The Highpoint Condominium Association approved a $125.00 drop in their maintenance fees at last night’s board meeting. Four years ago, the maintenance rate was $255.00, but has been lowered three consecutive years. Effective December 2010 the rate will be $130.00. Additionally, in the past four years, the Association invested over $180,000 in surveillance cameras around the premises which can be monitored remotely as well as by the Lakewood Police department.
The development is located on Prospect Street near the new Central Park development.
Thank to the vision of the board
So now we can move there
congratulations myron
I think they meant near the Prospect Park Development, not Central Park.
Great now I can save about 2,000 a month on my fees. Thanks myron. But there is more to this story. Until now the association paid the water for all the units. They recently made seperate water meters for each unit so the owners/tenants now pay the water which as anyone in lakewood knows is about 125 a month for an average family. Besides the fact that the homeowners funded the installation of of the meters with a special assessment on top of the usual monthly fee. So for an investor who might still get the same rent as before and have the tenants pay the new water bill its a nice thing but for a owner occupied unit (if there are any) its taking from one pocket and putting into another. Even investors might have to charge less rent now because the tenants have to pay the water. So if this is an advertisement to buy a home to live in then its not really a gain because its paying water to save homeowners fees its a wash. If its an advertisement to rent then its actually a loss for the tenant because now you have to pay water and I’m sure the rents won’t be lowered to make up the difference. The only one that this helps is the investors that can hope to charge the same rent and have the tenants start pay the water(good luck with that on an existing tenant) otherwise this is not any change at all. The new management has done a lot of good in areas like security and efficiency etc. But they did not lower the fees by reducing it as I explained, because now the owners/tenants have to pay the water.
Water meters were paid out of the operating account when I took over, elimating the waste. The specical assesment that was collected two before me was spent of other expenses. When I got there only three blds were converted because of no money. Your Board invested in 2009 over $180,000 in cameras, out of the operating budget and reduced fee in 2009 by $25/month. You are not giving the Board its just thanks in doing a great job
I’m not saying the new management hasn’t done excellent work on security and other issues. They did eliminate waste. However the blaring headline “board lowers fees by 125.00 a month” is balogny and misleading. They lowered it 125 and then added water bills to the owners payments. It might be a few dollard savings like maybe 12-13 dollars a month to some and it might add a few dillars to others. but a lot of associations lower fees 10-12 dollars a month. Is that commendable? Yes! Is it news worthy??? absolutely not!
What are you talkin’ about? They lowered it 25$ at this meetin’ not 125! And the highest it ever was was 180 I don’t know who’s feedin’ ya’all this inaccuracies. Is someone trying to promote somthin’ here? You should really verify your info before making grand statements.
sometimes u have to step back and see things from afar and move in slowy. The association has come a long way to get to the point of contact we are right now. we must appreciate those who have helped us get here and remember where we came from, the struggles that we face coming in and now we are on our way to a better and brighter future. There is always a give and a take, some want to take, rather than give.