No Landlord Proof That Special Co-op Assessment Paid for MCI

Landlord applied for MCI rent increases. The DRA denied landlord's application, and landlord appealed. Landlord claimed that the MCI was paid for from the co-op building's reserve fund but that the reserve fund monies were returned to the reserve fund through a special assessment to all shareholders. The DHCR found that landlord didn't prove the work was paid for by a special assessment. The co-op's financial records showed that the assessment wasn't to be applied to MCIs. The DHCR ruled against landlord.

60-104 Pinewood Road, Hartsdale: DHCR Adm. Rev. Dckt. No. DB 830076-RO (5/12/93) [5-page document]