Fwd: Fw: Progress(?) report

[Jim McGrath]

FYI

---------- Forwarded message ----------
From: Alice McGrath <aliceh...@yahoo.com>
Date: Mon, May 19, 2014 at 10:46 AM
Subject: Fw: Progress(?) report
To: Jim McGrath <jim.e....@gmail.com>

----- Forwarded Message -----
From: Mary Keshishian <mkesh...@themichaelsorg.com>
To: John <jfe...@mchsi.com>
Cc: Alice McGrath <aliceh...@yahoo.com>; aron.a...@gmail.com
Sent: Sunday, May 18, 2014 8:32 PM
Subject: Re: Progress(?) report

Hi John:  Thank you very much for your email.  

Please note that all of the concerns we discussed during our last meeting (that which are included in your email as well) were brought to the attention of G8.  I've asked a few times to schedule the next board meeting with the directors and still have not had success.  I personally scheduled one for owners to join....and only one person joined my call.  I'm really trying....

Regarding the reserve account.  There is no reserve account.  Nothing was transferred when we took over management.

I'm at a standstill on obtaining bids for capital needs items around the community until we can have a board meeting/call.  As you can imagine, once bids are collected, the time clock starts as bids expire in 30/60 days.  I'm afraid to get this going without everyone on board.

The landscaping company previously servicing the community ran into some legal trouble and is no longer with.  We're currently going through the contract process to obtain a new servicer....that which should be in place by month end.  Unfortunately one of our staff members allowed for a company to begin servicing the site without the proper documentation.  I had to put an end to that for liability purposes...I'm sure you would understand.

I won't expect to see any change until the next board meeting is scheduled.  It would not be an efficient or effective use of our time otherwise.

Again, I appreciate your email and understand the depth of concern here.  Know that we are fully aware and acknowledge the concerns and will work diligently to show improvements.

Thank you,

Mary Keshishian, CPM/Broker

The Michaels Organization

Interstate Realty Management Company

2020 Kettleman Lane

Lodi, CA 95242

818-679-8154 (direct)

323-463-2388 (fax)

On Sun, May 18, 2014 at 8:01 PM, John <jfe...@mchsi.com> wrote:

Mary,

 

I drove through La Mirage today and I did not see any sign of improvements.  In fact, it looked worse. 

The dumpsters are still parked in the street with the few remaining doors hanging partially on. 

The road that had caved in was flooded with irrigation runoff.

The “club house” roof is still missing shingles.

There are units visible from the entrance road with their roof covering blown off and plywood exposed.

There are still dead trees throughout the place.

The lawn was past due for mowing were it had been watered, but many places are not getting water and have gone to dirt or dead grass.

There are a large number of “trashy” units with blown down fences and junk sitting out up front.

Many empty and abandoned looking units.

Paint and trim wood looking very sad.

Several units with the front screens sliced off after an attempted break-in.

A few vehicles that have been up on blocks for months.

 

Overall it is looking pretty bad.

 

I would like to know how the HOA fees are split between G-8 and the HOA.  I see the same crews working unsuccessfully on the sprinklers as I see remodeling the empty G-8 units.  How are the funds segregated and payments for HOA services tracked?

 

If G-8 is trying to drive out the private owners, they are not going to succeed since the units cannot be sold for even $40K.  There are no buyers interested given the current state of the development.  I understand the banks won’t lend unless there is an adequate reserve.  What is the status of the reserve?

 

Please send me the list of scheduled improvements and when we should expect to see any changes.

 

Sincerely,

 

John Ellis

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Mary Keshishian, CPM/Broker

The Michaels Organization

Interstate Realty Management Company

2020 Kettleman Lane

Lodi, CA 95242

818-679-8154 (direct)

323-463-2388 (fax)

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James McGrath, Notary/Bookkeeping Services