Tonight the owners met with Kevin McGowan for the first meeting of the Motor Lofts Condo Association. Topics covered in the agenda:
Renters will soon join our ranks - Kevin wanted to assure us that the renters will be thoroughly screened, and will help with the payment of condo fees, etc. There will be rules for the renters, and the building should fill up eventually. If you would like to rent another parking space, contact Blue Urban.
The annual budget was ratified - You received a copy of this in the mail. There were a few questions asked about the budget. Window washing occurs twice a year, and they will look into this soon. The phone budget is for the elevators and the front door. You're supposed to be able to access the front door long distance or through a cell phone, but some said they were having problems with this. Another question brought up concerning the front door is the video. You are supposed to be able to see who is at the front door on a channel on your TV. This function does not work and they are going to also look into this.
A new director to the condo asssociation was elected - Chris Mattler (the author of this article) is your new representative on the association.
I want to make myself available to listen to everyone's concerns regarding the building, and help develop resolutions that make everyone happy - or at least content.
Another aspect I'd like to develop is the sense of community in the building. Judging by the good nature of everyone at the meeting, and those of you I've met before, it shouldn't be a problem getting everyone talking to one another and developing relations. Maybe we could eventually plan community events within the building. Even Packard Lofts expressed a desire to communicate with our building, so we could eventually foster relations with our sister building...
I want to say I'm honored to be elected, and will do my best to represent the owners of the building. Feel free to contact me with any concerns. (You can access my email address though this blog)
MW Club - The topic of the fitness club was addressed. The original plans to make a club in the building at Washington and 22nd will not be completed. There is a tentative plan to move the club to the building behind Motor Lofts. This would involve tearing down part of the building in order to install a pool and putting a gym in the rest of the area. A question was raised about whether there would be a bar in the gym, and we're all hoping there will be one!
Property taxes and condo fees - A question was asked about how low property taxes were this year. The short answer is, yes they are correct because of some adjustment, but probably will be re-assessed next year, so expect them to go up next year. Condo fees, which are at $.07 per square foot right now will eventually go up to $.14 when the building fills up later on. Christina said that she would work on setting up ACH payments so you can make automatic payments.
Thursday, December 18, 2008
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2 comments:
Great recap Chris!! Congrats again!! You are going to be great!!
Just curious.......was anyone else told, prior to purchasing their loft, that the condo fees were for amenities that are not currently offered, such as an outdoor pool, fitness center, private club, etc...
I was told, prior to purchasing at Motor Lofts, that the condo fees were meant to pay for building maintenance and Club/Pool/Fitness center maintenance costs. Now, a year later, I am told that I need to pay the full condo fee for amenities that are not, and will probably not be, available for SEVERAL YEARS. This is infuriating to me.
Would I have purchased this loft had I known that Blue Urban would not deliver on their promised amenities? Seriously, last November, I could've bought a loft, in a building with a FABULOUS fitness center, roofop deck and pool, and paid condo fees similar to what Kevin McGowan told us we will be paying in another few months. Yet, we have no cool amenities to show for our additional fees.....they said trash pickups will increase, well guess what, the renters should pay for that, especially since they are DECREASING the value of our OWNED LOFTS.
Thoughts you would like to share?
I have hired a prominent St. Louis Real Estate attorney for another matter in my loft, and will gladly share his info with anyone that would like to talk to him.
Please know that I am not a trouble-maker, but when I feel like I am being treated unfairly, I will seek legal advice.
Happy New Year!!
Debbie
#412
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