Overview

Administrative tasks required by the City and/or State of New York to be in compliance of cyclical filings or notices to residents of the building.

 

3.1.1. Anti-Harassment

Under Local Law 96 of 2018went into effect April 1, 2019. Employers with 15 or, more employees are required to conduct annual anti-sexual harassment training for all employees.  New York State Law requires that employers of one or more employees must conduct anti-sexual harassment training for all employees. 

The Certificate of Completion must be saved as proof of compliance. Employers shall maintain such records for at least three years and such records must be made available for commission inspection upon request. 

3.1.2. Conflict of Interest

A Board member of a Co-op or Condo assumes a fiduciary duty to act in the best interests of the Co-op or Condo, and its apartment owners. A conflict of interest arises between a Board member has a particular personal, business or financial stake in a decision before the Board. 

BCL § 727 requires Board members to: 

  1. At least annually disclose to apartmentsowners’ contracts and transactions between Board members and the Co-op/Condo made during the year via an annual report; and  

17.Issue a copy of BCL § 713. 

This annual report must include: 

  • A list of all such contracts or transactions, as well as the identity of the parties and the amount and purpose of the contract or transaction; 
  • A record of all Board meetings when it voted on such contracts or transactions, including attendance, how each Board member voted on such contract or transaction, and the actual result of voting for each such contract or transaction; and 
  • The date of each vote on each contract or transaction, and the date the contract “would be and remain valid.”