I am an owner at an Association in New Jersey of 700+ units. We have been subject to added/special/emergency assessment for 9 out of 10 years. One year missed as we took out a mortgage for capital improvements that are to date not complete. An Emergency Expense
Assessment for 2009 was place on members effective April 2010. The 2009 assessment was made permanent and effective April 2010 an Emergency Assessment to pay for outstanding debt carried from 2009 was imposed. One of the items listed was water/sewer excess usage for $45,000+, I have in my possession from the utilities authority open records current as well as prior years billing records and this
Condo Association has never exceeded what they had budgeted for, as a matter of fact slightly below. I questioned the board in writing and in person. Their answer to me was from the associations’ attorney quoting NJSA statues and telling me I can inspect the general ledgers and yearly budget. The budget presented to members had addition errors also. I request ADR. Would love some input.
