Once again, a group who I have to assume is associated with the Anti’s is obstructing the work of the board and fighting anything that will benefit East Midtown Plaza.
I was not a fan of the board’s amendment to force cooperators to have property and liability insurance due to the additional costs to be borne by the cooperator. Upon gathering information, I realized that this action, although sure to be unpopular is beneficial to East Midtown Plaza and cooperators. The original Occupancy agreement states that the cooperator is responsible for water damage. This means that if there is a fire and the fire departments comes and sprays gallons of water in your apartment or an adjoining apartment, the water storage tank on the leaf breaches or one of our 40+ year old steel pipes springs a leak, the tenant may be responsible for tens of thousands of dollars in repairs. Without adequate property insurance, this will come out of the cooperators pocket! Forcing the cooperator to have insurance in place will also prevent the cooperator from coming after EMP for these repairs thus saving our co-op time and money to defend lawsuits.
Additionally, forcing the cooperators to have liability insurance will probably reduce EMP’s insurance premiums.
All good, right?
But once again the obstructionists have found a lawyer to comment on what they claim the board has improperly done and probably will file a suit against EMP. Every year at the EMP annual meeting, one or more of the anti’s gets up and complains about the high legal expenses. Don’t they get it that if the anti’s didn’t fight everything the Board does or the overwhelming majority of your neighbors want, EMP would not incur huge legal bills to defend the suits the obstructionists bring?
There will always be dissenting opinions on any decision. If a small minority fights every decision the majority-elected board decides on, the only result will be nothing getting accomplished.
The EMP bike rooms will be re-painted and renovated. It’s definitely overdue. The increase from $25 to $60/year is a bit steep. Encouraging use of bikes and green transportation should be encouraged! Although, we suppose the increase will encourage people to get rid of their old broken-down bikes that haven’t been used in 10 years!
Love Cafe and Bar is at 430 Second Avenue (between 24th and 25th Street) opened on Sunday, May 18. Interesting-looking menu. We can’t wait to try it. MENU-Love Cafe and Bar
Good luck and love, love, love.
Per a Memo from the Board today, EMP’s mortgages and Amalgamated loans have been re-financed at a lower rate which will save EMP a great deal of money and provided $15 Million to be used for capital projects and push back the day assessments are required if we do not go private. Congrats to the Board. May 21 Refinance Memo