Oka Towers Condominium

Have an Old Bike? We are cleaning up the lob-

by and need your help! If one of the bikes are yours, please come by the office so

we can identify which are abandoned and can be do-

nated to charity.

Deadline is Friday, March 18th

Welcome to the Oka Towers Homeowners Association newsletter!

Homeowners, Our annual meeting will be held on March 26, 2016 in the main

lobby at 2:00 pm. We will elect one director to the board, review the 2015 &

2016 budget, and discuss current and upcoming building projects. If you are

interested in running for the board please nominate yourself in writing to the

main office . If you wish to provide a biography to be circulated to the

membership, please also submit one. -

Latest Building Projects

We have accelerated our program to repair the spalling (where the rebar has

cracked the concrete). During the recent fire system certification process, we

took the time to do an inventory of damage and problems in every unit The

spalling repairs include debriding the rebar, rust treatment and epoxy fill.

In addition, we are also going to be repairing other cracks on the balconies

with epoxy and epoxy injection. We will be doing these all these repairs one

balcony at a time. It will take from 2 to 10 days per balcony, depending on

how much needs to be done.

We are also well into a building-wide assessment of water efficiency. We are

preparing a comprehensive report of possible plumbing risks such as running

toilets, faucets and any other obvious issues which is compromising safety and

increasing water expense. We will keep informed as we continue to gather

data.-

March 2016Volume 1, Issue 5

President—Joseph Mancuso

V. President—Karl Espaldon

Secretary—John Robertson

Treasurer—Omaira Perry

Member-at-Large—Rizk Saad

Manager—Michael Torres

OkaTowers@guam.net Office Hours—8a-5p M-F

(671) 649-6736 CST 162 Western Bld, 1514 Tamuning, Guam 96913

Questions about your new utility bill?

Your new utility bill is ex-plained on page 2

Farewell Memorial services will be

held for Mr. Jan Doyle, unit 1202 at the Veterans Ceme-

tery in Piti March 12 at 10:30 am

Coming Improvements:

Grand landscaping plan

launches

Comprehensive repair of

concrete spalling

Building power washing

and paint

Koi pond cleaning

Staff uniforms

Pool umbrellas

Thank You for

Reading

Your new bill adds greater transparency to actual utility costs while unit owners continue to bill tenants according to their individual arrangement

2

The board has heard

suggestions over the years

regarding our billing system.

A petition was presented to

the board this January asking

the system be changed. The

new system completes the

separation of utilities and

common area fees.

Responding to Concerns

Beginning this month you will see a new utility bill. We are breaking each utility out

separately, The new bill will itemize water, waste, generator power and individually

metered power. Guam Waterworks Authority continues to implement scheduled

raises in water rates in 2016 while Guam power authority prices have fluctuated over

the years. Until now, these raises have been absorbed by our common area fee. Our

new our billing system reflects actual costs and make those costs more transparent.

Each these utilities charges are be billed according to each units share of the project

which is based on the square footage of the unit. This is identical to how the

common area fee is billed in accordance with our incorporating documents and

Guam law.

The net result is a lower common area fee and an equally higher, itemized utility bill.

Your overall cost is identical with one small exception. The billing of common area

power (the $50 Generator Fee) is longer be a flat fee but based on unit size to be

consistent with all other utilities. This result is a slightly lower charge for 1 and 2

bedrooms, but a slightly higher charge for 3 and 4 bedrooms.

Changes to Your Common Area Fees and Utility Bill

For example, the old billing for a 504 square foot 1 bedroom was:

$212.86 for common area fee + $50.00 generator fee = $262.86 TTL

The individually metered electric bill for the unit was then charged in addition

Now, the new billing for the same 504 square foot 1 bedroom unit is:

$137.30 for common area fee + $40.82 generator power

+ $48.98 water + $9.33 waste = 236.43 TTL

The individually metered electric bill for the unit will then be charged in addition

Oka Towers units vary by bedroom size and square footage both. The units described here

are randomly selected units for illustrative purposes. New fees above change yearly only.

