Monday, August 2, 2010
Tuesday, July 13, 2010
July 13 Update
By now you should have gotten an orange postcard with the following info. mailed on June 23:
The following board members, and officers, have been elected:
Chairman- Ingrid Madsen
Vice-Chairman- Megan Kidd
Secretary- Traci Creighton
Vice Secretary- Sandy Sallee
Treasurer- Gary Duell
Vice-Treasurer- Nancy Cowden
Director-at-large- Nathan Hall
Townhomes With A View Condominium Association Board of Directors' meetings will be held monthly, on the 2nd Tuesday at 7pm in the upper clubhouse and are open to all condominium owners.
Starting in August the Board plans to include an Association monthly newsletter with the monthly HOA invoices if Center Bay Management consents.
If you want to address the Board directly, submit complaints, suggestions and comments in writing, include your unit number & contact info. & mail to 10190 SE Talbert St. Clackamas OR 97015. (feel free to make comments on this blog, too)
There are no changes re. how and where you pay your monthly dues; continue as usual.
Thank you for your continued interest and participation in our association.
June 23, 2010
The following board members, and officers, have been elected:
Chairman- Ingrid Madsen
Vice-Chairman- Megan Kidd
Secretary- Traci Creighton
Vice Secretary- Sandy Sallee
Treasurer- Gary Duell
Vice-Treasurer- Nancy Cowden
Director-at-large- Nathan Hall
Townhomes With A View Condominium Association Board of Directors' meetings will be held monthly, on the 2nd Tuesday at 7pm in the upper clubhouse and are open to all condominium owners.
Starting in August the Board plans to include an Association monthly newsletter with the monthly HOA invoices if Center Bay Management consents.
If you want to address the Board directly, submit complaints, suggestions and comments in writing, include your unit number & contact info. & mail to 10190 SE Talbert St. Clackamas OR 97015. (feel free to make comments on this blog, too)
There are no changes re. how and where you pay your monthly dues; continue as usual.
Thank you for your continued interest and participation in our association.
June 23, 2010
Monday, June 21, 2010
Election Update
A successful quorum was achieved at the "adjournment" meeting, Tuesday, June 15. Thank you to everyone who volunteered to be on the board. The new board will meet in the upper clubhouse at 7pm on Tuesday at which time officers will be elected. The names of the new directors will be mailed to everyone the following day. And I'll probably post them here too.
Monday, June 14, 2010
Turnover Update
Dear Friends and fellow condo owners,
We had a great turnover meeting Sunday evening. I feel enormously lucky to work with such a quality group of people. Everyone was patient, respectful and involved, despite the hot stuffy room. Our successes thus far:
1. 68 owners (54 confirmed with deeds) showed up to literally pack the house.
2. There was more than enough food for everyone which, to me, is an indicator of a great group of people.
3. We established that the current HOA board did not attend and could not provide copies of prior meeting minutes or budget reports. Nor did the current HOA Secretary appear to take minutes of the meeting.
4. We had twelve volunteers and nominees for the seven board of director positions.
5. Although there was no quorum, we held a preliminary vote so that the ballots may be counted during the adjournment meeting (6/5 at 7pm) should an adjournment quorum (65 owners) be in attendance.
6. I think we reached an understanding that this is not a "takover attempt" by a few cranks and complainers. This process is required by Oregon's condominium statutes and those of us who have invested so much in the process simply seek to preserve all our interests.
Please leave your comments.
Gary
We had a great turnover meeting Sunday evening. I feel enormously lucky to work with such a quality group of people. Everyone was patient, respectful and involved, despite the hot stuffy room. Our successes thus far:
1. 68 owners (54 confirmed with deeds) showed up to literally pack the house.
2. There was more than enough food for everyone which, to me, is an indicator of a great group of people.
3. We established that the current HOA board did not attend and could not provide copies of prior meeting minutes or budget reports. Nor did the current HOA Secretary appear to take minutes of the meeting.
4. We had twelve volunteers and nominees for the seven board of director positions.
5. Although there was no quorum, we held a preliminary vote so that the ballots may be counted during the adjournment meeting (6/5 at 7pm) should an adjournment quorum (65 owners) be in attendance.
6. I think we reached an understanding that this is not a "takover attempt" by a few cranks and complainers. This process is required by Oregon's condominium statutes and those of us who have invested so much in the process simply seek to preserve all our interests.
Please leave your comments.
Gary
Monday, February 1, 2010
Here's what I know
A large group of us met with our Rep. Brent Barton last Saturday morning at Creator Lutheran Church. Brent brought us up to speed with what he felt were our only three possible outcomes: The bankruptcy works and the owner stays solvent, the bank forecloses and auctions off all the units, or an angel investor buys the place.
I welcome posts from folks who were there to get their perspectives rather than mine.
But here's what I learned from an attorney friend of mine.
The owner, Lawrence Kates, owns about $100 mil. in property, including two homes & an office building in Newport Beach CA, a 1000 acre ranch in British Columbia, and a warehouse and some land in Washington in addition to 192 condo units in our complex. Based on his own calculations, Kates' net worth is only about $10 mil. But that includes his valuation of the 192 unsold condo units at $167,000 each which is unrealistic. At that valuation, his share of the condo complex would be worth $32,064,000. 2/3 that figure is more like it, meaning that Mr. Kates is totally under water. He owes $300,000 is back property taxes. His cash flow is negative $30,000/mo. He owes millions in unpaid mortgage interest. I don't think the bankruptcy will work, as far as him reorganizing his affairs and paying everybody.
I welcome posts from folks who were there to get their perspectives rather than mine.
But here's what I learned from an attorney friend of mine.
The owner, Lawrence Kates, owns about $100 mil. in property, including two homes & an office building in Newport Beach CA, a 1000 acre ranch in British Columbia, and a warehouse and some land in Washington in addition to 192 condo units in our complex. Based on his own calculations, Kates' net worth is only about $10 mil. But that includes his valuation of the 192 unsold condo units at $167,000 each which is unrealistic. At that valuation, his share of the condo complex would be worth $32,064,000. 2/3 that figure is more like it, meaning that Mr. Kates is totally under water. He owes $300,000 is back property taxes. His cash flow is negative $30,000/mo. He owes millions in unpaid mortgage interest. I don't think the bankruptcy will work, as far as him reorganizing his affairs and paying everybody.
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