The Pool Project
Not being one to shy away from controversy – here goes!
I want to have the pool repaired, so we can all use it and enjoy it once again. However – I want to make sure we do that in a fiscally responsible way.
The original vote which was taken about the pool was, at best, confusing. Unit owners were asked to choose between an expensive repair (about $300,000) and removing the pool entirely, also for a hefty price(about $75,000).
I think some of the people who voted that they wanted the pool removed did so because they did not want and/or could not afford an additional $100 or more condo fee increase for 5 years. And some of those same people had enjoyed the pool all summer for many years. But they had to vote to remove it anyway – because they could not afford a $300, 000 project.
Some of the people who voted for the pool to be repaired did so because, without the pool, our property value is lowered by about $15,000 per unit. That was my reasoning, anyway. And having a pool is one of the reasons living in a condo is nice. But just because someone voted that they want a pool does not mean they do not care about the costs.
So far, we have only one quote, which is very high, (base price $327,790 – with extras that could likely push the total to $400, 000+). The work to be performed is not spelled out in detail. Valid questions have been raised about the contract itself, which was received less than a week ago. We have not set up a finance plan, and yet, some people want to move forward with it. I do not.
I think we can find a way to get the pool repaired, at a much more reasonable price. And we owe it to everyone at Eaglehead to do so.
Please email or call me with your comments.