Case Of Cedar Woods Condominium Association: Quantum Developers LLC

Complainant states that in September 2016, he and his family went to Ansonia Morse, LLC, (Ansonia) located at 1550 W. Morse, and submitted an application for a one-bedroom apartment at 1550 W. Morse. Complainant paid the required $50 application fee and Leasing Agent Menchie Maduyag (Maduyag) accepted his application stating that Ansonia’s Manager Estera Cucu would review it. Two days later, Complainant states that submitted the required $300 move-in fee.

Cedar 28 Condominium Association (“the Association”) makes the following Litigation Disclosure Statement pursuant to Minnesota Common Interest Ownerships Act, Minn. Stat. § 515 B.4-107(b). The Association makes this disclosure in good faith based upon the best of its knowledge.

During the recession in Miami some projects went into foreclosure and the Swire Properties purchased 5.65 acres in Brickell. The company was able to invest without public subsidies and bank loans, regardless of the risky investment, but they acquired the land at a 64% discount.

The company’s debt position shows that there was rapid increase in Butler Lumber’s accounts and notes payable in the recent past, especially in the spring of 1991. This kind of notable increase of current liability should account for the increase mentioned above, which indicates the company’s great need of short-term funds.

There is emphasis on the responsibility that planners must serve the interest of the public through techniques that inform and structure debates and foster understanding (OPPI, n.d.). Members should respect the diversity of needs and values of the public while providing clear and accurate information on planning matters. These sections also cover the consequences on the natural and built environment. Through the planner’s action it is evident that he has neglected the interest of the public and has put the values of the developer first by presenting limited information. The planner did not foster understanding by providing clear and accurate information. Instead the information provided was vague and was not accurately represented since affects were not covered adequately in terms of the long-term consequences. Section 2.7 to 2.9 in the CIP addresses the fact that planners are responsible for disclosing full information when possible conflict of interest arise (OPPI, n.d.). In this case the developer and their proposed development and the public and the adjacent environmentally sensitive area created a conflict of interest. the conflict of interest was that the developer wanted to develop a community that aligns with their proposed plan whereas existing residents wanted to change the proposed plan to protect the forest. Since a conflict of interest arose the planner was responsible for

Was the amount granted to Burke and Maltbie a reasonable amount based on the damages?

1. Defendant PhxCap, LLC (referred to below as the “Landlord”), is and at all times mentioned in this complaint was a limited liability company, with its principal place of business located in Encinitas, California. Defendant is the owner of the property located at 1380 Garnet Avenue, San Diego, California, 92109 (referred to below as the “Project”).

While Cove Creek Condominium Association v Vistal Land & Home Development, L.L.C., et al., Oakland County Circuit Court Case No. 16-155706-CH (Order Granting Summary Disposition, Dated February 10, 2017) is only a circuit court opinion, it certainly provides a significant amount guidance in interpreting MCL 559.167. Until there is a published court of appeals opinion that interprets MCL 559.167, attorneys, co-owners, condominium associations, developers, successor developers and title companies should be aware of the following takeaways from the Cove Creek case:

The Westmount Retirement Residence (WRR) is calculating the cost per resident by dividing the total costs by number of residents. This number is then multiplied by inflation of 5 to 8

We have to pay especial attention to the agreement reached with the former Co-owner of the company, Mr. Verden. This agreement is affecting the cash flow of the company since the interest expenses raises by around $12,000.00 more per year, this together the financial interest of the Metropolitan’s Bank loan

I have been able to inspect 7 units at Greenbrier Condos so far. Every unit I inspected did not have the fresh air intake vent on the hot water heaters. I had Gary Matson with Isaac Contracting to give me an estimated price to cut two 12 x 12 vent holes per Custom air. One vent will need to be floor level and one at ceiling level. The cost for installing the vents and j channel will be around $500.00.

The company currently faces serious financial challenges. It was struggling with declining sales and increasing costs. Since 2004, revenues had fallen by more than 40% while costs especially for employees health insurance, maintenance, and utilities climbed. Credits and loans had been borrowed to

B. Low cash balance: A potential risk is that RhoMed does not have enough cash flow to cover the interest expense and principal payments. According to Exhibit 6, the cash balance in 1992 is 21,351, and the net cash flow is -37,783. Considering that the interest expense for 1993 is projected to be 27,000, the default risk should be highly considered.

We agreed to accept payment that would turn WoodCrafters no profit for work rendered, and allow for future work to be done as a means of paying off the $200,000 outstanding debt. Furthermore, we agreed that Pat would write-off the rent owed for 10,000 and only pay a total of 810,000 (490,000 cash and 2 condos with market value of 160,000 each).

The financial analysis of the balance sheet shows that the percentage of equity in the sources of funds is decreasing while the debt is escalating. Short term liability has compounded from 14% to 39% while long term liability had increased from 16% to 24%. The Debit/equity ratio shows an almost double increase in dependence on borrowed funds between 2007-2008, leading to a greater obligation of fixed interest payment, and a lessor safety margin for long term creditors. An increasing Debit-equity ratio can also create difficulties in raising additional loans. This triggered a potential lack of future financing, considering that Gerhard Schroder property developer had indicated that he was unwilling to continue to provide financial support to the organization. Additionally, they