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Form a group to challenge the board’s one-contractor-fits-all
mentality; get your own estimates and expert advice regarding the scope
of the problem and costs; and obtain proof that this work is necessary
and actually costs $11 million. |
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Make requests for reports and opinions from all board experts and
meeting minutes during which contractor interviews were conducted or
options discussed. |
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Ask for all documentation regarding the proposed loan, including
the application, terms, agent commissions, proposed interest rate
charges and the identity of the bank and loan agents. |
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Request that your experts be allowed to speak at the next regular
board meeting and present your own views during the open forum. Be
certain to request that all comments be included in the official
minutes. The board and its “consultant” should be ready to answer
questions from owners and other professionals. |