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Call a Special Meeting of Residential Unit Owners

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Call a Special Meeting of Residential Unit Owners 

We, undersigned unit owners in the residential section of the Princeton House Condominium, representing in aggregate more than 25% of the common interest of the residential section, pursuant to section 3.3 of the condominium by-laws, direct the president of the residential section board to call a special meeting of residential section unit owners to be held on January 26, 2012 or within five business days thereof, on a weekday evening except for a Friday, at a location within one-half mile of the condominium, for the purposes of:

  1. Considering and voting on motions to repeal the termination of the management contract with New Bedford Management, and to fulfill the remaining terms of said contract,
  2. Considering and voting on motions to repeal and cancel any other contracts and/or agreements entered into by the board or any officer thereof with any other management companies other than New Bedford Management,
  3. To consider and vote on removing all seven board members currently serving on the residential board from their positions on the board, pursuant to by-law section 2.5,
  4. To hold new elections for all seven residential board positions

 

Here are our concerns and justifications:

  • By prematurely terminating the management contract with New Bedford, the board has exposed us to a lawsuit of $80,000.*
  • The current board has completely mismanaged the staff to the point where the staff manages them.*
  • The building is broke. "The building does not have sufficient funds in its accounts to pay its bills. However, despite the Board's full knowlege of the building's woeful financial condition, Ms. Flaum and the other board members have refused to inform the building's owners".*
  • This board has not approved a budget for 2012. Instead they have "shirked their responsibility to the building owners by falsely claiming that they cannot understand the basic budget that New Bedford submitted months ago". *
  • Board member Ronnie Dobkin was in arrears when elected and continues to be. The board conveniently offered a payment plan which excludes legal fees incurred due to her original delinquency. Would a non-board member receive this special treatment?
  • The eighth-floor carpeting project remains unfinished. This project has been fully funded for months by the owner who caused the damage. Yet despite having over $10,000 in hand for renovating nothing has been done. Where is the new carpeting? Where is the money?

    • *See supporting documents in the Files section at http://groups.yahoo.com/group/PHBoardWatch/ (you need to join the group to view the documentation) 

     

    Please make sure to include your apartment number in the comments field when you sign.

    Thank you for your support. 

    Contact us at info@PHBoardWatch.com 

    Visit us at www.PHBoardWatch.com.

    Sponsor

    Princeton House Board Watch. Visit us at http://groups.yahoo.com/group/PHBoardWatch/ Please make sure to include your apartment number in the comments field. Thank you for your support.

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