🌐 Read this article in: English Español As of today — Sunday, March 22 — we can already predict how the next board meeting will unfold. What We Know • There will be a board meeting within the next 9 days• Notice will likely come late — often within ~48 hours of the meeting• A…
🌐 Read this article in: English Español 3 Key Takeaways $1,053,515 Insurance Over-Budget Insurance was over-budgeted in 2024 and 2025 by more than one million dollars combined. $495,169 Unpaid Owner Dues Nearly half a million dollars in assessments remain uncollected. Budget Question Insurance Dropped in 2026 Insurance costs fell by $366,260 in the 2026 budget,…
🌐 Read this article in: English Español Key Takeaways We are the ones who will pay. The allegations stem from routine Board approvals and issues that should never have escalated into a lawsuit. This board uses security to illegally enter apartments to look for violations. This appears to be another example of avoidable conflict created…
🌐 Read this article in: English Español Key Takeaways Owners are learning important BK1 updates at the BKMA board Meeting — not from our own board. A new manager was announced publicly elsewhere, yet no formal update was provided to BK1 residents. BK1 has not signed up for vibration monitoring for the Mandarin Hotel implosion,…
🌐 Read this article in: English Español Key Takeaways On February 25, it took 36 minutes to notify residents that the alarm was false — an unacceptable delay during a potential emergency. When alarms sound frequently without clear communication, residents become desensitized — creating serious life-safety risks. Communication failures and lack of proactive notice during…
(A continuation of: “You Need to Know”) Key Takeaways The association’s wind insurance includes a $20 million sublimit, which may be far below the building’s true insurable value of $118 million. The Association was advised that coverage did not meet lender requirements and chose not to increase it due to premium cost. This insurance gap…
