Page 26 - CooperatorNews Chicagoland EXPO 2021
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26 COOPERATORNEWS CHICAGOLAND  —EXPO 2021  CHICAGO.COOPERATORNEWS.COM  That’s why we’ve leveraged the latest science to develop   a new type of cleaning, disinfecting, and odor-reducing   product. We’ve  eliminated  the harsh chlorine, bleach   and acids found in other cleaners.  Our proprietary formula is not only a breakthrough   disinfectant and odor control solution, but also a cleaner   and degreaser – all in one. Discover what science can do   for you with   ATMOSPHERE.  PROVEN TO KILL COVID-19!  3 IN 1  CLEANER | DISINFECTANT        DEODORIZER  NO BLEACH,   NO CHLORINE,   NO ACID  NON-ABRASIVE FORMULA   WILL NOT HARM SURFACES  We love people.  630-660-2833  | 708-646-6489  management that contained previous   years’ meeting minutes, resolutions, finan-  cial statements, management reports, and   communications to shareholders; copies   of the corporation’s governing documents;   and printouts of various articles—some   straight from this publication!—about   legal  precedents,  board  governance, and   other matters related to multifamily liv-  ing and the history of co-ops. While legal   and management professionals universally   agree  that  new  board  members  should   read and  understand this  information,   it is admittedly easier said than done. In   hindsight, it would have helped to have a   current, knowledgeable board member   walk me through some of the more salient   items. Alas, I had no such guide.   In our first meet-  ing, in which we   elected officers, it   was clear that I was   not the only one   who needed a re-  fresher on parlia-  mentary procedure.   We had to redo   several of the votes   because one mem-  ber had written   “sustained” rather   than  “abstain”  on   their secret ballot.   It also became clear   that this member   was part of a major-  ity faction of long-  standing directors   who were guided   by fallacy,  deferral,   and nepotism. And   since I was the only   new member that   year,  discussions  and voting proceed-  ed without explanation or background   information, using esoteric industry ter-  minology  and  in-house shorthand  that   had been established long ago. “All in fa-  vor of option C for the lentil \[  sic  \] replace-  ment?”—Huh?  In spite of all that, no one stepped up   for the position of secretary, so I became   an officer right off the bat. This allowed me   to gain extra insight and education from   our extremely competent and seasoned   general manager, Frank Durant of Charles   H. Greenthal & Co. He took me on a tour   of the co-op’s four buildings, showing me   everything from the boilers to the roofs. I   was able to learn about the 13-acre prop-  erty’s systems, components, projects, and   the correct terminology and meanings   (FYI, lintels—not ‘lentils’—are the sup-  port beams above openings like doors and   windows), allowing me not only to engage   more confidently in the boardroom, but   also to translate and more clearly com-  municate board actions and decisions to   the co-op’s 5,000 tenant-shareholders in   monthly reports.    Hang Tough  What I’ve learned over the years is that   even beyond the community in which you   live is a broader community dedicated to   serving the multifamily industry. In addi-  tion to the resources this publication pro-  vides in print, online, and at its bi-annual   trade shows, there are other organizations   and associations throughout the nation   and beyond that give support and guid-  ance to boards and homeowners in co-op,   condo, and HOA communities.   Brian Butler, senior vice president of   property management firm FirstService   Residential Illinois, often leads educa-  tional sessions targeted toward new board   member orientations and returning board   member boot camps. He believes that “an   educated board is   the key to a com-  munity’s success.   Having a  work-  ing knowledge of   the community’s   governing docu-  ments, applicable   laws, and fidu-  ciary obligations   to the association   is critical.” He   notes that large,   national manage-  ment firms like   FirstService offer   many resources to   boards themselves   through  their  website and asso-  ciated events.  In  my  first  board year, Du-  rant gave me in-  formation to  sign   up for the Council   of New York Co-  operatives and Condominiums (CNYC)   Housing Conference (http://www.cnyc.  com/housing.htm), where I took classes   on understanding budgets and financial   statements, topics and terms pertaining to   co-ops  and  condos,  and  emergency  pre-  paredness. CNYC also offers courses and   seminars throughout the year; many are   free to members.    Durant also informed me about the   CooperatorEvents Expos, where I met   more of our service providers and ven-  dors, learned about the industry, and sat   in on seminars about reserve planning,   problem residents, and energy efficiency.   (Readers take note: CooperatorEvents’ in-  person Expos are back this fall, giving you   the opportunity to learn straight from the   experts in all aspects of multifamily living   and administration. Register for free at   NEW KIDS...  continued from page 25  “Board members—  in all associations—  are expected to use   recognized experts to   examine the integrity   of the physical   property as one of   the most important   responsibilities of a   director, especially   when lives may be   involved.”       —Marilyn Brainard   continued on page 28  See us at Booth 504  IS YOUR ASSOCIATION POSITIONED TO  SUCCEED?  For over 34 years and over 60,000 times, our company has provided accurate   Reserve Studies for Association-governed communities nationwide.   Don't wait: A successful financial future begins with a  great plan today.  Contact us today for a Sample Report and no-obligation Proposal! |  (800) 733-1365  Guaranteed to deliver MORE solutions   and LESS headaches, this powerful   online tool allows Managers & Board   members to easily test changes to   component information and  funding strategies.  Reserve Planning YOUR Way!  For more information, visit  See us at Booth 316

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