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Re: Manhattan Club Lawsuit

Another very concise analysis of the meeting. This needs to be forwarded to the Judge and more importantly to the Attorney General's office. [Q=viviens2] The meeting on Aug. 3 was the first Member Association Board meeting we attended since we became owners in 1997. Since we did not receive an invitation, we were denied entry despite the fact that we showed them our Manhattan Club ID cards. The reason given was they were at full capacity. We waited until 9:30, 30 minutes past meeting time, when someone came out of the meeting room and told us that she was leaving because the meeting had not started and she could not wait. She also told us that the meeting room was half empty. When we approached TMC "door keepers" again, they final allowed us in. Jill gave a good summary of the meeting proceeding in a previous post. The meeting was one sided, on the side of the sponsored board members speaking favorably on the side of TMC. They refused to discuss any questions remotely related to the ongoing lawsuit. Three existing non-sponsored members were re-elected to the board. I did get chance to talk to one of them and this is what I come out of the meeting with: 1. Members in good standing will bear the burden of the delinquent timeshare maintenance fee. As more and more owners refuse to pay their maintenance fees, the rest of the owners will have greatly increased payments to make up the shortfall. 2. The developer, when allowed to resume sale of the foreclosed units, will pocket the money. None of the sale proceeds will be used to reduce the cost of the maintenance fees. 3. There was no exclamation for the developer's high management fees.[/Q]