Plan, plan and plan some more

QUESTION: Is Stonewall Central a better name for the property?
UPDATE (click): 2012 Audited Financial Statements
UPDATE (click): 2013 Annual Meeting packet
UPDATE (click): 2013 Special Meeting packet

AUDITED FINANCIAL STATEMENTS ANALYSIS 2009-2012 (click): A CPA analysis of SOHO Central Condominium Corporation's Audited Financial Statements

The Fantasy Vision

Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.









And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.

Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.

Thursday, March 28, 2013

Republic Act No. 4726 Section 16

The Condominium Act


This was brought up in the Bel-Air complaint and I have brought it up here in Soho Central.  A foyer and leases were made in the building with no vote by the Unit Owners.  In fact, the letters and action around the foyer are still in question by me and I will get to that as so much else with copies and a timeline which I find disturbing.
 

"Sec. 16. A condominium corporation shall not, during its existence, sell, exchange,lease or otherwise dispose of the common areas owned or held by it in the condominium project unless authorized by the affirmative vote of a simple majority of the registered owners: Provided, That prior notifications to all registered owners are done: and, Provided, further, That the condominium corporation may expand or integrate the project with another upon the affirmative vote of a simple majority of the registered owners, subject only to the final approval of the Housing and Land Use Regulatory Board."

*** comment received below ***

"fyi, it (investing funds, mortgage, leasing common areas, etc.) SHOULD BE APPROVED BY MAJORITY OF MEMBERS as per corporation code and condo act."

my comment:  If so as it appears, the Board and all those in management with this knowledge are in violation of the laws.  Beside the leases and seizure, there were two time deposits made and no vote taken.  Do we have a reckless Board?

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