ASSESSMENTS
The most feared word in the condo world

This page will take a bit longer to create. In the meantime, here are a few nuggets for you to digest:

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The current board was going to raise your assessments right after the annual meeting. They have been busy bees doing lipstick maintenance on the building in order to make justify an increase and take the sting out of another hike in assessments. Meanwhile, we don't have many clues on where the money is that we were assessed from the last 3 major regular and special assessments.

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While it is inevitable that the assessments will increase for owners, doing a rate increase without a strategic financial plan to meet our unfunded liabilities is financial suicide by incompetence.

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Please carefully note in the now court ordered cancellation of the annual meeting that as of 2 days prior to the meeting, they DID NOT provide the one shred of financial information (despite the confusing/confounding emails that said they were available in the 'packet')

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Why?? They don't want you to know how bad our financial condition is!!! For the record, our financial situation is worse than bad, it is dire.

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They don't want you to know who is on the board! They won't tell you who is up for re-election, and they conspicuously failed to tell you who was running for board seats, all while Mary Demain was campaigning/electioneering/begging for owners to sign BLANK proxies!!!!

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More to come soon including discussion on how to get the building on a suitable financial footing.

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Check back often

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