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				<title><![CDATA[Cooperator - Articles - 2006 Jul]]></title>
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					  <title><![CDATA[Q&amp;A: Too Powerful Prez?]]></title>
					  <link>http://cooperator.com/articles/1812/1/QampA-Too-Powerful-Prez/Page1.html</link>
					  <description><![CDATA[I am on the board of my Ridgewood, Queens co-op, and I have a problem with our
 current board president. Without consulting the other board members, the
 president has cancelled our upcoming meeting, saying that there is &#8216;nothing on the agenda&#8217; despite the fact that I personally submitted three items to discuss in recent
 weeks. I managed to convince three of my fellow directors to hold the regular
 meeting anyway, but our president leaned on them to skip the meeting, then
 notified our co-op&#8217;s attorney and accountant and instructed them not to attend, effectively
 squashing the entire endeavor. Our president also signs service and
 construction contracts without getting more than just one or two bids and
 presenting them to the board for approval. Last year, the president
 unilaterally appointed our treasurer to run annual meetings, in the event the
 president was unable to attend&#8212;bypassing our vice president and disregarding the rest of the board. Is this
 kind of behavior simply unethical, or is it patently illegal?  ]]></description>
					  <author>no@spam.com (John Van Der Tuin)</author>
					  <pubDate>Thu, 06 Nov 2008 15:33:35 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1812/1/QampA-Too-Powerful-Prez/Page1.html</guid>
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					  <title><![CDATA[Q&amp;A: Washing Machine Woes]]></title>
					  <link>http://cooperator.com/articles/1815/1/QampA-Washing-Machine-Woes/Page1.html</link>
					  <description><![CDATA[ I&#8217;m a resident co-op shareholder, and despite the clearly stated bylaw that
 washing machines and dryers are not allowed in my building, the resident board
 president living underneath me illegally has not one, but both appliances in
 his apartment. When he uses them, my water pressure becomes uselessly low&#8212;coupled with the fact that it drives up water prices, the situation is terribly
 unfair. How can this upsetting predicament be decisively&#8212;but delicately resolved?  ]]></description>
					  <author>no@spam.com (Richard T. Walsh, Esq.)</author>
					  <pubDate>Thu, 06 Nov 2008 15:20:50 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1815/1/QampA-Washing-Machine-Woes/Page1.html</guid>
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					  <title><![CDATA[Q&amp;A: 80/20 Rule]]></title>
					  <link>http://cooperator.com/articles/1814/1/QampA-8020-Rule/Page1.html</link>
					  <description><![CDATA[I am the current board president of a 48-unit Housing Development Fund
 Corporation (HDFC) co-op located in Manhattan. Recently, in an effort to
 bolster operating income, without increasing maintenance assessments, previous
 boards had decided not to sell 6 vacant co-op-owned studio apartments in our
 building. 
  ]]></description>
					  <author>no@spam.com (Gregory J. Carlson)</author>
					  <pubDate>Thu, 06 Nov 2008 15:19:25 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1814/1/QampA-8020-Rule/Page1.html</guid>
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					  <title><![CDATA[Q&amp;A: Voting Question]]></title>
					  <link>http://cooperator.com/articles/1813/1/QampA-Voting-Question/Page1.html</link>
					  <description><![CDATA[Late last year, our board decided to make changes to our bylaws by an act of
 resolution; a move not authorized by our governing documents. A group of
 shareholders called a special meeting to oppose the changes, and they were
 voted on the following spring. Although a majority of shares voted, the changes
 were not approved by the 75 percent of shares necessary&#8212;and neither were they rejected by the 25 percent needed to deny the changes.
