The text below is from a newsletter we will mail out to all unit owners this week.
Dear Unit Owners:
We would like to share with you the latest developments concerning the management of our building.
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated as we work on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all. We hope to have in place a new managing agent by June 30, 2005.
Since gathering the financial reins of the Condominium in mid-April, we discovered that as of March 31, 2005, accounts payable had ballooned to approximately $358,000. This is an increase of approximately $125,000 since November 30, 2004, the date of the last annual financial report.
We have also learned that most of the Condominium’s vendors inexplicably were not paid in March, 2005. We are now in the process of forming a financial committee to examine the Condominium’s financial options and determine the best course of action to lead the Condominium back to fiscal health. Please let us know promptly by e-mail, telephone or note if your background includes financial analysis of any kind and if you are interested in joining the committee.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
In the meantime, please continue to visit our web site (http://www.45west67condo.blogspot.com/) to get the latest news about the Condominium.
With Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Barbara Marder (30A), Diana Moore (31A)
Thursday, May 12, 2005
Thursday, May 05, 2005
Interviews Ongoing; But No Disclosure
Much has been going on in our building.
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated so we are working on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all.
On the financial front, we have still not received full disclosure from Rudd Management and Mr. Juneau, whose firm Schechter and Brucker, was dismissed by us two weeks ago. We are working to resolve this situation as soon as possible in order to move forward with the management of our Condominium.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Diana Moore (31A)
Our interviews of candidates for managing agent are ongoing. We have already met with several prospective agents, to date, and have appointments with four more. In the course of our research, other firms have already been eliminated so we are working on narrowing the field. Prior to the interview, each candidate firm is asked to join us and the building staff for a walk-through. Reviewing our building's systems and observing its physical condition make the interviews more productive for all.
On the financial front, we have still not received full disclosure from Rudd Management and Mr. Juneau, whose firm Schechter and Brucker, was dismissed by us two weeks ago. We are working to resolve this situation as soon as possible in order to move forward with the management of our Condominium.
It remains essential that we collect sufficient signed proxies for a quorum in order to schedule the 2004 Annual Owners Meeting in the near future. We still need your support if you have not yet given us a signed blue proxy. Clean copies will be given, upon request, by the staff at the front desk. Please pick-up a copy from the front desk and forward it to any one of us.
Best Regards,
Nancy Cherner (24C), Jared Danziger, Ron Giustino (24A), Raymond Joe, Altan Kolsal (9H), Diana Moore (31A)
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