Post reply

Re: Manhattan Club Lawsuit (by Paul D.):

I recently received a request from Financial Services to pay my 2015 dues. Following is my response. If I hear anything of value for this forum I will post it.

In addition to responding to my questions below, I would like to know how much of my maintenance fee is going towards paying the owner's legal bills for the state AG lawsuit. Also, how much of the fee represents "retained earnings" (profit) for the owner? How are the board members, who presumably approve the annual maintenance fee increases, elected? I have never received a ballot to vote for the board of directors. Are all appointed by the owner? Is there a cap to how much the maintenance fee can go up each year? Mine has increased on average 10% in recent years, and has gone up over 400% since I purchased my week in 2000. Was the initial fee ($500) a "teaser"? What accounts for such exorbitant increases? What is TMC doing to exercise financial restraint so that owners are not priced out of their ownerships? Again, I would appreciate a written response to these questions.

----- Original Message ----- From: Paul deWitt <pauldewitt@bendbroadband.com> Date: Monday, March 23, 2015 2:36 pm Subject: Re: Contract number 11999

> How much is the fee for 2015? I don't understand how you can > assess the fee when TMC is enjoined from sales during the lawsuit > and owners are not allowed to give their units back. No one in > their right minds would even take it as a gift with all the > questions surrounding the lawsuit. I tried to do that last year and > the other party backed out after finding out about the litigation. > I would appreciate a response to this email, not a phone call. > > Sent from my iPhone