<?xml version="1.0" encoding="UTF-8"?>
<!-- generator="wordpress/1.5" -->
<rss version="2.0" 
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
>

<channel>
	<title>339east58.com</title>
	<link>http://339east58.com/wp</link>
	<description></description>
	<pubDate>Tue, 19 Jul 2011 21:45:26 +0000</pubDate>
	<generator>http://wordpress.org/?v=1.5</generator>
	<language>en</language>

		<item>
		<title>July 11 Newsletter</title>
		<link>http://339east58.com/wp/?p=113</link>
		<comments>http://339east58.com/wp/?p=113#comments</comments>
		<pubDate>Wed, 20 Jul 2011 03:15:26 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Newsletters</category>
		<guid>http://339east58.com/wp/?p=113</guid>
		<description><![CDATA[July 1, 2011
Dear Fellow Shareholders,
Our Annual Shareholders meeting was held on June 15, 2011 at the offices of CityProp Management.  
Gerald Benson opened the meeting by discussing the 2010 Certified Annual Report as well as our current financial condition.  Of substantial interest were:
•	Paid fuel bills through May 2011 totaled $62,989 vs. $38,943 during [...]]]></description>
			<content:encoded><![CDATA[	<p>July 1, 2011<br />
Dear Fellow Shareholders,<br />
Our Annual Shareholders meeting was held on June 15, 2011 at the offices of CityProp Management.<br />
Gerald Benson opened the meeting by discussing the 2010 Certified Annual Report as well as our current financial condition.  Of substantial interest were:<br />
•	Paid fuel bills through May 2011 totaled $62,989 vs. $38,943 during the previous year through May 2010. The primary reason for the increase was the substantial rise in oil prices. The price of oil per gallon in April ’09 was $1.348.  In ’10, it was $2.268.  In ’11, it was $3.39.<br />
•	Similarly, Real Estate Taxes have gone through the roof and we have just learned that ours will again increase to approximately $530,000 for the period 7/1/11 to 6/30/12.<br />
These increases, along with a projected Water Tax increase of 13%, have shattered our Budget and the Board of Directors feels quite sure that we will have an Assessment, increase in Maintenance or some combination no later than September 1, 2011.  Please remember that we did not raise maintenance or invoke an assessment this year hoping to be able to keep the status quo.  The City of New York, oil barons and speculators have seen to it otherwise.<br />
As to the heating fuel situation, Bruce Rittenberg of Citiprop Management advised that the building will have to comply with NYC’s new requirement to eliminate usage of #6 oil.  He is looking into the conversion to gas instead of oil and due to regulations; this will have to be accomplished quite quickly.  Ultimately, the switch will probably reduce our heating bills but the cost to make the changes will be relatively substantial some of which might be paid by providers such as Hess and Con Ed. We will advise further as more details are finalized.<br />
The Board announced that we would be participating with others to allow a temporary art display on our water tower.  The display is actually a wrap around so the tower will not be affected physically.<br />
No decision has been reached regarding the naming of our building.  The two most popular names at this time are “Eastman 58” and “The Westcott”.  (It has been determined that “Sutton View” is already taken.) If you haven’t made your thoughts known about this entire idea, please do so to gbenson339@verizon.net.<br />
Another matter discussed was the increased awareness of different residents in the building. It was pointed out that we do permit sublets and short term guests (as defined in the Prospectus and House Rules).   The security precautions have been heightened and it is absolutely necessary for pre-approval of guests. If you notice anything peculiar, it is vital that you advise the Superintendent or Management promptly. Specifics are mandatory.<br />
