Manhattan Club Lawsuit

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Original Message:

Re: Manhattan Club Lawsuit (by Larry C.):

TMC released budget for 2018. Shows reserve for bad debt has risen to over 7 million dollars ($7,031,441). Based on the total income from maintenance fees for 14,872 timeshares of $37,122,176, this bad debt is about 2817 members not paying (using an average maintenance fee of $2,496). So approximately 18.9% of the total owners are now not paying the maintenance fee.