aAS RIVERCROSS TENANTS’ CORP, MEMORANDUM Date: July 26, 20700 Tor All Rivercross Sharehodders Frome Board of Directors, Re 7% Maintenance Increase Edfeclive September 1, 2010 Please be adhered that the Commissioner of DHCR has issued an order increasing the maintenance by 746, effective Sepliniber 1, 2010, as requested by the Board of Directors, Vou will mcelve a copy of the: ender if the matl, as require! by DHIOR regulations. In achiition, ie Commissione: of EAHICK has also ordered an increase in maintenance by an additional 5%, effective September 1, 20171, in order to fund adkitional Reserves tor Replacement'Comingoncy. The Baranrd originally had adktsed DHACR that it believed that the building's reserves: were ahéquate and that an adlitional increase this yoar or mint year to: fund the eesenies was not necessary. However, DHCR, while agreeing to forego funding the meveryes this year, did not oonsicher it firancially prudent to fosego funcling the reserves for a two-year porind. The Treasueer will be present at the oext “Conversations with the Board’, which is scheduled for August 11, 00a PM, Myou have any questions regacding the maintenance increase, you can rabse them af that session. $3! Lun Saree Fear Ear, ee rk, ODL = (PEE) OORT oa gy