At the last meeting of the Tropicana Co-op Board, a startling revelation emerged. It seemed that the Co-op might have trouble meeting its bills, especially the large mortgage payments. It appeared that the income would not cover the cost. In addition, those who put the deal together did not calculate the tax obligation properly. Curiously, very few people seemed to be concerned, even though their investments are at stake, and this also impacts homeowners who are not shareholders.
And what happened with the outside audit that took place recently? What did they find?
These concerns motivated me to establish this blog in the hopes that a conversation could be had among the shareholders and homeowners, and that it might be a good way for the Co-op Board, who are our elected representatives, to communicate with their fellow shareholders. It also seemed like an ideal way for information about Park maintenance to be provided by management to us.
I am baffled by the silence on the Tropicana Forum. Maybe all of you are satisfied with reports that might be disseminated in other ways. I haven’t seen anything. A blog is the only way of having a discussion, short of attending a meeting in Florida.