Portland Condo Owners Toss Out Homeowners Association Board That Imposed High Fees - Willamette Week: "Condo owners in the Cedar Mill neighborhood have won a reprieve from the new fees that many feared would drive them from their homes.
On Sept. 21, at the annual meeting of the Westlake Village Condominium Homeowners Association, the group calling itself Save Westlake Village took over all five positions on the HOA board.
They intend to rescind the fees the previous board imposed to pay for a $6.4 million renovation project for the 200-unit complex."
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Of course, there is another side to this that doesn't appear in this particular story. What is going to happen to the property now that apparently the renovation project isn't going forward?
1 comment:
"Of course, there is another side to this that doesn't appear in this particular story. What is going to happen to the property now that apparently the renovation project isn't going forward?"
Assuming the $372/mo regular assessment mentioned in the prior article is average - that's $372 x 200 units = $74,400/month.
Yes and there is also the unanswered question of where the $75,000/month taken in by the condo management has gone to.
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