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Original Message:

Manhattan Club Lawsuit (by Anne O.):

I notice in the Schedule B Footnotes (#12) for budget 2019 we still have that Management fee of $6,482,049.

This is in ADDITION to $21,133,775 for LABOR (Footnote #1) which includes a general manager. The footnote that the MANAGEMENT FEE does not even describe labor but just is defined as 20% of the annual revenue.

Perhaps once Eichner is off this "management agreement" and no longer participating, this 20% extraction can be eliminated, or at least reduced to something more like 2%.

I hope you all got your link to the 2019 budget in an owners update letter. It's dated March 19, but I just noticed it! Will this link only work for me, or is it public? http://66.221.73.70/Annual-Budget/2019/FootnotestoScheduleB.html