Special Assessment Meeting, Well Done

I happened to stop in and listen to a portion of the Special Assessment (SA) meeting that was held on January 4th.  I was able to see the paperwork that the BOD had prepared for the owners, and to listen to the dialogue that they were having.  

Because I have attended many SA meetings I know how they often transpire.  It seems that unit owners are typically on edge and suspicious (and who can blame them) and that the BOD members are frequently under-prepared and defensive.

Pictured, left to right: John Lovell, Mark Morgenstern, Carol Hazan, and Paulette Watson.

I was very pleased to see that the BOD was very well prepared with paperwork that appeared professionally done (thanks to the management office).  They BOD members, themselves, were relaxed, respectful, and not overly defensive.  As a result, in spite of palpable tension, unit owners were also respectful.  A genuine dialogue took place between the two groups, and difficult decisions were made with both parties appropriately represented.  

My hats off to the BOD and the management staff for their hard work and dedication in this matter.  If this is a sample of how they conduct themselves in all matters, then we have a fine BOD (and management office), indeed.  I also congratulate the unit owners of building 34 for their respectful conduct in such a difficult situation. 

Reserves Meeting January 4th

Every year it is necessary to go through the motions of rejecting the full-funding of building reserves.  You should have received a ballot in the mail to fill out and turn in as your vote to reject, accept, or modify the building reserves.  By default (if you do nothing) your building's reserves are fully funded (a state law dictates that it be done that way).  So if you want to save yourself some money, join in with enough of your building's unit owners to reject full funding.  To see previous years posts on the subject, click here.