorium, followed (Continued on page 4)
Message from the 2025 Election Committee
Quorum Update
As of press time Friday, July 11, 3,261 ballots were received by YesElections for the 2025 Riverbay Board Election. Returned ballots include 34 electronic and 3,227 paper ballots. One thousand, seven hundred and eighty (1,780) ballots are still needed to reach quorum. Please cast your ballot by placing it in a secure Riverbay Corporation ballot box located in the three community centers, or in a US mailbox postmarked by Mon., July 28, 2025. Your Vote matters! Your Ballot is your voice. Please VOTE!
The message below is from the co-chairs of the 2025 Election Committee, Board Director Monique Coleman and Board Director Leah Graham. Election co-chair Coleman: “Earlier this week, I met two neighbors with very different experiences in Co-op City. “The first woman has lived here for three years. She recognized me from the Co-op City Times and said, ‘You’re that lady from the paper!’ She mentioned that she voted right away because she loves Co-op City. ‘Our community is beautiful and well cared for,’ she said. She previously lived in Monique Coleman Leah Graham a co-op in Yonkers for eight years, (Continued on page 5) where her maintenance was under $300
Stay Safe, Cool and Informed This Summer BY DANIELLE CRUZ
NOTICE TO ALL SHAREHOLDERS An upgrade was recently made to our Yardi System to facilitate the digital Income Affidavit process. We are now informed that, unfortunately, there was an issue with the upgrade that may have impacted the surcharge calculations. We are currently working to resolve the issue. Any shareholder who may have been affected by this incident will receive an adjustment or credit. The credit and the corrected surcharge amount will be reflected in the August carrying charge statement. We apologize for any inconvenience this may have caused. Some shareholders were assessed a 50% surcharge because of failure to submit the Income Affidavit. We are urging those shareholders to submit the completed Income Affidavits as soon as possible to stop the surcharges going forward. —Riverbay Finance Department
As we enter into summer and as temperatures reach the high-90’s, shareholders are reminded to take precautions to stay cool and hydrated. High temperatures can be dangerous, especially to older adults, children and individuals with pre-existing health conditions. Prolonged exposure to the heat and sun can lead to a slew of heat-related illnesses like heat stroke, heat exhaustion and even sun poisoning. Shareholders who are outside and looking for a place to cool down during the hot summer days can visit cooling centers, which are indoor air-conditioned places open to the public. The cooling centers in Co-op City are the JASA Centers at Bartow, Dreiser and Einstein. You can also visit https://finder.nyc.gov/coolingcenters/locations to find cooling centers in and around Co-op City. A citywide map of outdoor cooling options like outdoor pools, spray showers and drinking fountains can be found online at https://www.nycgovparks.org/about/health-and-safety-guide/ cool-it-nyc (Continued on page 2)