To: Board of Directors/Management Company

On behalf of the residents of Battery Heights Condominium, we are writing to formally express our collective concerns regarding the proposed increase in condo fees and the $3,500 special assessment.

While we recognize the importance of maintaining and improving our community, the significant increases proposed will place an undue financial burden on residents. To better understand the necessity of these measures and explore alternatives, we respectfully request the board provide the following:

• A detailed breakdown of the projects or expenses driving these increases.

• An explanation of alternative funding options considered, such as loans or phased fee adjustments.

• Evidence of efforts to reduce operating costs, including adjustments to the budget, to minimize the financial impact on residents.

• Justification for uniform assessment amounts across all unit types, despite potential differences in property size, value, or resource usage.

• Clarification on the association’s rental properties, including an explanation of why selling them has not been considered to address the funding shortage.

Additionally, as a cost-saving measure, we propose the following options:

1. Transitioning the onsite management office to a virtual or offsite operation, which would reduce overhead costs while maintaining effective communication and support for residents.

2. Implementing smaller, phased increases in condo fees over a 2–3 year period to ease the financial burden.

3. Exploring financing options to address short-term cash flow needs while maintaining reserves.

4. Temporarily closing the community pool for 2-3 years to significantly reduce maintenance, staffing, and operational costs until the financial burden eases.

5. Holding an open meeting with residents to discuss these financial challenges and collaborate on potential solutions.

Transparency and collaboration are essential for fostering trust and ensuring that decisions reflect the best interests of all residents. We kindly request a detailed response to this letter by December 15th, 2024 along with a commitment to engage with residents in an open and constructive dialogue.

Thank you for your attention to these concerns. We look forward to working together to achieve a fair and sustainable outcome for our community.