Welcome to John E Samuelsen president of TWU Local 100 Take Backward Our Union TBOU twenty six (26) planted ayes votes for purchase and sixteen (16) nays in opposition to the purchase at the executive board meeting yesterday Wednesday September 28, 2010. Therefore now John E Samuelsen has the green light to proceed to purchase the said property - as many of you are aware we said no to the purchase of the property at 195 Montague Street, Brooklyn, New York 11201-3631.
We had highlighted some observations then concerning the above property being unsuitable and also that it was unwise to have the coop board of directors have a say in our building. However our advice went unheeded especially concerning spending the membership funds and binding the membership into a long financial obligation (mortgage). It is clear he is not interested in cutting spending - if this is investment to get ourselves into a property then this property has flaws, namely the coop board of directors.
This property will lead TWU Local 100 into higher debt if the excuse is that this is an investment for the TWU Local 100. If this purchase of the above property goes thru it is obvious he wants to spend more - renovations of the property to make it habitable then there is the moving expenses from the unfriendly building 1700 Broadway.
Absolutely you will hear no coherent explanation from John E Sameuslen or at least he should answer some questions from the membership - everyone knows that John E Samuelsen is spending over and above his means. It is obvious he is disregarding the economic circumstances, regardless of the depressed real estate industries, regardless of inflation - whichever way you look at it this property vote in the executive board looks desperate.
Every member has concluded that John E Sameuslen is wrong to purchase twenty percent (20%) of any property and looks increasingly ridiculous. Many have judged him from his performance that he needs some help concerning a huge overhead debt that he will impose on the membership for a long time.
let's clear some things up.
ReplyDelete195 Montague Street is a business condominium not a co-op
Does it cut costs? YES.
80 west end 140k a month to rent.
1700 B'way 100K a month to lease
195 Montague 15K a month to own, once TUF moves in on the 3rd floor.
Higher Debt? NO.
It is a turn-key operation. It will be built to our specifications: with offices, meeting spaces, and event spaces. Etc.
It is called a turn-key operation. Ready to move in condition.
Please be careful when you say "every member concludes" this is L100 "every member" does not agree on one subject ever. We are a collection of voices and opinions that makes a whole.
It is time to move forward on this building issue.
The pros and cons have been heard and the decision has been made.
And unlike the past-it was decided 100% democratically.
It was not dictated from on high, but arrived at by an honored vote. You should be heralding that.
This administration has brought Democracy back to TWU Local 100.
A big difference from the way our building was sold in 2005.
That should tell “every” member something.
Let's look forward to the next chapter in Local 100 history with our new home.