65 ↓ 41 ↓ 26.5

65 ↓ 41 ↓ 26.5

No this is not a temperature drop.  If anything, it has been one of several issues to cause temperatures to rise as will our rates if this is not fixed by the Board.  The only effect will be a contributing factor to values dropping due to a fair deal being violated.

65 pesos per square meter is what the residential areas pay as I had written about in the past.  The commercial floors were paying this then their rate was dropped to 41 pesos per square meter by the Board and then another drop to 26.5 pesos per square meter again by the Board.  Who does and picks up on the 38.5 pesos difference?  The residential areas.  Who are the residential areas?  Unit Owners.

Fair?  Does such a word or concept exist in Soho Central Condominium Corporation or its mismanaging?

At a recent gathering with Directors from the Board who were not elected as none have been, several Unit Owners asked them questions.  One question was "can we do anything" about this rate difference?  The reply from a Director was NOTHING.  Yes, a Director on a Board that lowered the rate states nothing can be done.

So let me understand this for the umpteenth time, Unit Owners are official members of the Soho Central Condominium Corporation which has a Board with no elected Directors and only one is there legally as I read the court decision Valle Verde vs Africa.  Unit Owners have been denied the right to be represented and only this year was there a second attempt at a Special Meeting for a quorum.  Why?  I write and talk as others telling people what is going on here.

I have news there is another way for an election.  The big question is why have those on the Board not taken that step?  Do they know what to do?  Are they waiting for me to write about it, create pressure and then they will act.  Of course, they may act and not give proper credit.  I will then perhaps be subjected to another Open Letter attacking me for 17 still unanswered letters.

Those letters will be answered.

The Board serves who?