The election for the Board of Directors ensued.  The only nomination from the floor was for the current Directors who ran as a slate.  They were unanimously reelected.  The individuals and their corporate positions are:<br />
Joanne Agoglia, Treasurer<br />
Gerald Benson, President<br />
Raymond DeMarco, Vice President<br />
Clara Diaz, Vice President<br />
Steven Fabrizio, Vice President<br />
Robert Kantor, Secretary<br />
Mary McNenny, Vice President<br />
REAR COURTYARD IMPROVEMENTS<br />
The rear courtyard continues to improve and we hope that all residents will take advantage of the new surroundings.<br />
REMINDERS</p>
	<p>AIR CONDITIONERS: Installation of Air Conditioners must have Board approval.  Also, Air Conditioners and Gas appliances must be installed by professionals with appropriate insurance.  Please do not ask building personnel to make the installation.<br />
WEBSITE:  www.339east58.com has been updated.  We’d appreciate your comments.<br />
TRASH:  Please be good neighbors; take your trash to the basement if you are unable to fit it in the compartments provided. Leaving such matter on the floor can cause a serious injury and/or invite pests and vermin.<br />
BEDBUGS: We are sure that you have heard that after practically disappearing, bedbugs are staging a comeback in apartments, hotels and homes throughout the United States.  Newspapers, TV etc., continually warn us of this growing problem.<br />
The bite of the bedbug is not considered dangerous and has been compared to being bitten by a mosquito leading to a small reddish welt, irritation and itching.<br />
We are not aware of any problems at this time in our building.  This notice is being provided to you so that we have a standard procedure that you can follow if in the future, you believe there might be an infestation in your apartment.<br />
If that occurs, it is imperative that you give immediate notice to the superintendant and managing agent.  Do not try to eliminate the problem yourself.  We will provide a qualified exterminator to look into the situation.<br />
STORAGE:  If you are interested in renting a storage locker in the basement, please advise us and we will add you to the waiting list.<br />
To get building news quicker, send your email address to gbenson339@verizon.net.<br />
For the Board of Directors.<br />
Gerald Benson</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=113</wfw:commentRSS>
	</item>
		<item>
		<title>Federal Lead Paint Regulations</title>
		<link>http://339east58.com/wp/?p=112</link>
		<comments>http://339east58.com/wp/?p=112#comments</comments>
		<pubDate>Tue, 18 Jan 2011 01:36:20 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Alteration Rules</category>
		<guid>http://339east58.com/wp/?p=112</guid>
		<description><![CDATA[NEW FEDERAL LEAD PAINT REGULATIONS

The U.S. Environmental Protection Agency (EPA) substantially expanded the federal regulations governing
painting, renovation, or repair work in most housing units built before 1978, as well as other facilities
visited regularly by children, to minimize health risks from lead-based paint. The new rule covers
"renovation activities" in such housing units - which include even [...]]]></description>
			<content:encoded><![CDATA[	<p>NEW FEDERAL LEAD PAINT REGULATIONS</p>
	<p>The U.S. Environmental Protection Agency (EPA) substantially expanded the federal regulations governing<br />
painting, renovation, or repair work in most housing units built before 1978, as well as other facilities<br />
visited regularly by children, to minimize health risks from lead-based paint. The new rule covers<br />
&#8220;renovation activities&#8221; in such housing units - which include even repainting a wall - that disturb<br />
more than six square feet of painted surface per interior room or twenty square feet of painted surface<br />
on the exterior of a building. Contractors performing such renovation activities must obtain EPA<br />
certification by completing coursework approved by the EPA and must abide by numerous detailed<br />
