Soho Central Condominium: October 2013

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.

Monday, October 21, 2013

Special Meeting Sat., Oct. 26 @ 7:00PM

Please read as many past posts as possible. Remember that the Residential Areas pay 65 pesos per square meter in dues and that the Commercial Areas (large part of 1st and all of 2nd and 3rd) only pay 26.5 pesos per square meter. Yes, they have had reductions! They were first reduced to 41 then to 26.5 by the Board of Directors.

Many Unit Owners want a fair and honest deal. Are we getting one?

Will there be an increase in dues for Residential Areas?

The external auditor was changed by the Board of Directors. Why were the Unit Owners who are by law members of the condominium corporation (Soho Central Condominium Corporation) denied the right to vote on such an important change?

In the recent posts to this blog, carefully read the amendments and how there is to be a severe penalty for residential unit owners late in their dues and NONE for commercial areas.

In another recent post referring to a past quarterly report read the quote and ask yourself why certain Directors of the Board are still on the Board. Is it true Words are BS, Actions Count? Where is the action promised? Members meet very seldom as arranged, time to demand removal. August is past and action is needed as stated and signed.

I would ask all members to take a careful look at the annual financial statement. So much is kept from us so when they do give us some piddling amount of information we must care for it. There are some curious things in the statement and one item is glaring. Yes, the statement is prepared, printed and signed. Now is time to ask what, where, how and who.