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• Co-op City's official publication/ serving 15,382 member families in the world's largest cooperative community.
Vo!. s. No. 14
January 23, 1971
Buildings 17, 18, 19 To Vote Tuesday I<,IRST DAY-Informal ceremonies were held on Monday 'at 11 A.M. to celebrate the inauguration of the new Co-op On A.C. Members City to Mid-Manhattan bus service. Pictured here are from left Joseph DeChalus, of Building 10; Congressman Mario
Advisory Council elections Biaggi ; Edward Marshall, Co-op City director of Community for Building 17, 18 and 19 Relations; Abe Bluestien, a Co-op City manager; Edward Arrtgoni, president of New York Bus Service; Vera Dono- will be held Tuesday, Jan'hue, editor of Co-01> City Times; and Robert Abrams, . uary 26th in the Community Bronx Borough president. Room of Building 16A- The polls will be open from 4 to 8 P.M. The candida tes are:
Borough President Inaugurates New Mid-Manhattan Bus Ser·vice
Bronx Borough President Robert Abrams braved 16degree temperatures Monday morning to preside at an informal ceremony at Dreiser Loop Shopping Center to inaugurate the new express bus service between Co-op City and midtown Manhattan. Approximately 750 coop- the number of cooperators erators used the __ew service waiting there. He communibetween 6 :30 and 9 A.M. of cated via walkie-talkie to an its first day, according to employee at the Dreiser Loop New Yorl; Bus Company of- stop. When it was necessary, a stand-by bus was disfic'nls. patched. On the second day "The express bus service of service, the system was we are inaugurating today," changed, and buses originacommented the Borough ted from both locations. President, "will go a long The new bus service goes way towards reducing the directly from Co-op City to sense of physical isolation midtown Manhattan making felt by many residents of stops on Fifth A venue at Co-op City. It has been a 57th Street, 50th Street, major priority of my admin42nd Street, 34th Street and istration to come up with 23rd Street. Buses will recreative, constructive proturn to Co-op City from posal" to meet the transporta tio n needs of the people r f Manhattan making pick-ups along Madison Avenue at Co-op City." 23rd Street, 35th Street, Other notables attending 43rd Street, 51st Street and the ceremony were: Con58th Street. gressman Mario Biaggi ; AiThe one-way fare is $1, leen Ryan, Bronx Councilbut a ten-trip ticket may be man at Large; Edward Arpurchased for $8.50. These r igoni, president of New tickets are available only on Y ork Bus Service; Mario Mondays between 6 and 10 Tarsis, president of the Bureau of Franchise; Theodore A.M., and are good only for Karagheuzofî, Commissioner the week they are purchased. of Traffic; John Kaiser, as- Cooperators may buy them sistant administrator of the in the lobby of the Community Center. New York City Transportation Administration; Abe Bluestein, a Co-op City manRiders p¡eased ager; and Edward Marshall, These comments were ofCo-op City director of Com- fered by riders on the new munity Affairs. Manhattan Express bus serMuch effort was expended vice on its first day. to insure convenient service Al Testa, Building llA: to cooperators on the first day, according to a bus com"Absolutely marvelous! I pany spokesman. For ex- took the bus to and from ample, a bus service em- 35th St. In the morning ployee was stationed at the there was some traffic and it Asch Loop stop to report took nearly an hour but in
Building 17 25 E Fred Bailin 18 J Emery Brown 31 L Luther Ford ie c Mrs. Pat Friedman Mrs. Francis Irizarry 16 B Building 18 Frederick Beck Jack Brackin Milton Forman Aaron I íarris Joe Miller Philip Rosenzweig
3 L 20 E 20 B 20 c 4 H 29 F
Building 19 Abraham Battino 27 L Mrs. Lennie Greenberg 18 H Irving Nusynowítz i6 B Mrs. Eva Pellman 21 B Philip Reed 33 L Saul Wallach 31 C the evening I reached Co-op City in a half hour. The only thing I would recommend is more stops once the bus reaches Co-op City." Eileen Grosser, Building 5: "Wonderful! I got on at 10 past three at 43rd St., and got off at Co-op City at five to four. We had no problems at all. The ride was enjoyable; the seats were comfortable." Rubin Messing, Building 10: "I was very happy with the bus service, and I made very good time. The bus driver was so nice and polite, I took down his name • .. Anthony Romano. We had a slight traffic tie up, but Mr. Romano got us to our destination on time. I'm delighted with the service. I hope it continues as long as Co-op City exists.
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Cooperators of Co-op City are entitled to deduct interest and real estate taxes paid on their apartments from their 1970 income taxes. The percentages allowable for 1970 are more than one percent higher than 1969 and amount to 81-4:i percent. The tax law provides that l. Deduct your reserves each tenant-cooperator may deduct his PROPORTION- fund payments ( 50 cents per ATE share of interest and room) from your monthly (includes utility real estate taxes paid by rent charge). Riverbay Corporation. 2. Multiply the resulting These deductions are availfigure by the number of · able only if the taxpayer itemizes his deductions and months you resided in Rivdoes not take the optional erbay (Co-op City) during the year 1970 to obtain the standard deductions. The deductions available amount of rent paid. to each tenant-cooperator 3. Multiply the amount obfor 1970 are: tained in (2) above by the REAL EST ATE TAXES: percentages shown opposite 18.95 percent of rent paid Real Estate Taxes and Infor 1970. terest. Th es e a re th e INTEREST: 62.50 per- amounts you are permitted cent of rent paid for 1970. to deduct on your income tax To compute deductions, co- return if you itemize deducoperators should take the tions and do not use the opfollowing steps: tional standard deductions.
erritt Moves Up; New· Manaf!er Named Mr. Harold Ostroff, President of Riverbay Corporation (Co-op City), announced the appointment of Mr. Arnold Merritt as assistant to the president of Rievrbay, and recommended Mr. Edward Aronov to replace Mr. Merritt as General Manager of Co-op City, the world's largest housing cooperative. The Aronov's broad experience change would take effect on of close to twenty-five years March 1, 1971. 1\fr. Aronov in housing and public adis currently a Deputy Asministration makes him unisistant to Mayor Walter quely qualified for this treWashington of Washington, mendous responsibility," Mr, D.C. Ostroff stated. Mayor Washington, in a In recommending Mr. Aronov's appointment, Mr. letter to Mr. Ostroff, wrote, Ostroff noted that the pro- "Mr. Aronov is a man of jected population of Co-op integrity, high moral standCity is 55,000 and compared ards, competent and experithe role of General Manager enced in the housing field. to that of a mayor. "We It is my privilege to support looked for someone with his candidacy for a position public a-Iminiatration experi- with your organization." ence, one who would be sen- The Mayor also noted Mr. sitive to the many and varied Aronov's "great skill and sensitivity" in administraproblems inherent within (Continued on Page 7) any urban community. Mr.