One Hanson Board Jacks Common Charges 17 Percent

Categories: Condos, Fort Greene

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According to a letter that went out last week, life at One Hanson Place is about to get more expensive. While 2008 expenses were less than expected, the Board of Managers foresees more costs this year. A couple of the reasons include service contracts for the mechanicals and the purchase of an apartment for the “resident manager” of the building. (Nice gig!) In addition to being irked by the rising costs themselves, our tipster was extra-peeved when he learned that the Board doesn’t have a single condo owner on it, that it’s basically the tool of the developer. Can anyone confirm?
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January 21, 2009

All Unit Owners
One Hanson Place Condominium
One Hanson Place
Brooklyn, NY 11243

Re: Common Charge Increase

Dear Unit Owners:

The building’s fiscal year-end was December 31st and the Board of Managers met in order to review the 2008 operating expenses and prepare the budget for 2009.

The building’s actual expenses for this year, 2008, were less than projected; however, in 2009 there will be expenses that were not required during the first year of operations. These expenses include service contracts for all of the mechanical equipment in the building, expenses related to the purchase of the resident manager’s unit, as well as increased operating costs in utilities, water & sewer, insurance and payroll-related expenses.

It is the Board’s responsibility to ensure the building remains financially sound, and only to increase common charges in order to meet projected needs. As a result, effective March 1st, 2009 residential common charges will increase 16.93% – this fiscal discipline should make 2009 a successful year. The common charge increase will be retroactive to January 1st and will be billed in two installments in March and April.

The Board does not take lightly the need to raise common charges and thanks everyone for their understanding.

Board of Managers

By Brownstoner | 01/29/2009 9:31 AM