The Board is floating a proposed First Sale Capital Assessment. We don’t see any downside to this but also don’t see how it will help pay for the major improvements EMP needs in the near-term.
There will be informational meetings on Tuesday, November 13 and Wednesday, November 20 at 7:30pm in the H Community Room.
Undoubtedly, the obstructionists will oppose this just because…
I am all for generating more income but this program will make it much more expensive for people doing internal transfers and growing families to move into a larger apartment. Recently 2 bedroom apartments have been going for over $35 thousand, which means they would cosy over $70 thousand, and a 3 bedroom would be almost $100 thousand. The board should find other ways to raise money without making EMP so expensive for our growing pfamilies.
Does anyone know the date of the next shareholders meeting when they will be voting on this proposition?
Hi: The Annual Meeting is Tuesday Dec. 17 at 8PM at the Dental School. The vote is Wednesday, Dec, 18.
Thank you.
So am I correct in understanding this rule, if passed, would go into effect somewhere around January 18, 2014?