In 2 separate elections, a very large minority (2/3 of the apartments less 1) has mandated the board to pursue privatization. the 1/3 includes empty apartments and presumed illegal sublets thus leaving way a very small minority who are opposed to privatization. The Mitchell Lama program cleverly gives us the right to leave the program.The reason buildings were allowed to leave ML is because the framers of the ML law realized that after decades, these building will need expensive repairs.

The harsh reality is the state and city governments are facing budget crises. There is not going to be the public monies to help us pay for repairs that the politicians who came to the anti’s aid promised. In order to make needed repairs (plaza reconstruction, elevator modernization, garage, plumbing, etc.) that we have put off way too long, major assessments will be required. The plaza alone could result in a $500 – $1,000 monthly assessment on top of the current window assessment. Going private would pay for these repairs.

I say let’s vote again. A new Black Book would only need to be modified, not re-done from scratch.