Laundry Room Washer Pricing

June 2, 2014 Dear Shareholders and Residents: On behalf of the Board of Directors, please be advised that effective immediately, the following price for the use of the washers was changed to $2.00/cycle for the Top Loaders and $2.50/cycle for the Front Loaders. Please be reminded to let your housekeepers know of this change when doing laundry. Thank you in advance for your cooperation.

Laundry Room Dryer Pricing

March 17, 2014 Dear Shareholders and Residents: On behalf of the Board of Directors, please be advised that effective immediately, the following price for the use of the dryers was changed to 25 cents for 10 minutes from 25 cents for 20 minutes. Please be reminded to let your housekeepers know of this change when doing laundry. Thank you in advance for your cooperation.

Board Election Results

I am pleased to inform you that the following shareholders have been elected to the Board of Directors to serve a one year term: Jeffrey Bronski, James Joyce, Ramsay Rawson, Joshua Reitzas, Avo Samuelian, and Robert Shin. In addition to the above, Neil P. Ritter will also serve as the Sponsor representative on the board.    

New Lobby Art

The new piece in our lobby is from famed contemporary artist Wade Guyton, and was generously donated for display by my board colleague Avo Samuelian from his personal collection. More than 80 of this artist’s works were featured at the Whitney Museum of Modern Art earlier this year. This New York based artist has pioneered a body of work that explores our changing relationships to images and artworks through the use of common digital technologies, such as the desktop computer, scanner, and inkjet printer. NY Times describes his work as one that “combines the abstract motifs of generic Modernism and the recycling strategies of Andy Warhol and Pictures Generation artists like Richard Prince and Sherrie Levine.” Here is a link … More >

Annual Meeting – Wednesday 10/16 at 6:30 PM

The Annual Shareholder’s Meeting will take place Wednesday, October 16th at 6:30 pm at the Friend’s Meeting House at 15 Rutherford Place. The purpose of the meeting is to elect five board members, review the annual budget and have an open discussion.

We will be serving food and wine from our own Piccolo Cafe so please come, get involved, meet new neighbors and catch up with old friends.

Piccolo Cafe 153 Third Avenue, NYC

If you’ve never attended the Annual Meeting and you wondering what happens, there is a document that will tell you everything you need to know. It can be download here.

If you are unable to attend the meeting, it is very important that you send your proxy ballot in advance or assign it to another shareholder or official representative. You can pick up a proxy ballot in the lobby or download it here. The proxy is, in effect, a power of attorney given to another shareholder or to any designated individual, to vote your shares at the meeting, and to be counted as present for attendance and quorum purposes. You can read more about the voting process and the importance of proxy ballots here.

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Annual Meeting Wednesday, October 16th

The Annual Shareholder’s Meeting will take place Wednesday, October 16th at 6:30 pm at the Friend’s Meeting House at 15 Rutherford Place. The purpose of the meeting is to elect five board members, review the annual budget and have an open discussion.

We will be serving food and wine from Piccolo Cafe so please come, get involved, meet new neighbors and catch up with old friends.

Shareholders wishing to run for the board may submit a statement of intent by the end of business day, Friday, September 27, 2013. Include a description of your background and why you would like to serve. You can read the statements that have been submitted on the candidate’s page. The board term is a one year commitment and requires attendance at the monthly meetings. Statements should be emailed to the Managing Agent, cbarnas@lovettrealty.com or faxed to 212-736-1445. As always, if you are unable to attend please be sure to give your proxy ballot to another shareholder.

If you’ve never attended the Annual Meeting and you wondering what happens, there is a document that will tell you everything you need to know. It can be download here.

Operating Budget and Maintenance Fee Increase

The audited financial statement was recently distributed to all shareholders and discussed at our open shareholders meeting on May 1st. Based on actual results through December 31, 2012 our surplus in 2012 and the balanced budget for 2013 were a result of an increase in our transfer fee activity. In an effort to reduce our reliance on this line item and use these funds primarily for our reserve fund which funds future capital improvements, the transfer fees will be phased out from our operating budget over the next few years. To compensate for this realocation, the Board has approved a 1.50 % maintenance increase, effective September 1, 2013. The Board’s primary objectives are to maintain all aspects of our building, … More >

EXPANDED RECYCLING PROGRAM

New York City’s recycling program was recently expanded to include rigid plastics. Although many of you have already been recycling rigid plastics, New York City has officially included any plastic item that is stiff in nature. Examples of rigid plastics include: Plastic bottles, jugs and jars Rigid plastic caps and lids Rigid plastic food containers (yogurt, deli, hummus,, dairy tubs, cookie tray inserts, “clamshell” containers, other plastic take-out containers) Rigid plastic non-food containers Rigid plastic packaging (“blister-pak” and “clamshell” consumer packaging, acetate boxes) Rigid plastic housewares (flower pots, mixing bowls, plastic appliances, etc.) Bulk plastic (crates, buckets, pails, furniture, large toys, large appliances, etc.) We thank you in advance for your cooperation in following these guidelines which will help to … More >