Let’s Make a Deal

October 20, 2008 by tim_stebbins.

Our board has used its business judgment to make a deal with the developer concerning Rec. Center #3.  The board decided the deal is in the best interests of Sun City Anthem.  I would like to take advantage of their business judgment too. 

Here is my proposed agreement: 

The Association gives me $1,375,000.  I get to keep this money for three and a half years with no obligations what so ever.  After three and a half years I agree to give the Association $191,190.  A year or so later I agree to begin paying a portion of the electric and gas utilities bills for Rec. Center #3 and continue such payments for the useful life of the original “Greening” features included in Rec. Center #3.   

The Association will begin saving money immediately upon the initializing of the payments by me.  I agree to establish a trust account to assure such payments continue if I do not survive the useful life of the original “Greening” elements included in Rec. Center #3. 

I think this is a pretty sweet deal for me.  It is the same deal the board made with the developer.  If it is good business for the Association to make this deal with the developer it should be an equally good business to make this deal with me.

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