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				<title><![CDATA[Cooperator - Articles - 2005 Jul]]></title>
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					  <title><![CDATA[Board Hurdles]]></title>
					  <link>http://cooperator.com/articles/1177/1/Board-Hurdles/Page1.html</link>
					  <description><![CDATA[As a financial professional who has served metropolitan New York's cooperative
community for over 25 years, I must say that this is probably the most challenging
time in recent history. Everywhere we turn, rapidly escalating costs coupled with
increased regulatory requirements result in never-ending work for board members.
]]></description>
					  <author>no@spam.com (Richard B. Montanye CPA)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1177/1/Board-Hurdles/Page1.html</guid>
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					  <title><![CDATA[Who's in Charge?]]></title>
					  <link>http://cooperator.com/articles/1176/1/Whos-in-Charge/Page1.html</link>
					  <description><![CDATA[Any transfer of ownership of a cooperative unit will require the cooperative corporation
to cancel the old stock certificate and issue a new one. Many see this step as
a simple clerical task, and often it is the managing agents that keep the stock
book and perform this mechanical task for the cooperative corporation. The act
of canceling the certificate caries great legal significance and has the potential
to cause liability for the cooperative corporation. If the managing agent does
this job for the cooperative corporation, then it is acting as transfer agent,
and in that role has the same risk of liability as does the cooperative corporation.
]]></description>
					  <author>no@spam.com (Stan Simon)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1176/1/Whos-in-Charge/Page1.html</guid>
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					  <title><![CDATA[A Penny Saved]]></title>
					  <link>http://cooperator.com/articles/1175/1/A-Penny-Saved/Page1.html</link>
					  <description><![CDATA[Everybody complains about money. It doesn't matter if you're a millionaire
or just getting by from paycheck to paycheck--everyone is on the lookout
for money saving possibilities.]]></description>
					  <author>no@spam.com (Keith Loria)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1175/1/A-Penny-Saved/Page1.html</guid>
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					  <title><![CDATA[Thinking Outside the Box]]></title>
					  <link>http://cooperator.com/articles/1174/1/Thinking-Outside-the-Box/Page1.html</link>
					  <description><![CDATA[While there's certainly no shortage of affluent co-op and condo buildings
in New York City, it's a fact that a significant proportion of buildings
are home to residents of more modest means--buildings for whom large capital
improvement projects, emergency repairs, and major maintenance increases may constitute
a significant financial hardship. For those buildings, price is definitely an
object, and oftentimes board members and managing agents are hard-pressed to come
up with creative ways to increase revenue. For those willing to do their homework
and get creative, however, there are many methods by which middle- and lower-income
buildings can increase their cash flow, build up their reserve fund, and stay
solvent, no matter what the economic climate.]]></description>
					  <author>no@spam.com (Michael McDonough)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1174/1/Thinking-Outside-the-Box/Page1.html</guid>
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					  <title><![CDATA[Refinancing in Today's Market]]></title>
					  <link>http://cooperator.com/articles/1173/1/Refinancing-in-Todays-Market/Page1.html</link>
					  <description><![CDATA[Today's economy is one, which has economists using words such as "perplexing"
and "conundrum." Making predictions as to what the economy will do
next week is difficult--trying to predict what will happen six months or
a year down the road is anyone's guess. But it's a fact that interest
rates are at lows not seen since our parents were inking their first mortgages.
]]></description>
					  <author>no@spam.com (Brian Ormsbee)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1173/1/Refinancing-in-Todays-Market/Page1.html</guid>
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					  <title><![CDATA[Voting "Yes" to Flip Taxes]]></title>
					  <link>http://cooperator.com/articles/1172/1/Voting-Yes-to-Flip-Taxes/Page1.html</link>
					  <description><![CDATA[In New York City, many co-ops and condos use a practice called a "flip tax"
in order to boost building revenue. As most co-op and condo owners know, a flip
tax is a fee paid to the building, either by the purchaser or seller, each time
an apartment is sold, or "flipped." ]]></description>
					  <author>no@spam.com (Keith Loria)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1172/1/Voting-Yes-to-Flip-Taxes/Page1.html</guid>
					</item>

				

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					  <title><![CDATA[The Mitchell-Lama Buyout Process]]></title>
					  <link>http://cooperator.com/articles/1171/1/The-Mitchell-Lama-Buyout-Process/Page1.html</link>
					  <description><![CDATA[Back in 1955, when the flight to the suburbs was going full blast and many city
neighborhoods were deteriorating from lack of money and municipal attention, the
Mitchell-Lama bill, named after State Sen. McNeil Mitchell and New York Assemblyman
Alfred Lama, was signed into law. ]]></description>
					  <author>no@spam.com (Raanan Geberer)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1171/1/The-Mitchell-Lama-Buyout-Process/Page1.html</guid>
					</item>

				

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					  <title><![CDATA[More Power to Condo Boards]]></title>
					  <link>http://cooperator.com/articles/1170/1/More-Power-to-Condo-Boards/Page1.html</link>
					  <description><![CDATA[Historically, co-op buildings have had the market cornered on board-mandated restrictions, strict bylaws, and procedural red tape, while condos have been more black-and-white:
co-op shareholders own shares, and condo owners own real estate. Co-op residents
wishing to sell their shares faced the greater possibility of board interference
in the sale process than condo owners, whose boards typically exert only the right
of first refusal when it comes to who buys into the building. If exclusivity and
"building character" is a priority for you, a co-op is probably the
way to go. If liquidity and minimal board involvement is what you're after,
you're likely a condo customer. ]]></description>
					  <author>no@spam.com (Hannah Fons)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1170/1/More-Power-to-Condo-Boards/Page1.html</guid>
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