Is there anything that would mandate that II traders into Harborside must have the same maximum occupancy as owners or StarOption and SPG traders? Wouldn't the maximum occupancy at any resort be a matter of contract between II and the resort (Starwood)?
If the II confirmation says that 4 is the maximum occupancy for a unit having a full kitchen (premium 1-br), isn't the maximum occupancy 4, not 5? Isn't what II provides on the II confirmation what controls use by II traders?
Just asking. I have no idea about the answer. But, shouldn't the answer come from II rather than "nudge, nudge?"
I guess what bothers me is that overcrowding at Harborside has become a sort of game for traders. But, overcrowding leads to excessive wear and tear.
I paid my Harborside assessment today. Right with the bill was a copy of the budget. The reserve section of the 2012 budget showed that for Phase II the paint job had 0 years remaining on its useful life, a replacement cost of $1.5M for the repainting and (IIRR) $191,000 in reserves as of December 31, 2011. That's not a good position to be in. ... eom