Monday's City Council agenda includes consideration of a $33,000 annual condo fee for the Senior Center that is part of The Monarch condo development.
The fee for upkeep of common areas is $2,750 per month for the Senior Center, and if the Veterans Center ever gets turned over to the city, there will be an additional fee for that space, which is also a condo. The 63 2-bedroom, 2-bath residential units on the upper three floors are each assessed a monthly maintenance fee of $265, plus a water and sewer assessment fee of $21.17.
The matter of condo fees was on the January agenda-fixing list for discussion, but never got moved to the regular meeting for a vote.
Meanwhile, with only about one-third of the residential units sold since 2009, the company is offering lease-to-purchase plans for renters. The price for the residential units has also dropped by about one-third or more since The Monarch's inception.
Still unresolved is an arrearage of costs for condo fees and fit-out of the space, or at least there has been no public announcement of a settlement.
It would be of interest to know whether the issue has been negotiated successfully. In addition, the full cost of operating the center should be disclosed, including utilities. When the center was a tenant at 305 East Front Street, the building owner was responsible for electricity use and air conditioning, but as a condo owner, the city probably is liable for such costs at the center.
The agenda-fixing session is 7:30 p.m. in Municipal Court, 325 Watchung Ave. Click here to view the entire agenda.
that rug is starting to bulge in the middle fro all the items swept under it.. Guess that rug has become the ultimate pink elephant
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