Original Message:
Re: Sticker Shock-a surprise charge for renovation! (by Monte B.):
I think we'll be doing as JayJay did-pay it & sell it. Interesting in that the assessment is for new furnishings, carpet & paint. All things that I understood would be covered by the reserve portion of our maintance fees. Now they've decided to do the entire section of the resort and they're using roughly $2Mil of reserve and raising about $14 Mil thru the special assessment. Looks to me like they either squandered the reserves or they're just not using it I can only wonder if they're incompetent or might have found a creative way to pad their incomes :(