Monthly Archives: August 2013

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 >