Instagram

Park Reservoir Sees New Board Following Battle Over Management Switch

After a bitter battle over a proposal to switch management firms at a Mitchell-Lama complex in Van Cortlandt Village, several members of the Board that pushed for the proposed switch have been voted out, with members favoring the existing management now in power.

Among its first orders of business was nixing the plan to remove the longstanding company.

“I believe now the plan to come up with a new management company is essentially dead, period,” Gary Axelbank, newly elected vice president of the Park Reservoir Board of Directors, said.

Cooperators at the complex voted off four members of its Board of Directors in early November. For months, the ousted members lobbied to replace its management company, Amalgamated Housing, a firm that’s been tethered to Park Reservoir for more than six decades, citing financial reasons. Members, led by now former vice president, Steve Zitrin, sought Midas Management, a Bronx-based real estate brokerage firm, as a replacement. The Board’s current president, Andy Kimerling, was one of the lone dissenters against the replacement.

The former Board finally voted in favor of replacing management companies, though its decision was not set in stone pending submissions to the state Department of Housing and Community Renewal, the agency that oversees Mitchell-Lama complexes.

The news came suddenly to cooperators who felt sidelined over the developments, with some joining the Committee to Save Park Reservoir to stymie any changeover. In a vote expressing their outrage, committee members voted 111 to 35 opposing the former majority’s move.

The new Board intends to be more transparent.

Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.

Like this story? Leave your comments below.