requirements. Penalties for non-compliance can be up to $37,500 per violation.<br />
The new EPA rule has important implications for all cooperatives and condominiums that<br />
were built prior to 1978. Boards must ensure that all contractors performing covered renovation<br />
activities, both in individual units and in common areas, have the required certification and training<br />
and that they are aware of and comply with the new requirements such as posting notices of the work.<br />
In addition, in buildings (including most cooperatives and some condominiums) where board<br />
approval is required before a shareholder-tenant or unit owner may undertake alterations in a unit, the<br />
building&#8217;s form of alteration agreement should be amended to make clear that the shareholder-tenant<br />
or unit owner is responsible for ensuring compliance with the new rules. In many buildings, the<br />
board will expect the managing agent to oversee compliance by shareholder-tenants or unit owners.<br />
The new regulations contain exemptions applying to some work done by a homeowner<br />
personally (&#8221;do-it-yourself&#8217;), or work done in a building where no young children or pregnant<br />
women reside. The new regulations also do not apply where a test confirms that the lead paint level<br />
on all exposed surfaces is less than 1.0 mg/cm2. However, the scope of these exemptions as applied<br />
in multi-unit buildings is not entirely clear. In practice, to ensure full compliance with the regulations<br />
and ensure that dust potentially containing lead is not released, boards should require that any work<br />
done in any portion of a covered building is performed in accordance with the new rules.<br />
This new EPA rule is likely to have an impact on purchases and sales of residences, including<br />
both single-family homes and cooperative or condominium units. Purchasers may seek assurance<br />
that they will not need to comply with the regulations when they make future alterations, because all<br />
painted surfaces are free of lead-based paint or the lead levels are less than the threshold. However,<br />
the testing process requires making small borings in the walls, which many sellers may be loath to<br />
allow. It may be prudent for buyers to require that sellers make a representation in their purchase<br />
agreements, to survive closing, that the property is exempt from the EPA rule, or to make closing<br />
contingent on an inspection by a certified inspector confirming that the property is exempt.
</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=112</wfw:commentRSS>
	</item>
		<item>
		<title>November 2010 Newsletter</title>
		<link>http://339east58.com/wp/?p=111</link>
		<comments>http://339east58.com/wp/?p=111#comments</comments>
		<pubDate>Mon, 03 Jan 2011 02:25:29 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Newsletters</category>
		<guid>http://339east58.com/wp/?p=111</guid>
		<description><![CDATA[November 22, 2010
Dear Fellow Shareholders and Residents,
Several repair projects are underway or have recently been completed.

A notice was received from the NYC DEP instructing the building to install a prevention device in order to prevent backflow from getting into the public water system.  This is one of the many items now being enforced by [...]]]></description>
			<content:encoded><![CDATA[	<p>November 22, 2010<br />
Dear Fellow Shareholders and Residents,<br />
Several repair projects are underway or have recently been completed.</p>
	<p>A notice was received from the NYC DEP instructing the building to install a prevention device in order to prevent backflow from getting into the public water system.  This is one of the many items now being enforced by the City which, of course, brings additional funds to it, in the name of permit fees.</p>
	<p>Along with these items is the present work on the South facing exterior wall where erosion has caused leakage to a number of apartments. Work has just been completed.<br />
