At the 26 June 2008 Board of Directors meeting, a unit owner suggested that, in light of our Association’s unfortunate experiences with Managing Agents, we NOT hire another Managing Agent. Instead, our Association would presumably directly hire employees necessary for our Association itself to perform the duties that Managing Agents have been performing for our Association.
Article III, Section 3 of our bylaws addresses employment of a Managing Agent for our Condominium. You can view this Section by clicking on the following link and then going to the bottom of page 17, where Section 3 begins. (Section 3 ends on page 19.)
http://www.marketstreetattowncenter.com/docs/BylawsV4.PDF
The portions of Section 3 relevant to the suggestion that our Association self-manage are quoted here: “The Board of Directors shall employ for the Condominium a ‘Managing Agent’ at a compensation established by the Board of Directors….The Managing Agent shall be a bona fide business enterprise…which manages common interest residential communities. Such firm shall have a minimum of two (2) years experience in real estate community management….The Unit Owners Association and the Board of Directors shall not undertake ‘self-management’ or fail to employ a Managing Agent without the consent of a Majority Vote of the Unit Owners and the written consent of Mortgagees together holding sixty-six and two-thirds percent (66-2/3%) of the Mortgages on the Condominium Units.”
Please note that consent of only 50.01% of us unit owners is needed (as opposed to the 66.67% needed to amend the bylaws). Perhaps the harder task would be to get the written consent of 2/3 of the mortgage holders (lenders).
I lean in the direction of preferring self-management, but I’m not sure if it would be worth the large effort that would be required to get the necessary unit owner and mortgage holder consents. Even with a large effort, it isn’t certain that we would succeed in getting the necessary percentages of consents.
If you have an opinion regarding which way our Association should go on this issue, I urge you to post your comment on my forum at this link:
http://mstcuoa.proboards59.com/
Sunday, June 29, 2008
Monday, June 2, 2008
Market Street Parking Disconnects
As a resident of Reston Town Center, I am concerned about confusing and illogical parking spaces on the south side of Market Street.
[Circa June 2010, the yellow-curb problem discussed in this paragraph was corrected. The inappropriate yellow curb was painted-over with concrete-colored light-gray paint. I am glad to see this improvement.] The curb in the Hyatt hotel block, and continuing through the movie theater block, is [was] painted yellow for parking spaces where the signs permit one-hour parking. The next block west (across from Morton’s and Starbucks) also has a one-hour parking limitation, but no yellow curbs for those parking spaces. I don’t understand why the Hyatt block and the movie theater block have the yellow curbs. Those yellow curbs seem inconsistent with the unpainted curbs in the next block, and with the usual “no parking” meaning of yellow curbs.
Two blocks farther west, the parking spaces in front of Market Street at Town Center Condominium (12001 Market Street) are improperly located relative to the fire hydrant located about 100 feet west of St. Francis Street. The locations of the concrete strips marking the front and back of each brick parking space are inconsistent with the location of that fire hydrant and the 30-foot yellow-curb “no parking” zone associated with that fire hydrant. For the two nominal 22-foot parking spaces closest to that hydrant, one has only about 10 feet of curb not painted yellow, and the other has only about 4 feet of curb not painted yellow!
Such incongruities suggest Reston isn’t the planned community it has been reputed to be. I wonder if something can and should be done to correct these disconnects.
[Circa June 2010, the yellow-curb problem discussed in this paragraph was corrected. The inappropriate yellow curb was painted-over with concrete-colored light-gray paint. I am glad to see this improvement.] The curb in the Hyatt hotel block, and continuing through the movie theater block, is [was] painted yellow for parking spaces where the signs permit one-hour parking. The next block west (across from Morton’s and Starbucks) also has a one-hour parking limitation, but no yellow curbs for those parking spaces. I don’t understand why the Hyatt block and the movie theater block have the yellow curbs. Those yellow curbs seem inconsistent with the unpainted curbs in the next block, and with the usual “no parking” meaning of yellow curbs.
Two blocks farther west, the parking spaces in front of Market Street at Town Center Condominium (12001 Market Street) are improperly located relative to the fire hydrant located about 100 feet west of St. Francis Street. The locations of the concrete strips marking the front and back of each brick parking space are inconsistent with the location of that fire hydrant and the 30-foot yellow-curb “no parking” zone associated with that fire hydrant. For the two nominal 22-foot parking spaces closest to that hydrant, one has only about 10 feet of curb not painted yellow, and the other has only about 4 feet of curb not painted yellow!
Such incongruities suggest Reston isn’t the planned community it has been reputed to be. I wonder if something can and should be done to correct these disconnects.
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