Weekly Update 12/9/2011

[Irina Besser]

Dear Board,

 

Elevators: 601-A car No.2 is 50% complete. Major components have been delivered to the site with other additional man power coming next week to help install these large items (hoist machine). A memo has been posted on each floor to inform the progress of this car and when the elevators will be taken out of service in the other wings.   

 

Fios: This will be mentioned at the annual meeting. Verizon anticipates to have the building completely wired by December 31 and start their marketing in January. You may have been the small tubing adhered to the walls just under the old wire mold.

 

We are continuing our search for a replacement Super and additional ads are being placed.

 

The second draft of the budget has the Fannie Mae requirement in it on page # 2; please note the fios income of $110,000, Capital assessment for $200,000 and the line item transfer from reserve assessment at $246,000 plus the $67,000 from the surplus gives us the total of $624,000 which gives us more than the 10% Fannie Mae is looking for. 

 

Jeff Hower and Cynthia Reich Attended a NYARM seminar where various L11 items where discussed. One of the key issues was site safety for a building of this size.

 

Looking forward to meeting with you one Wednesday 5:30 pm on December 14,2011. 

 

 

 

Wishing Everyone a wonderful weekend,

 

Jeff & Irina

 

 

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