For the time being, to pay for these items the Board of Directors has decided to use funds from our Line of Credit rather than invoking an assessment.<br />
Three apartments have been sold so far this year.  At present, we are aware of two others which are for sale.<br />
It has come to our attention that some apartments have had weekend “guests” an inordinate amount of times. We want to remind you that it is definitely against corporate rules to “hotel” and we will take all legal steps to stop this activity including termination of the shareholder’s Proprietary Lease. Not only is it against our rules but it can be dangerous and can lead to putting other residents in jeopardy.<br />
Recent incidents have pointed out the importance of having homeowners (renters) coverage.  Virtually all our shareholders have complied with that requirement. We think it’s important that if you have a legal sublease, you should make sure your tenant also carries such coverage. Injury or Damage that is caused by the subtenant can result in the shareholder having to pay for it.</p>
	<p>REMINDERS<br />
BEDBUG ADVISORY NOTICE TO SHAREHOLDERS AND OTHER RESIDENTS<br />
WE ARE SURE THAT YOU ARE AWARE THAT AFTER PRACTICALLY DISAPPEARING, BEDBUGS ARE STAGING A COMEBACK IN APARTMENTS, HOTELS AND HOMES THROUGHOUT THE UNITED STATES.  NEWSPAPERS, TV ETC., CONTINUALLY WARN US OF THIS GROWING PROBLEM.<br />
TWO OF THE THEORIES AS TO WHY BEDBUGS ARE RE-EMERGING ARE THE BANNING OF DDT AND INCREASED FOREIGN TRAVEL.<br />
THE BITE OF THE BEDBUG IS NOT CONSIDERED DANGEROUS AND HAS BEEN COMPARED TO BEING BITTEN BY A MOSQUITO LEADING TO A SMALL REDDISH WELT, IRRITATION AND ITCHING.<br />
WE ARE NOT AWARE OF ANY PROBLEMS AT THIS TIME IN OUR BUILDING.  THIS NOTICE IS BEING PROVIDED TO YOU SO THAT WE HAVE A STANDARD PROCEDURE THAT YOU CAN FOLLOW IF IN THE FUTURE, YOU BELIEVE THERE MIGHT BE AN INFESTATION IN YOUR APARTMENT.<br />
IF THAT OCCURS, IT IS ABSOLUTELY IMPERATIVE THAT YOU GIVE  IMMEDIATE NOTICE TO THE SUPERINTENDANT AND MANAGING AGENT.<br />
DO NOT TRY TO ELIMINATE THE PROBLEM YOURSELF.  WE WILL PROVIDE A QUALIFIED EXTERMINATOR TO LOOK INTO THE SITUATION WHO WILL INFORM US IF THERE IS A PROBLEM AND PROVIDE US WITH THE SOLUTION.<br />
SECURITY:  In order to protect residents and their property, doormen will not give your keys to anyone merely on a telephone authorization.  You must give prior authorization in person or in writing.<br />
AIR CONDITIONERS: Installation of Air Conditioners must have Board approval.  Also, Air Conditioners and Gas appliances must be installed by professionals with appropriate insurance.  Please do not ask building personnel to make the installation.<br />
WEBSITE:  www.339east58.com has been updated.  We’d appreciate your comments.<br />
TRASH:  Please be good neighbors; take your trash to the basement if you are unable to fit it in the compartments provided. Leaving such matter on the floor can cause a serious injury.<br />
STORAGE: All units are presently occupied.  If you are interested in renting one, please advise us and we will add you to the waiting list.<br />
If you ‘d like to get building news quicker, send your email address to gbenson339@verizon.net.<br />
WE WISH YOU A HAPPY HOLIDAY SEASON.<br />
For the Board of Directors.<br />
Gerald Benson</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=111</wfw:commentRSS>
	</item>
		<item>
		<title>Guest Rules</title>
		<link>http://339east58.com/wp/?p=110</link>
		<comments>http://339east58.com/wp/?p=110#comments</comments>
		<pubDate>Thu, 30 Dec 2010 22:46:54 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Announcements</category>
		<guid>http://339east58.com/wp/?p=110</guid>
		<description><![CDATA[December 2010
As a result of complaints received from residents who expressed concern about building security and life safety, we have updated and are once again reminding all Staff, Shareholders and Residents of the rules relative to allowing guests access to our building. 

