It is interesting that Bruce Miller saw fit to highlight and conclude his article with the following quote from Bill Friedman, “The disagreement comes about because some owners believe that somehow, magically, they ain’t going to have to pay for it (the repairs).”
Unless by “some people” Friedman is referring to the Papes and by “magically” he is referring to their recent allegedly fraudulent activity at the Inn, which somehow I doubt, this attempted “spin” on Friedman’s part has absolutely no basis in fact.
We are all prepared to pay our FAIR SHARE of the necessary improvements.
Peter Bours, MD
Chairman, New AUO Board
This article appears in Feb 7-13, 2008.
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“We are all prepared to pay our FAIR SHARE of the necessary improvements.”
—————
So what is the definition of FAIR SHARE?
And what is the definition of necessary improvements?
All I have heard from you and the so called New Board (if you really won the election, there wouldn’t still be an Old Board, now would there?) is a bunch of whining and false accusations.
How much money is your assesstment going to be to complete your definition of necessary improvements? How much does 20 buildings completely re-roofed and re-sided cost? Certainly more than $8 Million!
Get your act together and answer those questions!
The more light of day this mess sees, the better. I believe that what Dr. Bours says is much more kind than I would be capable of.
This comment is to “Long time condo owner”………………It is disturbing to read your hostility………….Why are you so invested in the illegal actions?………..and, why do you make such comments without providing your real name?………. We owners who now have to spend our hard earned money on attorneys………..because the assessment was imposed illegally are only looking for an honest process.
Witness this…am not a long time owner, one of the new ones. There was supposedly a document, never delivered at escrow that says I have no vote on matters and secondly that Pape is to be reimbursed for their share of buying the properties. Had I known this verus being told it was being taken care of and 95% completed, versus not even started, I would not have invested. Nor can I at this time say….I am happy with the events. If I can not vote, have to repay someone for somethign they claim they did do and have not, then shoot, call me a screwed owner.
We purchased in May, 2006, with the repeated verbal guarantee that all exterior repairs were to be completed and that the funds were there to do that and that exterior maintenance and repairs were not our responsibility as individual owners. We are responsible for the interiors. Now we see a pile of siding that’s been in the parking lot since May, 2006, and have received a bill for “our share” of the improvements done before our purchase date. To add insult to injury, the Papes seem to have no problem asking us to pay for their share of the improvements as well as what they perceive to be our own, and even more, pad their pockets. All we want is a fair and equitable solution to this mess.
The purpose of this email is to inform you that we, several fractional-buyers and/or whole ownership buyers (anyone who purchased a condo from INNspired Corp.), at Inn of the 7th Mountain, are forming a litigation group. Our group’s focus is based upon the misrepresentations and/or fraud that may have occurred during our purchase process with respect to renovations and/or the special assessment issues, and to pursue a legal solution for it.
Attached are details regarding this phase for our group. If you are interested in joining to pursue a legal solution/remedy to the issues with the purchasing real estate transaction at Inn of the Seventh Mountain, then join our litigation group.
Misrepresentation and/or fraud in real estate transactions is a violation of the law; we seek to discover the truth of the matter at hand, and a solution that is right for each of us, together.
Jointly we can extract ourselves from a situation that we did not buy into. Please read the attached letter and join our effort, which includes notifying law enforcement officials and pursuing civil legal solutions to our personal and financial distress.
Please know that you are not in this alone, it wasn’t anything that we each did or didn’t do. The issue is we never received all of the documents (the sub lease agreement) as part of our escrow process, nor knew the truth of the matter.
Time is of the essence. Read this information, pledge your support, create a solution.
In Buyers Round Up Truth & Justice
email: innbuyersroundup@aol.com
We bought in June of 2007, we were told by “people in the know” that the material has been bought, there might be a slight assessment, but in the kitty (or soon after selling the front property to the Forest Reserve) was 10 Million dollars…We were shocked at all the bickering and fighting and we HONESTLY WERE NOT TOLD ABOUT IT. We feel cheated, mislead and fraudulently victimized. I hope that the powers to be can assist us in this predicament.
My Dear Long Time Condo Owner –
Sad. Sad, that you are not willing to “get your act together” and read the facts. All of the documentaton that we have fought so hard to obtain is posted on our web site http://innowners.com/. Take the time and read the information before you start throwing stones. Better yet – join the construction sub-committee and find out how much this is truly going to cost. Moreover, since you are a long time owner – do you have all the documentation that we are entitled to as owners per the bylaws (that has never been provided by the old board)? If so, please email it to the aforementioned site. Here’s hoping that once you (1) read the INNSpired contract (2) gain an understanding of how that has impacted the Inn since 2003 (3) understand how this will affect you and your investment moving forward, you will be sufficiently informed to speak on the matters at hand. Sincerely, Susan
Be careful what you ask… The AUO Board requested and received bids 2+ years ago to re-side the buildings and replace the failing decks on 20 (not 21) buildings. Bids were between 2.85mil and 3.5mil. Materials and labor! Yes, the new estimate is for a slightly, different scope of work. What I am angry about is that if the board would have presented this to the owners in ’08, it would have saved 35%. It is a simple formula that is spelled out in the ‘sub-lease’. Why not delay the decision for a mere 45 days and save millions? This is what I am most upset about. The 45 day delay would not have imposed any drastic harm or incurred any additional expense.
The Pape’s have imposed their mighty wealth on us, the ‘small guy’.
It is not surprising to me that the recent ArrowWood developments are not meeting the expectations with sales. I am not sure that I would be foolish enough to invest in properties that are directly associated with (if not part of the cause) this mess and legal battles that are starting.
One can only wonder about the identity of “longtime condo owner”. Only two of the one hundred and fifty private owners didn’t support the effort to remove the Pape controlled board, and I doubt that either of them either read the Source or wrote the comments above. Is it possible that an anonymous ghostwriter exists within either the Pape or Friedman organizations who has seen fit to comment on these matters. I wouldn’t care except that “longtime condo owner” called me immature (I’m a young 63) in a previous response to the original Source article. PB
I can’t help but feel there’s a trailer park somewhere missing some great prospects.