I have been asked to give this comment 'front page' emphasis:
In comment to the Treasurers/Building & Grounds Report a few things come to my mind...I find it very difficult to believe that 4 bookeepers in a row have all been either " inept, inexperienced or untruthful " as quoted by our Treasurer. Usually when this high a turnover exists the problems are most likely with the persons leading the business.
He then speaks of what most Owners don't know...how would we know anything that is going on, as the communication and so called transparency has been disastrous. We have seen no BOD Meeting minutes and we don't even know who is on the Board for sure most of the time.
As a Shareholder I do not like rhetoric. I want to see facts and figures on paper..such as the receivables owed us. He also states that his recommendation will be for NO increased maintenance fees, yet the only three months Profit / Loss Statements we received reflect and operating loss every month. On what factual and printed basis does he make this statement. I am all for lower maintenance fees, but as a Shareholder I must see substantiative evidence to support such measures...that's just plain good business..
Now we find out that they are terminating the contract with the Spalling Contractor..this will I'm sure bring on yet another litigation and will most likely bring with it increased costs to have the Project completed. Where is this problem reflected in the budget report.
I also wonder why we have so many problems with sub-contractors working for us...could be like the bookeeper problem and possibly not with the sub-contractors but with the leadership..?...
We have also been told that Engineers were consulted in both the U S and on Island regarding details for the terrace roof construction and roofing. I simply ask to view the reports of the Engineers consulted as to the recommendations and specifications for such a detailed and expensive project...?....not rhetoric...facts...
I could go on and on ...but in short..I am very nervous and uneasy with the current leadership
Marty Untch 3108
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5 comments:
Marty, I also am not for increases but when you budget for a loss and then your statements reflect a loss what is someone to think. Eventually the stuff must hit the fan.
A review of the BOD's own Statements, Promises, Notes from Owners Forums should help Shareholders determine for themselves the Tone of Leadership, their ability and willingness to communicate, the Integrity of their Leadership, help establish a time line and the BOD's success rate as relates to the Governance of Coral Beach Finances, the upgrading and Hurricane rehab.
Please take the 10-15min. and review the following on blog archives:
September 27, 2007
Letter to Owners from Coral Beach Board of Directors.
(contains chastisement of Pat Lihou blog and Bruno defense a "perceived personal indiscretion" other BOD statemnts)
October 16, 2007
Your Concentration Required (as others have suggested a must read).
Please read down through entries on Owners Forum.
(contains talk about Insurance [also future Ins. negotiations], finances, promises, etc.)
From my perspective and what facts I have been able to garner I can only conclude to date that there are too many discrepancies between what we are told and what really is happening.
I believe a changing of the Guard
is required.
Coral Beach by-laws/articles need to be revisited, updated and ammended as needed.
An open door policy available to any/all owners maybe even a go to liaison.
George (from Boston) Trawinski
# 2610
If I understand the Building and Grounds report they plan on doing 3more terraces.
Oh my gosh I am next to a terrace. Maybe Phil should hault construction on the others until someone with some knowledge can review the engineers plans that he said he received?
It sounds like you have a tremendous amount of knowlege, maybe you should be running for the board?
Marty,
Drifting from the content of your letter just as tad...You bailed out Coral Beach after the hurricane and the old BOD trusted your judgement completely ((as well they should ). Why hasn't the new BOD listened to a single recommendation you have given them about the current renovations. I know you advised Phil not to go ahead with the scuppers and you gave him valid reasons why the system would not work. Alas, they have all proved to be true.
Would you care to comment about the new tile roof Phil has had installed in bldg 3?
I was asked to comment on the new terrace roof installed on bldg 3
I have over 30 years of experience in the construction industry building primarily commercial structures. My Company is liscenced and State Certified in the State of Florida (CBC1254369) in which I am the qualified business agent. I have received certification in FLASH ( Federal Alliance for Safe Housing ) and have taken and passed all courses for Wind & Hurricane Mitigation Inspector Training in the State of Florida.
The terrace roof surface recently applied has a nice appearance...however...
I have serious concerns regarding the following :
Coping metal and scuppers : the purpose of coping metal is to cap off and direct rain water to the scuppers. It is generally installed to be 2 to 3 inches above the finish roof surface. It should be installed over a previously sloped subsurface..NOT installed prior to roof leveling. This procedure has made the top of coping and top of roof surface at almost the same elevation, therefore, water will flow over the coping and down the building face.
Roofing assembly : My concerns here is that the leveling compound has been directly applied over the existing bituminous roof membrane. There is little or no adhesion and we have basically a floating floor/roof assembly. My concerns here are that hurricane uplift forces that affect flat roofs in high locations could actually lift the roof and send concrete and tile flying...keep in mind...these are my observations and questions..I could be wrong and only ask to see certified Engineers reports and specifications on such procedures..
Ceramic Tile surface : I have never seen ceramic tile installed with grout on a roof surface. I am concerned with the movement, deflection, sunlight and various weather conditions that the tile grout will crack...?..the expansion joints they installed do not run continuous to each end..
We have a complex situation at Coral Beach in that roofing is also a patio...we also have a complex deflection problem that must be overcome for proper storm water drainage..this is why it is imparative to consult with roofing design Engineers that are familiar with not only civil engineering but engineering and design of structures within High Velocity Wind Zones...Marty Untch
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