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operating expenses,” Ulrich says. “Residents weren’t being informed about capital improvements, and even
of capital improvements, we didn’t have this level of funding available. Things began to look dark
Green. In addition, long-overdue capital improvements would have required additional maintenance
.” As for the long list of capital projects that lie ahead – including balcony repairs, installing backflow
major capital projects, structural problems, disputes among neighbors, litigation and, possibly
do when it gets ready to tackle a major capital project? The most important thing they should do
capital projects – which have not gone away while boards turned their attention to pressing pandemic
news to your shareholders or unit-owners. Maybe an expensive and highly visible capital project has
will not bring in enough money to fund capital repairs, and shareholders will still be subject to maintenance

Annual Meetings UNABRIDGED

Magazine Article by Ruth Ford on May 01, 2005

– such as a capital improvement committee and a finance committee – to report on what they have done in the past year

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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