Dear Residents of Colonial Court:

Michael Lapson has decided to step down from the board of directors for family reasons,

effective immediately.

During his nearly three years of board service, Michael has worked diligently and has had a hand

in all of our recent achievements. He has been instrumental in pushing us forward in crucial

areas, such as energy efficiency. Please join us in thanking Michael for his years of dedicated

service to our building’s betterment.

In Michael’s place, the remaining elected members of the board—Jon Siragusa, Richard Duarte

and Gregory Roth—have appointed Oded Oslander in Apt. 323 to serve out the remaining three

months of Michael’s term. Many of you know Oded, who has lived at Colonial Court for three

years with his wife Amanda and their daughter Noa. We look forward to making good use of his

energy and level-headed judgment.

On a temporary basis, the role of board president will be filled by the current vice president,

Gregory Roth, and the role of vice president will be filled by Jon Siragusa, who will continue to

serve as director of communications. Gregory said he will relinquish his role as president after

the board’s elections in November.

As many of you know, this year has been extraordinarily busy, with the start of our parapet

reconstruction project; the refinancing of our building’s underlying mortgage; the launch of our

new Web site, colonialcourt.org; the addition of a mid-year shareholders’ meeting; the winding

down of certain longstanding legal issues; the expansion of storage space; the installation of a

heat timer to enhance fuel-savings; the appointment of a new building attorney; an increased

financial commitment to our common garden, and many other areas.

Certainly, there are other major issues that need to be addressed, such as the inadequacy of the

laundry machines, the installation of a children’s playroom and the updating or our boiler to

comply with new NYC regulations. As we tackle these projects in coming months, we ask for

your patience, your suggestions, and if possible, your contributions of time.

We wish you an enjoyable remainder of summer.

The Board of Directors