There are no exceptions to these rules unless authorized by management. Please do [...]]]></description>
			<content:encoded><![CDATA[	<p>December 2010<br />
As a result of complaints received from residents who expressed concern about building security and life safety, we have updated and are once again reminding all Staff, Shareholders and Residents of the rules relative to allowing guests access to our building. </p>
	<p>There are no exceptions to these rules unless authorized by management. Please do not place the staff in an embarrassing position by having them deny access to a legitimate visitor.</p>
	<p>The rules are:<br />
1)  Guests may be granted access if the shareholder is home and allows them to enter the building.</p>
	<p>2)  Guests may be allowed access to the building if the shareholder has given a the Superintendent or the Management Office written notice of the guests arriving, with the exact names of the guests and duration of their stay. Arriving guests must show ID (unless the doorman knows the guest) and the name(s) must be logged into the log book.</p>
	<p>A visitor will not be given access to the building by simply having a key and stating that they are guests of so and so. </p>
	<p>We urge your cooperation.</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=110</wfw:commentRSS>
	</item>
		<item>
		<title>Renovations at 57th &#038; Second</title>
		<link>http://339east58.com/wp/?p=109</link>
		<comments>http://339east58.com/wp/?p=109#comments</comments>
		<pubDate>Thu, 09 Dec 2010 02:47:49 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Announcements</category>
		<guid>http://339east58.com/wp/?p=109</guid>
		<description><![CDATA[An article in the 12/7/10 NY POST advises:
"A DRAMATIC new 60 story residential tower will soon be rising on the southwest corner of Second Avenue and E. 57th St.  Next Year, a 38,000 square foot Whole Foods will open in a 14 story adjacent site. This first phase of the project encompasses two new [...]]]></description>
			<content:encoded><![CDATA[	<p>An article in the 12/7/10 NY POST advises:<br />
&#8220;A DRAMATIC new 60 story residential tower will soon be rising on the southwest corner of Second Avenue and E. 57th St.  Next Year, a 38,000 square foot Whole Foods will open in a 14 story adjacent site. This first phase of the project encompasses two new public schools that will face 56th Street and rise on top of the 57th Street, facing Whole Foods><br />
The second phase of the 1 million square foot project &#8230;.will be focused on the 660 foot tall tower with luxury rentals topped by luxury condominiums.<br />
Also, at its base, another 74,000 square feet of retail will run 112 feet from the corner of 57th Street and Second Avenue west to the Whole Foods, which itself has 200 feet o;f fdrontage and is expected to enliven the area&#8230;..&#8221;
</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=109</wfw:commentRSS>
	</item>
		<item>
		<title>Bed Bug Advisory</title>
		<link>http://339east58.com/wp/?p=107</link>
		<comments>http://339east58.com/wp/?p=107#comments</comments>
		<pubDate>Fri, 27 Aug 2010 01:40:53 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Announcements</category>
		<guid>http://339east58.com/wp/?p=107</guid>
		<description><![CDATA[Due to the significant publicity of the increased infestation in New York City and other communities throughout the USA, we  call your attention to our July 1, 2010 Newsletter and ask you to review the story relative to bed bugs. It is imperative that if you find any problem, a report be made immediately [...]]]></description>
			<content:encoded><![CDATA[	<p>Due to the significant publicity of the increased infestation in New York City and other communities throughout the USA, we  call your attention to our July 1, 2010 Newsletter and ask you to review the story relative to bed bugs. It is imperative that if you find any problem, a report be made immediately to our Superintendant and Managing Agent.<br />
Inspections must be made and apartments treated next to, above and below any unit that has bedbugs.</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=107</wfw:commentRSS>
	</item>
		<item>
		<title>July &#8216;10 Newsletter</title>
		<link>http://339east58.com/wp/?p=105</link>
		<comments>http://339east58.com/wp/?p=105#comments</comments>
		<pubDate>Thu, 01 Jul 2010 00:13:07 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Newsletters</category>
		<guid>http://339east58.com/wp/?p=105</guid>
		<description><![CDATA[ 
July 1, 2010
Dear Fellow Shareholders,
Our Annual Shareholders meeting was held on June 2, 2010 at the offices of CityProp Management.  