The individually metered electric bill for the unit will then be charged in addition

Old Billing

Common Power TTL

Sq Ft / BR* Area Fee Monthly 504 (1br) $ 212.86 $ 50.00 $ 262.86

952 (2br) $ 402.28 $ 50.00 $ 452.28

1156 (3br) $ 488.19 $ 50.00 $ 538.19

1615 (4br) $ 682.14 $ 50.00 $ 732.14

New Billing

Common Power Water Waste TTL

Sq Ft / BR* Area Fee Monthly Monthly Monthly 504 (1br) $ 137.30 $ 40.82 $ 48.98 $ 9.33 $ 236.43

952 (2br) $ 259.47 $ 77.14 $ 92.57 $ 17.63 $ 446.82

1156 (3br) $ 314.89 $ 93.62 $ 112.34 $ 21.40 $ 542.25

1615 (4br) $ 439.99 $ 130.81 $ 156.97 $ 29.90 $ 757.68

Oka Towers Condominium

HOME OWNERS ASSOCIATION ANNUAL MEETING NOTICE

This letter serves as notification that, the Oka Towers Condominium Home Owners Association annual meeting has been scheduled as follows:

When: Saturday, March , 201Time: 2:00 p.m. Meeting Place: Oka Towers Condominium Lobby

This meeting is held for the following purposes:

1. To elect director to the Board of Directors. Th s position threeyear term of office.

2. To transact other business as may properly come before the meeting.

In accordance with the By-Laws of the Association, votes may be cast in person or by proxy. However, all proxies must be filed on paper with the Board of Directors (in care of the Oka Office Staff), prior to the appointed time of the meeting. Alternatively you may fax them to 671-649-6737, or scan and send to okatowers@guam.net by email. If you designate a specific person to be your proxy, please make sure that person will be in attendance at the meeting to vote on your behalf.

Only owners possessing recorded title to units in the condominium at the date and time of the meeting shall be entitled to vote.

The Board of Directors urges all owners to attend this important meeting, which is for your benefit and information. If you are unable to attend, please designate a proxy. A proxy form is enclosed for you to use if so required.

Best Regards,

Joseph Mancuso President, Oka Towers HOA

162 Western Blvd. #1514 Tamuning, Guam 96913 Tel: (671) 6496736 Fax: (671) 6496737 Email: okatowers@guam.net

mailto:okatowers@guam.netmailto:okatowers@guam.net

2016 ANNUAL HOMEOWNERS MEETING PROXY Saturday, March 26, 2016

(Please select only one option)

(___) I ASSIGN MY PROXY TO WHO WILL

BE ATTENDING THE ANNUAL MEETING.

(___) I PROXY THE COMMITTEE OF THE ASSOCIATION OF OWNERS OF THE OKA TOWERS CONDOMINIUM BOARD OF DIRECTORS.

The said proxy is hereby appointed my proxy to cast all votes I am entitled to cast by reason of ownership of Unit(s) No.________________________________________of Oka Towers Condominium at the Annual Meeting of the Association of Owners of the Oka Towers Condominium to be held on Saturday, March 26, 2016 at 2:00 p.m., or any adjournment thereof.

This proxy is revocable by my attendance at the meeting, by giving of a subsequent proxy or otherwise provided by law.

Dated this ________day of _____________________, 2016.

______________________________ Print Name of Owner

______________________________ Signature of Owner

To send by fax: (671) 649-6737 To scan & e-mail: okatowers@guam.net To mail: 162 Western Blvd. #1514

Tamuning, Guam 96913

______________________________ insert name

162 Western Blvd. #1514 Tamuning, Guam 96913 Tel: (671) 6496736 Fax: (671) 6496737 Email: okatowers@guam.net

mailto:okatowers@guam.netmailto:okatowers@guam.net

Oka Towers 2016 Notice of Annual Meeting with Proxy Form.pdfOka Towers Condominium

Oka Towers 2016 Notice of Annual Meeting with Proxy Form.pdfOka Towers Condominium