Many residents are worried that if prospective buyers and their agents get too much information it will kill the resale market here at Tanasbrook. As a result, the board has implemented an intentional policy of controlling what they view as negative information.
Of course, in a free society, censorship is doomed to fail. In fact free access to information is the key to making informed economic decisions. However, I do sympathize with the condominium unit owner that has seen half the value of their investment evaporate since the high 5 years ago.
The most recent reserve study recommended 2011 maintenance expenditures of one million dollars. The board has deferred most of the recommended items because they don't have the funds. This has been a recurring pattern for 30 years at Tanasbrook Condominiums. As a result, deferred maintenance becomes a larger liability each year. lacking strong leadership, and dealing with a mostly apathetic group of homeowners, there appears to be no will to do things differently
