Adam Leitman Bailey, P.C. is general counsel to several City and State Mitchell-Lama co-ops in the New York City area. When one client asked for assistance in holding its annual meeting, Adam Leitman Bailey, P.C. stepped in. Due to the pandemic, the co-op’s timeline for holding its annual meeting and election of directors was thrown off, leading to a domino effect for the timing of future elections as mandated by the co-op’s by-laws and by HPD, which oversees City Mitchell-Lama co-ops. Adam Leitman Bailey, P.C. was successfully able to negotiate with HPD in “re-setting” the timeline by scheduling two meetings: the first to be held one year after the last election, and the second to be held six months later, which would put the co-op back on its normal meeting scheduled as dictated by the by-laws.
Posing further challenges were recent amendments to New York’s Private Housing Finance Law, which, among other things, eliminated proxy voting and mandated absentee ballots. The attorneys at Adam Leitman Bailey, P.C. used their expertise and knowledge of the new laws to help guide the co-op through these changes, resulting in a successful meeting and election.