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I was informed by Rudy on Friday morning that the elevator company was able to do a temporary fix to the elevator and additionally, the elevator company determined it is safely operational. The elevator must still be rebuilt. The parts are ordered and expedited. First and foremost, I want to thank Rudy and Alex and our elevator consultant for their effort throughout this difficult time. From the beginning Rudy was working on a temporary fix to the elevator while at the same time expediting the long-term solution for the elevator to be rebuilt. Rudy and Alex will continue to send you updates as more information becomes available. Please remember that this problem was caused by the failure of a pipe coupling that was buried in the ceiling just below the roof in an area that was not part of any inspection. Again, thanks to Karel from Provident who was on the scene almost immediately to help identify where the leak was occurring and also our Board Vice President, Dave Turner who was also onsite and assisting. I understand they both took on so much water that they didn’t have to shower for a week.
The financial crises that our building is facing is a top priority of this Board. As I said in my email on March 25, 2026, I have formed a Financial Committee that is beginning to sift through the financials from 2023, 24, 25 and the beginning of 2026 to determine how we got to where we are and to make recommendations to the Board as to what can be done. It is a fact that our building’s spalling issues have been a main cause of our high condo fees. We believe the spalling work on the building is now mostly complete and this Board is committed to investigating every financial nook and cranny where costs can be better managed while still maintaining our financial security. To this end our Vice President, Dave Turner has taken on the job for the Financial
Committee of spearheading the investigation of our insurance costs which is one of the largest costs that our building faces. Also, improving the appearance of the exterior of our building, which has been left to deteriorate over the last few years is a major concern of this Board. Joe D’Amato, our Chairman of Major Projects is spearheading where some areas of our building’s exterior appearance can be enhanced at minimum costs.
More information on these items will be forthcoming.
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