Mr. Benson opened the meeting by discussing the 2009 Certified Annual Report.  He pointed out that in comparison to 2008
•	Total Operating Expenses had decreased from $516,571 to $492,805
•	Total Maintenance Expenses had increased [...]]]></description>
			<content:encoded><![CDATA[	<p>
July 1, 2010<br />
Dear Fellow Shareholders,<br />
Our Annual Shareholders meeting was held on June 2, 2010 at the offices of CityProp Management.<br />
Mr. Benson opened the meeting by discussing the 2009 Certified Annual Report.  He pointed out that in comparison to 2008<br />
•	Total Operating Expenses had decreased from $516,571 to $492,805<br />
•	Total Maintenance Expenses had increased from $134,480 to $191,841<br />
•	Total Taxes had increased 22.8% from $354,082 to $434,741<br />
He felt that the Tax situation would not be improved in the near future due to the Budget problems of all our Governments.<br />
It was also pointed out that the Agreement with 32BJ, the Union representing our door and porter personnel agreed to a new 4 year contract that included pay increases of 2.33% per year.  To date, the Agreement has not been ratified.<br />
The election for the Board of Directors ensued.  The only nomination from the floor was for the current Directors who ran as a slate.  They were unanimously reelected.  The individuals and their corporate positions are:<br />
Joanne Agoglia, Treasurer<br />
Gerald Benson, President<br />
Raymond DeMarco, Vice President<br />
Clara Diaz, Vice President<br />
Steven Fabrizio, Vice President<br />
Robert Kantor, Secretary<br />
Mary McNenny, Vice President<br />
REAR COURTYARD IMPROVEMENTS<br />
The rear courtyard has changed considerably and we hope that all residents will take advantage of the new surroundings.  A few shareholders have responded to our plea for donations of contributions, but we are looking for additional help in order to further enhance the site. At this time there are limited quantities of fresh herbs being grown.  Feel free to take some Basil, Oregano, Italian Parsley and or Sage.<br />
BEDBUG ADVISORY NOTICE TO SHAREHOLDERS AND OTHER RESIDENTS<br />
We are sure that you are aware that after practically disappearing, bedbugs are staging a comeback in apartments, hotels and homes throughout the United States.  Newspapers, TV etc., continually warn us of this growing problem.<br />
Two of the theories as to why bedbugs are re-emerging are the banning of ddt and increased foreign travel.<br />
The bite of the bedbug is not considered dangerous and has been compared to being bitten by a mosquito leading to a small reddish welt, irritation and itching.<br />
We are not aware of any problems at this time in our building.  This notice is being provided to you so that we have a standard procedure that you can follow if in the future, you believe there might be an infestation in your apartment.<br />
If that occurs, it is absolutely imperative that you give immediate notice to the superintendant and managing agent.<br />
Do not try to eliminate the problem yourself.  We will provide a qualified exterminator to look into the situation.<br />
CHILDREN AT PLAY<br />
A recent memo has been issued regarding this subject.  If you haven’t seen it, please go to our website under ‘Announcements”.<br />
REMINDERS<br />
SECURITY:  In order to protect residents and their property, doormen will not give your keys to anyone merely on a telephone authorization.  You must give prior authorization in person or in writing.<br />
YOUR HELP IS NEEDED: New York City has a saying, “If you see something, say something”.  That pertains to our facility as well.  If you spot something unusual or an item that needs repair etc., please say something.</p>
	<p>AIR CONDITIONERS: Installation of Air Conditioners must have Board approval.  Also, Air Conditioners and Gas appliances must be installed by professionals with appropriate insurance.  Please do not ask building personnel to make the installation.<br />
WEBSITE:  www.339east58.com has been updated.  We’d appreciate your comments.<br />
TRASH:  Please be good neighbors; take your trash to the basement if you are unable to fit it in the compartments provided. Leaving such matter on the floor can cause a serious injury.<br />
STORAGE: All units are presently occupied.  If you are interested in renting one, please advise us and we will add you to the waiting list.<br />
If you‘d like to get building news quicker, send your email address to gbenson339@verizon.net.<br />
For the Board of Directors.<br />
Gerald Benson</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=105</wfw:commentRSS>
	</item>
		<item>
		<title>9/15/09 Newsletter</title>
		<link>http://339east58.com/wp/?p=104</link>
		<comments>http://339east58.com/wp/?p=104#comments</comments>
		<pubDate>Tue, 18 May 2010 23:30:32 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Newsletters</category>
		<guid>http://339east58.com/wp/?p=104</guid>
		<description><![CDATA[September 15, 2009
Dear Fellow Shareholders,
There have been considerable building happenings since our last newsletter.
