I don't have a link, but there's a document popping up in news pieces, where the board gets good and blunt about how the concrete near the base had serious problems, that underlying rebar not so well protected any more surely had problems too, that last time they told everyone about it the cost was going to be about $12M, and now it's going to be $15M or so (plus 20% allowance for overages). Clearly that little letter, and the prospect of well over $100K per unit assessments, didn't get quick results from the homeowners, but it sure was discussed.Quote:
Originally Posted by evdog
I also kind of wonder how the city gets away with not finding the same stuff and threatening to condemn the joint, when that's what the board's own inspection revealed.
As for how that works for homeowners, previous residence got assessed for I think around $20K (per unit the size of ours), probably more than $30K in today's dollars, for redoing balconies, sliding glass doors, and a raft of other external things. People coughed up the bucks; I recall the board lining up lenders for anyone who couldn't cut a check.
