Page 3 - The NY Cooperator September 2019

COOPERATOR.COM THE COOPERATOR — SEPTEMBER 2019 3 Yale Robbins Publisher Henry Robbins Executive Vice President Joanna DiPaola Associate Publisher Hannah Fons Senior Editor David Chiu Associate Editor Pat Gale Associate Editor Shirly Korchak Art Director Anne Anastasi Production Manager Victor Marcos Traffi c Coordinator Michael Odenthal Staff Writer Alan J. Sidransky Staff Writer TABLE OF CONTENTS CLiMate LeGisLation and EMission issues While the ‘Green New Deal’ and other long-term climate solutions are being debat- ed at the federal level, some states and municipalities are getting in on the action as well, setting legal emissions benchmarks that will have a real impact on the lives of multifamily community residents – including those in co-ops, condos, and HOAs. PAGE 1 LocaL Law 97 Th is past spring, New York City took a huge step in confronting the threat of climate change with its own version of a ‘Green New Deal.’ On April 18, the City Council passed the Climate Mobilization Act, a package of bills aimed at getting the Big Apple to do its part in fi ghting global warming. PAGE 1 Fines and PenaLties Community living comes with lots of rules and regulations – many of which are codifi ed in largely static, hard-to-amend governing documents like proprietary leases and condominium declarations. PAGE 1 ReMoVinG a condoMiniuM owner Removing a disruptive, abusive, non-paying, or otherwise problematic tenant from a rental building is relatively easy. Doing the same thing in a co-op is also possible, though substantially harder. PAGE 16 Board Transition Community associations are microcosms of democracy, run by an elected board of volunteers trusted to make good decisions on behalf of the community as a whole. Boards make the call on every large and small issue for their constituency. PAGE 18 ON THE WEB... 421-a TaX ABateMent SPared Via ReVised Rent ReGuLation BiLL PAGE 6 WHat’s HaPPeninG in tHe BronX PAGE 6 WaLdorF Condos to Hit MarKet THis FaLL PAGE 6 IndustrY PuLse/CaLendar PAGE 4 Q&A PAGE 5 The Cooperator is published monthly by Yale Robbins Publications, LLC, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and homeowner associations. POSTMASTER: Send address changes to The Chicagoland Cooperator, 205 Lexington Ave., New York, NY 10016. ©Yale Robbins Publications, LLC 2019. All rights reserved. Application to mail Periodicals postage rates is pending at New York NY. FREE Subscriptions for Board Members, Property Managers and Real Estate Decision Makers. To Subscribe, please visit us at: cooperator.com/subscribe cooperator.com