Sun City Anthem Board Member Clarifies Self-Management Transition Cost

 

Sun City Anthem Board Member

Clarifies Association Transition Costs

In an attempt to open the lines of communication between residents and board members, Sun City Anthem Director Carl Weinstein has sent us information that clarified a previous article written by Anthem Opinions.

We are proud that Mr. Weinstein has chosen to respond to that article, and we at Anthem Opinions, in our dedication to telling THE FULL STORY....are more than happy to provide this to you.

Thank you, Carl.  It is this form of dialogue that we have desired for years...and you...are to be commended for taking this step in "opening up the lines" between Board and Residents.

We hope that other board members will also take this path to UNDERSTANDING.  

Anthem Opinions Administration

States Mr. Weinstein:

I noted on your blog that there have been comments alluding to the fact that when we give FSR their termination letter we would be responsible to pay them  a three-month termination fee, or, approximately $100,000. 

I can see that some would believe that because two of our Board members made unclear references regarding termination and/or fees. 

This is to clear that up. 

We pay FSR approximately $36,000 a month for their services.

What the Board members meant was that the sooner we terminate the agreement, the sooner we save $36,000 a month. 

So by stating that we hope to accomplish the transition three months earlier than projected, we will save the $36,000 we WOULD HAVE PAID, if we were still being managed by FSR during those extra three months which were no longer needed. I hope this clarifies this misunderstanding.

Where the confusion may have existed is that Sun City Anthem must provide a 60 written notice of contract termination.

Carl Weinstein

SCA Board Member