How to vote online or return your ballot

  • Online: Complete the ballot form on this page [click here] by Saturday, July 17, 2021 at 2:00 PM.

  • On Your Phone: Text "VOTE" to 312-869-2266 to receive a text to vote on your phone.

  • In Person: Bring your ballot in person to the board meeting room at 4918 South Drexel Blvd on Saturday, July 17, 2021 at 2:00 PM.

  • By Mail: Return your ballot to: 4900 Drexel Coop Apts. Corp, P.O. Box 53315, Chicago, Illinois, 60653. Please mail this early to insure it arrives on time.

June 30, 2021

Dear Tenant Shareholder:

The Spring Semi-Annual Meeting of the Shareholders of the 4900 Drexel Cooperative Apartments Corporation will be held on Saturday, July 17, 2021 at 2:00 pm in the meeting room.

The major agenda item for the meeting will be the review and acceptance of the Budget for 2021-2022. It is imperative that we have a quorum. Please plan to be present. If you are unable to attend the meeting please review the enclosed budget and prepare to cast your vote.

This year you will again have the option of voting in person, by mail or on-line. If you are voting by mail please carefully review the enclosed budget mark and sign the enclosed proxy and return it in the stamped addressed envelope. For those here in the complex you may drop your proxies into the meeting room mail slot.

Your immediate attention in this matter will be greatly appreciated. There will be a social gathering following the meeting.

Thank you for your cooperation,
Phyllis Lewis Robinson
Treasurer
Board of Directors

DATE: June 20, 2021

TO: 4900 Drexel Cooperative Apartments Tenant Shareholders

FROM: The Budget Committee: Phyllis Robinson, Dorothy Winn, Biankha Talbert, Daniel Scott

SUBJECT: Proposed Budget for 2021-2022

The budget committee of the 4900 Drexel Cooperative Apartment Corporation is submitting a 2021-2022 Budget for your approval. Although there were a few challenges, the fiscal year of 2020 was a relatively successful one. We had ample funds to cover all major expenses. All bills have been paid and we have no outstanding accounts payable. The good news is that we paid off our 15 year capital improvement loan with Bank Financial effective June 1, 2021. (From $350,000.00 to $000,000.00.) In addition, to help with our financial solvency, we added to our operational capital $37, 208.00 from the sale of the unit at 4916 South Drexel, 1 East. There are also 3-4 other units likely to be sold in the near future. Currently our contingency reserve exceeds $45,000.00 and our operating funds exceed $35,000.00.

Delinquencies have been reduced and 3 shareholders have made reasonable payment plans with the Board that will liquidate their delinquencies in a timely manner. We will continue working with others.

Because of our healthy cash flow we are again asking for no assessment increase for the current fiscal year.

Please carefully review the proposed budget and come to the meeting with any questions you may have.

Phyllis Robinson
Treasurer

CAST YOUR BUDGET BALLOT HERE

In lieu of voting in person or by mail, please cast your budget ballot below.

2021 Budget Committee

  • Emmanuelle Escandar

  • Patricia Hammonds

  • Phyllis Robinson

  • Daniel Scott

  • Biankha Talbert

  • Dorothy Winn