Message from the President of the Board
January 13, 2017
Dear Unit Owners,
Last night, your Board took the first step forward by securing a loan from the Bank, as well as passing a motion to assess ourselves to provide funding to pay off the loan.
You heard from some owners promising you a free lunch. A question was raised as to why we do not have a signed contract to complete the project. It is well known that a contractor is never hired without having the money to pay for the services to be rendered.
Your current Board is not taking your support for granted. We must proceed in an orderly fashion. We are currently in the process of negotiating a contract with the final unit prices for identified scope of work to include all enhancements. It is much easier to reduce the scope of work and corresponding costs associated with it, then to add items with change orders for higher prices. Once the unit owners vote and approve the enhancements to have our property brought up to date, we will have a safe and enticing place call “home” and protect our investment for years to come.
At this time, we have the opportunity to elect Board members who would carry out the necessary work to complete the project in a timely fashion without making false promises, or go back to a Board who has not delivered in the past and would only serve the interest of selected few.
It is your choice.
Bhagwan (Buck) Gupta