Our Annual Shareholders meeting was held on May 27, 2009 at the offices of CityProp Management.  The Board of Directors ran as a slate and was unanimously reelected.  The individuals and their corporate positions are:
Joanne Agoglia, Treasurer
Gerald Benson, President
Raymond DeMarco, [...]]]></description>
			<content:encoded><![CDATA[	<p>September 15, 2009<br />
Dear Fellow Shareholders,<br />
There have been considerable building happenings since our last newsletter.<br />
Our Annual Shareholders meeting was held on May 27, 2009 at the offices of CityProp Management.  The Board of Directors ran as a slate and was unanimously reelected.  The individuals and their corporate positions are:<br />
Joanne Agoglia, Treasurer<br />
Gerald Benson, President<br />
Raymond DeMarco, Vice President<br />
Clara Diaz, Vice President<br />
Steven Fabrizio, Vice President<br />
Robert Kantor, Secretary<br />
Mary McNenny, Vice President<br />
As reported previously, both the passenger elevator and the service elevators were upgraded.  Relatively minor problems have popped up since they were certified for use by the NYC inspectors.  Most residents seem to be pleased with the result of the substantial but very necessary expenditure.<br />
Replacement of the sidewalk and rear courtyard floor was undertaken recently.  The major part of the courtyard work was completed but the color of the concrete is still a work in process.  When complete, improvements to the area will be undertaken.  If you would like to express your thoughts on this project, please contact me.<br />
One recent  repair that wasn’t planned was the replacement of the water supply line from the roof tank to the boiler.  When the tank was cleaned, as is necessary annually, pressure to the hot water line failed.  Our plumbers advised that the old galvanized pipe had become so obstructed that the only way to fix it was to replace it with a new copper line.  The Board agreed and the work was completed.  We believe that the hot water pressure has increased quite a bit as a result of this job.<br />
Unfortunately, when running the new line through the west stairwell, (it had been in the passenger elevator shaft which was another problem), the workers cut through the electric wires that fed the hallway and stairwell lights.  There was no way they could have known that would happen as the original mechanical drawings are not available.  It took several days to bring the lights back into operation.<br />
The Board and Managing Agent are most appreciative of the way Residents handled these inconveniences.<br />
All of these modernizations and replacements were paid for using our Line of Credit with National Cooperative Bank. As previously advised, the interest rate on this loan is 2 ¾% above the one month LIBOR rate which is a most favorable rate at this time.  Should the economy change and the LIBOR rate increase dramatically, we would then consider other financing options.  </p>
	<p>REMINDERS<br />
SECURITY:  In order to protect residents and their property, doormen will not give your keys to anyone merely on a telephone authorization.  You must give prior authorization in person or in writing.<br />
AIR CONDITIONERS: Installation of Air Conditioners must have Board approval.  Also, Air Conditioners and Gas appliances must be installed by professionals with appropriate insurance.  Please do not ask building personnel to make the installation.<br />
WEBSITE:  www.339east58.com has been updated.  We’d appreciate your comments.<br />
TRASH:  Please be good neighbors; take your trash to the basement if you are unable to fit it in the compartments provided. Leaving such matter on the floor can cause a serious injury.<br />
STORAGE: All units are presently occupied.  If you are interested in renting one, please advise us and we will add you to the waiting list.<br />
If you ‘d like to get building news quicker, send your email address to gbenson339@verizon.net.<br />
For the Board of Directors.<br />
Gerald Benson</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=104</wfw:commentRSS>
	</item>
		<item>
		<title>New Labor Contract for Doormen/Porters</title>
		<link>http://339east58.com/wp/?p=102</link>
		<comments>http://339east58.com/wp/?p=102#comments</comments>
		<pubDate>Tue, 27 Apr 2010 20:10:19 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Announcements</category>
