Although we have news of stormy weather approaching by mid week, this morning is gorgeous. I hope the tropical depression doesn't gather too much more strength, we've been so lucky this season. So it will be clear the terraces and batten down the hatches come Wednesday evening!
Sometime last week a contributor mentioned the unavailability of loungers for the beach - well your plea has been noted as access to the beach loungers can now be arranged via the Security Officer in the lobby. Multi-tasking contractors! They cost $3 per day - the loungers, not the Security men.
More piles of limestone fill have been dumped on the sand pit area.
City Markets on Seahorse has been undergoing a major reorganisation - the shelves have been emptied and cleaned and re-ordered, so shopping is now a mix of both a pleasure and a discovery trail. Food prices have not improved but the really good news (potentially) is that International Distributors have just opened a huge trans-shipment facility at the Harbour and has been given a licence by the Government to sell fresh fruit and vegetables directly to wholesalers and retailers in the Bahamas. This may mean some really good tomatoes and salad greens at last, fingers crossed.
There have been no signs of the G7 Contractors on site since I arrived on October 2nd although I have seen PG and JD checking roofs/terraces with a local construction man.
The are more and more people around the complex, either Owners or guests, and it is good to see groups socialising around the pool on most days. I've seen the BBQ in use too. Oh that we could get the Pool Bar operating again. Could it really take 10 years to reach Court?
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To Directors of Coral Beach and The Shareholders
WITHOUT PREJUDICE
This is directed to the notice that Coral Beach is about to entertain offers on Unit 2302 ( owned by the Corporation).
The HISTORY that I can provide you on this is a s follows;
-The Corporation put this unit up for sale a number of years ago.
- I put in an proposal which was accepted.
- The lawyers for the Corporation negotiated an ‘Agreement of Purchase and Sale” with me on this unit.
- There one of the conditions in that agreement that required the Corporation to do some work on the unit prior to closing.
- The agreement was executed by myself and the Corporation.
The Corporation NEVER completed their work as agreed to in the contract.
About 2 years ago I met with the President to try and resolve this and a meeting was arranged between my Solicitor , the Corporation Solicitor and the Corporation representative. AT this time it was agreed that the work would be completed and I could proceed to close. The work was never completed.
Last spring I again met with the President and he had me view the Unit with 2 members of the Board to go over the issues. We met on site and they indicated that this would be resolved shortly.
The issues have not been resolved.
I currently have a BINDING AGREEMENT OF PURCHASE AND SALE on Unit 2302. It is still subject to the Corporation performing certain work so that I can close.
I have “ Original Copies” of this documentation.
Current;
If this unit is sold to anyone else this constitutes notice that ,
-The Corporation will be subject to a law suit for ‘breach of contract’.
- The Directors participating in any such sale will be Personally sued as they will be in ‘breach’ of their duties as Directors of the Corporation and duties they owe the Shareholders.
- Anyone purchasing this unit will be doing it knowing that it’s ‘legal status’ is unresolved.
- I will be forced to start an action for “ Specific Performance “ that will only cost me and the Corporation more money ( which as we all know will go to the lawyers and our Corporation seems to pay them a lot)
It is unfortunate that this has to come to this, but, it appears to be symptomatic of how this Corporation operates.
Respectfully
Steven Leistner.
Oh my God - I can't believe it! It is True! Bruno, What happened? I just received the article from the paper today.
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