Purchasing a building’s heating oil is one of the most important decisions a board has to make. And in this era of ever-rising fuel costs, it’s also one of the most frustrating. When deciding how to pay for their buildings’ heating oil, …
Think about this the next time you throw that banana peel, plastic packaging and junk mail away: residents of New York City and its surrounding boroughs are responsible for generating 12,000 tons (that’s right…tons!) of garbage each day. Pi…
While there are a number of issues that make it to the top of the list of building managers’ and board members’ fiscal worries each year, the standout issue in recent years is energy costs. In light of rising fuel prices and increased de…
You don’t need to go too far back to be reminded about energy conservation. Remember the stifling triple-digit heat in August? The power outages in Queens due to the strain on the distribution grids? And the annual call by public officia…
It’s never easy to get people to do what’s good for them. No one wants to exercise or take cough syrup or lay off the T-bone steaks, even if they know life will be better when they do. For years, it’s been the same way with energy conser…
When Mayor Michael R. Bloomberg took office in January of 2002, he inherited a city still reeling from the September 11th terror attacks—and had to fill the not-insignificant shoes of outgoing mayor Rudy Giuliani. Since then, Mayor Bloom…
Q I have a one-bedroom co-op in a six –story, 78-unit building in the Bronx on the market for $53,000 and have a prospective buyer who filled out the board application and provided the financial information required by the board. After …
Q Our six-story Queens condo is considering replacing our elevator. We have stairs, obviously, but getting up and down six stories will be difficult for some of our older unit owners. What legal obligations do we have as the board to p…
Q After serving on my board for the past two years as a vice president, I have now been elected president of my 83-unit Manhattan co-op. The equity sponsor (and 14 percent shareholder) has always been on the board, and for the last thre…
Q We have only three board members in our building. The current board has been in place for about seven years, and our shareholders would like to remove them because they’re ineffective. They failed to replace a board member who resigne…