co-op monies in account that may and does go over the FDIC insurance

Long lines of customers wait outside IndyMac bank in Pasadena on Monday. The bank failed last week, prompting the FDIC to take control of it. Many customers fear they will lose their money. (Walt Mancini / Staff Photographer)

i finally am catching up on this co-op building stuff and finally had a chance to look at the audited financial report dated march 5 2008 i noticed that the co-op monies are in a account where they may and do go over the fdic insured limit. This report/audit was from months ago, i believe before the banks started failing.

this is definitely not financial wise.

we need to look into this quickly and split/move the money if it is over the fdic insured limit ans insure it doesn’t happen if our balance is under the limit now.
there was no info given on the name of the bank that the funds are held at.

1171,1175,1187 and 1189 warburton = next development

there have been fliers posted around the neighborhood, the meeting Wednesday night concerns the four properties at the north west side of warburton closer to the catering hall/ palisades boat club entrance.
1171,1175,1187,1189 warburton.
the million dollar question is what height are they planning to build and what varience will they asking for.
there was a lot of talk of trying to get this neighborhood rezoned to a low rise level.
maybe that is why they are pushing this through in the weak market.
some of the houses are quite nice, the views must be fantastic

 

 

ball park and high rise vote coming up

there is an important vote concerning the sfc project , it will really affect Yonkers tax dollars since money is not earmarked for the underground utilities and infrastructure and there is nothing in writing on who is going to pay for it.
most likely yonkers residents will get stuck with it if it not in writing with all the i and T’s checked. we already have a yonkers income tax and nothing to show for it, since the city has been chronically mismanaged.
the developer over at ridge hill just screwed the union guys that he had fill the meeting halls and push for a YES vote on that project. After all that union support the developer has reneged and hired non union labor.