		<guid>http://339east58.com/wp/?p=102</guid>
		<description><![CDATA[NEW 4-YEAR BUILDING SERVICE EMPLOYEES CONTRACT

A Fair Contract with Significant Innovations
At midnight on Tuesday, April 20, 2010, Michael Fishman, president of Local 32BJ of the Building Service Employees International Union,  and Howard Rothschild, president of the Realty Advisory Board on Labor Relations, Inc. shook hands on a four year contract agreement that includes pay [...]]]></description>
			<content:encoded><![CDATA[	<p>NEW 4-YEAR BUILDING SERVICE EMPLOYEES CONTRACT</p>
	<p>A Fair Contract with Significant Innovations<br />
At midnight on Tuesday, April 20, 2010, Michael Fishman, president of Local 32BJ of the Building Service Employees International Union,  and Howard Rothschild, president of the Realty Advisory Board on Labor Relations, Inc. shook hands on a four year contract agreement that includes pay increases of 2.33% per year. for 32BJ’s 3000 residential apartment building workers in Manhattan, Brooklyn, Queens and Staten Island.</p>
	<p>Pledged Savings in Health Costs<br />
The contract further provides that the Health Fund, which is jointly administered by trustees from the Union and from the RAB, will commission a study to help implement annual savings of $70,000,000 or 10% of the Health Plan’s  current average annual expenditures beginning no later than January 1, 2012.  </p>
	<p>Employer Contributions Firmly Capped<br />
Caps on employer contributions to the Health and Pension plans during the life of this contract ensure that if, as was the case in 2004, the reserves of either Health or Pension plans should become depleted, employers will not be responsible to make any additional contributions (the opposite was the case in 2004 when employers agreed to substantial, unexpected contributions ($2400 per employee) to rescue the then failing health fund.  This dramatic change in the paradigm ensures employers of certainty in their budgeting for labor during the term of this contract.  All parties are optimistic that no problems will arise, and that the anticipated economies will be easily achieved.</p>
	<p>Reduction In Force<br />
In addition, in recognition of the length and the extent of the economic downturn an important phrase has been added to the contract provision regarding Reduction In Force, enabling a building to reduce staff upon submitting proof of financial hardship, provided that no additional work is added to the job descriptions of remaining employees. </p>
	<p>A Fair Agreement<br />
The building service workers who are members of Local 32BJ are the best paid service workers in the world; they also have excellent benefits and training opportunities.  And this is as it should be.  These workers  keep our buildings safe and clean. They are part of the community that is our cooperative or condominium. They watch our children grow up; they help us daily in many ways largae and small.  We are all pleased that the current negotiation has produced a contract that is fair to one and all.   </p>
	<p>Pattern Agreement<br />
The RAB negotiates a pattern agreement, which each of its residential members with 32BJ employees is then invited to sign,   Copies of the agreement will shortly be sent to your building (or your managing agent).  If your cooperative or condominium has six or more employees, your superintendent is a Resident Manager, subject to an agreement that expires June 20th. </p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=102</wfw:commentRSS>
	</item>
		<item>
		<title>Alteration Rules</title>
		<link>http://339east58.com/wp/?p=100</link>
		<comments>http://339east58.com/wp/?p=100#comments</comments>
		<pubDate>Sat, 12 Sep 2009 01:24:59 +0000</pubDate>
		<dc:creator>admin339</dc:creator>
		
	<category>Uncategorized</category>
	<category>Alteration Rules</category>
		<guid>http://339east58.com/wp/?p=100</guid>
		<description><![CDATA[You must contact our Managing Agent prior to any renovations and obtain a complete copy of all rules and regulations. ]]></description>
			<content:encoded><![CDATA[	<p>You must contact our Managing Agent prior to any renovations and obtain a complete copy of all rules and regulations.
</p>
]]></content:encoded>
			<wfw:commentRSS>http://339east58.com/wp/wp-commentsrss2.php?p=100</wfw:commentRSS>
	</item>
	</channel>
</rss>

