2004-02-13 / Front Page

Dayton Maintenance To High-Rise?

Dayton Maintenance To High-Rise?

Dayton Maintenance To High-Rise?

Dayton Beach Park cooperators could see the monthly maintenance on their apartments surge more than 30 percent by 2007 if the city approves a proposal submitted last month by the co-op's board of directors.

The board has proposed a $38.67 per month, per room, increase in monthly maintenance over a three-year period, according to an application dated January 14, which was obtained by The Wave.

The average cooperator with a two-bedroom apartment paying maintenance of $570 would gradually see their payments rise to $760. The increase, which needs the approval of the city's Department of Housing Pre servation and Development, (hpd) would be 15 percent for the first year, 14 percent for the second and two percent for the third.

Dayton Beach Park cooperators could see the monthly maintenance on their apartments surge more than 30 percent by 2007 if the city approves a proposal submitted last month by the co-op's board of directors.

A public hearing on the proposal will be held in one of the Dayton building community rooms later this month.

HPD will take a close look at Dayton's finances before approving an increase, according to spokesperson Virginia Gliedman.

"We do a pretty thorough analysis85.we actually run numbers here," Gliedman said. If HPD approves the increase it would take effect after 15 days. Gliedman added that the co-op board is elected and therefore their decision to request higher monthly maintenance is representative of the other cooperators.

Dayton needs to increase its cash flow because it is spending more than it earns due to a new $37.2 million mortgage, many needed repairs, rising utility costs and a more expensive contract for building maintenance workers, according to a financial statement included in the application sent to HPD.

Rand Engineering P.C. listed numerous repairs needed at Day ton's five buildings between Beach 81 and Beach 88 Streets, including approximately $10.5 million needed now and nearly $12.2 million more in projects to be completed over the next ten years.

The development was short by almost $500,000 in the 2003 fiscal year, and will be almost $268,000 short in 2004. Despite this, there is still about $1.6 million in their reserve account, the board said.

Projections for the 2005 and 2006 fiscal years, based on the increase, show Dayton in the black by a total of about $60,000.

The increase "is in the best interest of the Cooperative to satisfy its responsibility to provide its ten ant/cooperators with safe and sanitary housing accommodations and to prevent the deterioration of the financial position of the Coop erative," says Dayton Board Presi dent Stacey Amato in the application.

Dayton residents will have the opportunity to tell HPD what they think of the proposal at the public hearing at one of the Dayton buildings at 10:30 a.m. on Monday, February 23. It was previously scheduled to take place in Man hattan but was relocated so to make it easier for Dayton residents to attend, Gliedman said.

Meanwhile, resident Bruce Jacobs is working to organize his neighbors. Jacobs circulated pamphlets urging other Dayton dwellers to "Stop the Proposed Increase," and prior to the changes had planned to lead a group via the "A" Train to the public hearing. He also requested a bus for senior citizens at this week's board meeting.

Jacobs said he is worried that Dayton's seniors might not be able to pay higher maintenance costs.

Seniors should note that they might be eligible for Senior Citizens Rent Increase Exemption (SCRIE) if they are 62-years-old or older when an increase takes effect and their yearly household income is less than $24,000.

The Dayton buildings, which total 1,147 rental units, are part of the city's Mitchell-Lama cooperative system. Their last maintenance in crease was in 1999, according to Gliedman.


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