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  • 1.
  • Should the Klauber Chapter 11 filing be converted to a Chapter 7 filing the former Bank of America mortgage which only covers 3.75 acres ot the Colony property of approximately 17.5 acres would be severly devalued as the Condominium Association could then re- develop the Association property without the Klauber owned property. They could then demolish all on their Association Property and build a few 12 storty high rise buildings with a minimum of 232 units and could apply for some of the 250 new units that were approved in the last referendum. This could be the scenerio as the Key Club will most likely, with the new Commission be successful with their application for expansion.
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  • Lee Pokoik
    Wed 31st Mar 2010
    at 9:20pm
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