Resident Shareholders Workshop: Wednesday, 12/10/08

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Theresa Racht and Al Taffae, attorneys and partners in Racht & Taffae, LLP, will be leading the meeting on Wednesday, December 10th, 2008 at 6:30. They will help resident shareholders draft complaint letters to the Attorney General. To make the best use of this time, it's important you come prepared. Try to get as much of the following information together as you can:

Address of Building

Name of Sponsor and principals of Sponsor

Date the building converted to a coop/condo

Number of residential units in the building

Number of residential units still owned by sponsor

Of sponsor owned units, how many are free market (non-rent stabilized)?

Is Sponsor filing update amendments to the offering plan?

When was the date of the last amendment?

When did the sponsor last sell an apartment?

Does the coop/condo have annual meetings?

Do you receive minutes of the annual meeting?

Does the sponsor control the Board of Directors?

If sponsor controls, is it by electing sponsor's own people (principals, employees) or by voting for allied shareholders?

Does sponsor either manage the building or pick the managing agent?

What is the name of the managing agent?

Speak to the other shareholders in your building and work together to gather this information.

The meeting will be held at: MS 142, 610 Henry Street, Carroll Gardens, Brooklyn. (Take the F to Carroll Street, exit South end of the train near 2nd Place, go right on 2nd Place to Henry Street, left on Henry and you will see the school.)

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