 Many shareholders didn&#8217;t vote in the mistaken belief that not voting was the equivalent of a &#8220;No&#8221; vote. Since then, the board has kept the voting open in an attempt to approach
 the non-voting shareholders. The question is: how long can this continue
 without a resolution? Can the board keep the voting open on this indefinitely?  ]]></description>
					  <author>no@spam.com (Eric M. Goidel)</author>
					  <pubDate>Thu, 06 Nov 2008 15:17:48 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1813/1/QampA-Voting-Question/Page1.html</guid>
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					  <title><![CDATA[A Successful Experiment in Living]]></title>
					  <link>http://cooperator.com/articles/1303/1/A-Successful-Experiment-in-Living/Page1.html</link>
					  <description><![CDATA[Nearly 150 years ago, the grounds of Parkchester in the Bronx served as a shelter for New York City&#8217;s homeless children. It was a place where kids could learn a trade and get a second chance. Today, Parkchester is enjoying its own second chance, a revitalization befitting of a place that once served as a model of planned community living. ]]></description>
					  <author>no@spam.com (Elizabeth Lent)</author>
					  <pubDate>Fri, 01 Jun 2007 13:01:02 EDT</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1303/1/A-Successful-Experiment-in-Living/Page1.html</guid>
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					  <title><![CDATA[It's All About Trust]]></title>
					  <link>http://cooperator.com/articles/1307/1/Its-All-About-Trust/Page1.html</link>
					  <description><![CDATA[ Once an estate planning operative for only the rich and
 famous, trusts are commonly used today to facilitate estate planning for
 everyone. While empty-nesters downsize and seek out residences that are
 more maintenance free&#8212;such as co-ops or condos&#8212;they are also
 seeking to create an estate plan that insures a distribution of their
 assets with minimum tax consequences. Accordingly, co-op boards are
 increasingly faced with requests to approve transfer of ownership of co-op
 apartments to trusts. What are the ramifications of such transfers, and
 what should a board do when faced with such a request?
]]></description>
					  <author>no@spam.com (Al Pennisi)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1307/1/Its-All-About-Trust/Page1.html</guid>
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					  <title><![CDATA[Superbroker]]></title>
					  <link>http://cooperator.com/articles/1306/1/Superbroker/Page1.html</link>
					  <description><![CDATA[ In New York, buying and selling real estate is almost a
 contact sport. The hours are long, the stakes high, the customers savvy and
 demanding. In a city of eight million people, there are thousands of real
 estate brokers, but only an elite handful who successfully operate in the
 stratosphere, brokering multimillion-dollar deals, managing rosters of
 super-rich clients, and handling some of the most breathtaking residential
 properties on the planet with aplomb.
]]></description>
					  <author>no@spam.com (Greg Olear)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1306/1/Superbroker/Page1.html</guid>
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					  <title><![CDATA[The Color of Money]]></title>
					  <link>http://cooperator.com/articles/1305/1/The-Color-of-Money/Page1.html</link>
					  <description><![CDATA[ All of the city services that co-op and condo owners
 enjoy come with a price and the agency that is generally the keeper of
 those very large purse strings is the New York City Department of Finance.
]]></description>
					  <author>no@spam.com (Debra A. Estock)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1305/1/The-Color-of-Money/Page1.html</guid>
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					  <title><![CDATA[Brokers & Bankers]]></title>
					  <link>http://cooperator.com/articles/1304/1/Brokers--Bankers/Page1.html</link>
					  <description><![CDATA[ Nearly 100 percent of New York City co-ops have an
 underlying mortgage of anywhere from a few thousand dollars to millions of
 dollars. If you own a co-op, having an additional multi-million dollar
 mortgage hanging over your head might sound like an alarming prospect. You
 might be surprised to learn that while homeowners generally pay off their
 own mortgages in 30 years or less, very few co-ops have paid off their
 underlying mortgage. Because of that, many buildings are forced to
 refinance when the term of their current loan comes to an end. Co-op board
 members looking to refinance will then turn either to a mortgage broker or
 a mortgage banker (or lender) to lead them through the process and obtain
 the financing they need.
]]></description>
					  <author>no@spam.com (Charles Ciolino)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1304/1/Brokers--Bankers/Page1.html</guid>
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					  <title><![CDATA[Future World]]></title>
					  <link>http://cooperator.com/articles/1302/1/Future-World/Page1.html</link>
					  <description><![CDATA[ Most of us don&#8217;t like to spend a lot of time
 contemplating our so-called &#8220;final wishes&#8221;&#8212;we&#8217;d
 much rather leave planning our wills and executing our estates for another
 day. Uncomfortable as the subject is for many people however, it&#8217;s
 vitally important to make those decisions now, rather than waiting until it
 may be too late. The issue of estate planning is especially important when
 it comes to the right of transferring co-op shares or leaving a beneficiary
 your condo apartment.
]]></description>
					  <author>no@spam.com (Lisa Iannucci)</author>
					  <pubDate>Wed, 31 Dec 1969 19:00:00 EST</pubDate>
					 <guid isPermaLink="true">http://cooperator.com/articles/1302/1/Future-World/Page1.html</guid>
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