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Re: Manhattan Club Lawsuit (by Gail J.):
I certainly understand the decision of some not to pay their maintenance fees but I question how the Manhattan Club can be run and bills paid if there are a lot of owners who do not pay their maintenance fees - just where do funds come from to make up the deficits? Is that where the $6,000,000 settlement comes into play and that money is to go into the HOA fund to pay bills. But again, how have bills in the past and present been paid -I wouldn't think there are any loans that have been made to the Manhattan Club. And also, I wouldn't think the HOA has enough in collected reserves to pay all the outstanding bills if there are a large number who haven't been paying their assessments? Any thoughts?