rd A.D. Part B
It's that time of year again. It's time for good registered Democrats to sign petitions to help candidates put their names on the ballot to run for office. For 12 great years I've been Democratic District Leader. I have enjoyed and loved it immensely. The more calls I get and the more problems I can solve, the happier I am.
With your assistance once again, signing a petition to get my name on the ballot for reelection can make the difference. If you have not already signed a petition you can call me at (718) 945-1216. Either we will send someone to you or we will tell you when you can come up to sign a petition.
If you live from Beach 95 Street west through Breezy Point and you are an enrolled Democrat, you are eligible to sign. This is by no means a vote for any candidate. It gives the person the right to run.I would like to give a special thanks to the thousands of people who have already affixed their names and those who have said such beautiful things to me. It makes a difference.
Last Sunday, we stopped at St. Genevieve's Church at the big party for Father Jack who is retiring, not because he wants to, but because of age limits required by the diocese. It was quite a tribute to a fantastic priest. It was so well attended that both the church and a huge tent out front were packed to capacity. Over 350 people attended. Father Jack will be missed. We all love him and wish him well.
We are saddened by the death of a great friend and outstanding individual, Anthony Martinez Sr., who passed away after a short illness. I have personally known Anthony and his lovely wife, Mary, for over 36 years. Many of you know Mary, who was one of the front end managers at Waldbaum's in Rockaway Park.
Anthony was a loving husband, father and grandfather. Anthony and Mary had enjoyed many great weekends at Poppy's Disco, which was located where Wendy's is now, in the '70's and 80's when I was involved there.
This loving couple was dedicated and devoted to each other. Anthony was nicest, most friendly, caring person who you could ask to meet. God must have needed a special angel in heaven when he took Anthony. My deepest sympathy to Mary and Anthony Jr., in whom they have instilled the right values. Anthony Jr. is currently serving in the armed forces. My deepest sympathy and love to the family.
On Thursday, June 8 we attended a meeting at Dayton Towers about the First Sale Capital Assessment. Donna Mantin of Arco Management, President Gerald D' Albora and Board members explained the plan.
The capital assessment will be paid by the person who purchases the shares when current residents move out. On the first resale of each apartment shares, the incoming shareholder will pay an amount equal to double the current equity. The outgoing Shareholder will receive his or equity refund in exactly the same amount as before. No additional expense will be incurred by existing shareholders.
Dayton Towers routinely turns over approximately 100 apartments a year. First Sale Capital Assessment could generate approximately $300,000 in income each year, which would be available for capital repairs and improvements. The Board of Directors strongly urges shareholders to vote for the resolution.A list of frequently asked questions and answers is available to shareholders. The additional equity can only be used for capital improvements and reserves. It is a requirement of H.P.D. that any change to Equity and Shares must be voted on by Shareholders. All Mitchell/ Lama Housing is in desperate need of finance to repair and replace deteriorating infrastructure. This program will bolster reserve accounts of affordable housing and Mitchell Lama including Dayton Towers.
If the First Sale Capital Assessment fails the millions of dollars that are needed to restore the infrastructure at Dayton Towers will have to be paid by either a Capital Assessment on all Shareholders or a SUBSTANTIAL CARRYING CHARGE INCREASE to cover the repayment of loans needed for boiler replacement, hot water system replacement, terrace renovations, heating renovations and main valve replacement.
As an outsider attending the meeting it's a win-win situation for the shareholders of Dayton Towers. This will be used to build up their capital reserves without punishing any current shareholders unless you are moving up to a larger apartment. For example if a person paid $2,700 for a studio, now it would sell for $5,400 if the resolution passes. This is definitely affordable if you meet the income requirements.
As we are goingdoor-to-door one of the most common complaints is about homeowner's insurance. In light of recent hurricanes Katrina and Rita, a number of large insurance companies including Allstate have been declining to renew insurance policies on barrier islands surrounded by water like Rockaway. I immediately reached out to Assemblywoman Audrey Pheffer who has been working diligently in Albany on this issue. She stated that legislation would be passed this month. Audrey asked that anyone having trouble with their insurance to call her office at (718) 945-4500.
Congratulations to Jimmy McCabe, son of Frank and Patty McCabe of Dayton Beach park on his graduation from high school. Jimmy has served as an altar boy and in many other capacities at St. Rose of Lima. Jimmy is a dynamic, brilliant remarkable young man. He has made his parents and grandmother and the rest of the family very proud.Jimmy and I have always been laughing and in competition as to who gets their picture in the WAVE more. Good luck and great success in college.
We know you will make us proud.
On Saturday and Sunday during the biggest windstorm of the summer season, the American Cancer Society held their Relay for Life at Beach Channel high School. The event was well-attended, well organized and raised lots. Congratulations to Jeanie Stathis and all who participated.
Our next bus trip to Atlantic City will be on Saturday June 25. We leave at 5:30 PM and return at 8 AM. The cost is $35 with $25 returned.