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Gift to Coop Board

Started by sdeniseed
about 12 years ago
Posts: 64
Member since: Nov 2010
Discussion about
My friend is buying a Coop and the package mentions a "gift to the coop board." Has anyone ever heard of that?
Response by NWT
about 12 years ago
Posts: 6643
Member since: Sep 2008

I think something got lost between what your friend read, what you were told, and "gift to co-op board."

Maybe it means a flip tax, paid to the co-op itself, not to the board.

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Response by walpurgis
about 12 years ago
Posts: 593
Member since: Feb 2009

I believe that would be found under "Bribes & Kickbacks" in the offering plan.

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Response by drdrd
about 12 years ago
Posts: 1905
Member since: Apr 2007

Just send them flowers unless they're on a diet, in which case you'd send candy ~ & not the cheap shit.

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Response by fieldschester
about 12 years ago
Posts: 3525
Member since: Jul 2013

What neighborhood is this in?

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Response by sdeniseed
about 12 years ago
Posts: 64
Member since: Nov 2010

Thanks all. I thought it was strange.

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Response by oldgreyhair
about 12 years ago
Posts: 122
Member since: Nov 2010

Board Prez here. Sounds odd. I have never heard of a "gift" to the board. If there is a managing agent for the building, call them and ask exactly what does it mean, and what is expected.

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Response by alanhart
about 12 years ago
Posts: 12397
Member since: Feb 2007

HDFC, by any chance?

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Response by selyanow
about 12 years ago
Posts: 132
Member since: Dec 2007

unless they are talking about "gifting" in terms of a purchase. otherwise a gift to the board would be really odd

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Response by katieb1
about 12 years ago
Posts: 5
Member since: Oct 2013

@sdeniseed: what's the building? I'm curious about this one.

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Response by fieldschester
over 10 years ago
Posts: 3525
Member since: Jul 2013

Did we ever find out what neighborhood this was in?

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Response by sdeniseed
over 10 years ago
Posts: 64
Member since: Nov 2010

the Bronx

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Response by fieldschester
over 10 years ago
Posts: 3525
Member since: Jul 2013

Bronx is a borough or county, not a neighborhood

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Response by 10003resident
about 10 years ago
Posts: 3
Member since: Mar 2014

I'm on a Co-op Board and I would never expect a gift. Bizarre request.

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Response by JJ2
about 10 years ago
Posts: 114
Member since: May 2014

Any updates ?

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Response by bramstar
about 10 years ago
Posts: 1909
Member since: May 2008

As a co-op board member I would never solicit or expect any "gift" with a purchase app. Conflict of interest much? Sheesh.

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