Yesterday morning Mauricio Rivero and myself had a meeting with Hector Medina (TSD), to discuss the following:
Delinquency status for HOA dues for May and June for all of TSD properties:
They will pay 100% of these dues next week.
What properties will they be selling to Homex and when:
They are negotiating ALL properties, including all lots in AV, Posadas, Beach club and every other empty lot (i.e., E3). Hector said they finished about 90% of the negotiations and he expects that HOMEX will make an official announcement before the end of this month. Later in the meeting he talked about first and second sales stages ( he mentioned that the beach club and E3 would be negotiated on a second stage )
What would happen with Paseo:
This is part of the pending negotiations with Homex, they are talking about only repairing Paseo ( not improvements ), he said basically paving and building curves, but this is yet to be confirmed.
Dirt lot where beach club is to be located:
He agreed to allow us use the dirt lot at beach club going from Paseo to beach construction road to park construction cars and get them out of Paseo, this obviously until the property is sold.
AV benefited assessment:
He told us their attorney was in disagreement on the procedure the assessment was approved, I asked him if I could contact him and find out what is exactly what he believes it was incorrectly done, so in case we need to do the process again I could talk to the committees, he agreed, but he also mentioned that even if this issue was fixed there is also a cash flow problem, and he said he just doesn’t know from where TSD will get the money to pay this assessment
900’s at AV
He told us they were working on creating a new Sub regime for these lots, he understands that an assembly for the Master association needs to take place to approve this, and he believes that they should be ready to request for a master assembly in order to discuss and approve this in around 2 months.