Back in the day: Sales literature and a map of Phase 2
Remember the sales office that Enterprise put up?
The developer of Palermo — the Enterprise Companies of Chicago — is a high-quality builder that had sunny California dreams. But the economy tanked. Arriving home from work, Positively Palermo found an important e-mail in the in-box. The e-mail from a Palermo HOA board representative said: "I wanted you to know on behalf of the HOA that as of yesterday Enterprise has resigned from the Board including President Ron Shipka Jr. and Treasurer Gordon Camaresi. When asked why the action was so sudden, we were told 'we expect to lose interest in the property in the next 30 days.' None of us are sure what that means and we are trying to get clarification. I think you need to post to let everyone know." Miss Penny Lane wishes Enterprise well, and she asks: Who will take over Enterprise's unsold condos, what will happen to our neighbors who rent them, and is Palermo's planned Phase 2 history? Our lovely community awaits the answers.
51 comments:
Not surprised by Enterprise. They are a builder not a management company renting out units. The new owner of the remaining units, I hope, will sell them, so this community can be complete. Good news on the whole.
Ding. Dong. Does that mean Bruce Bushore is gone?
I signed a lease a few months ago. Village Prop and Michael Heath. whatsupp?
Miss Penny, you are very charitable to Enterprise. I am anxious to know, what's next??
It wasn't a smart move for Enterprise to rent out 30-some units last year. One or two sales would have brought in more money than the rents. Then there were the management and maintenance costs, and the fix-up costs once the renters leave. Of course, Enterprise didn't know hiring Village Property Management would be a mistake. VPM just tried to fill up the units and had no standards at first. VPM bears responsibility for the things we all had to endure. I hope the new company/bank that takes over give VPM the boot. I notice they have stopped renting out the rentals that have become vacant.
Do you think they sold the remaining condos AND the undeveloped land as well? I thought they put up a bond with the city.
Wasn't it just months ago that Enterprise said they were in his for the long haul and had no plans to walk away? Ron Jr. said something like that at a HOA meeting.
I think removing the Enterprise local guy will be good for the community. Pot-Stirrer and usually ineffective.
When Enterprise leaves, could they kindly take all the crickets with them ? Honestly, this is like an infestation. I battle crickets day and night--bummer!
Here we go ....down the river.
The crickets are crazy. Anyone have tips on safe, non-chemical pesticide ways to get rid of them?
Why won't Enterprise just say what they are doing? Why being so coy?
They are not being coy...they are being forclosed on...get it?? Losing intrest in the property means forclosure.What else can they say? Enough about the crickets...they are part of living in the desert..smile as they hopp accross your path...they won't hurt you you big wuss
Really,battle crickets Really, what do you have a gun and a baseball bat!
So if Enterprise is being foreclosed on, what does this mean for us? I'm an idiot when it comes to these things. Anyone have answers? Do we have any recourse?
As above...down the river
Are we sure Enterprise will really be gone? They may try to buy the unsold condos OR the undeveloped land at an auction. That just happened at a hotel project in the valley - they were able to clear the big debts that way on the title. Yes, the rumor mill is that it is a foreclosure but, interestingly, Village Property Management has started to show rental units (of the unsold units) again after not showing anything for weeks. My understanding is that you can't sign brand new leases if a property is in foreclosure.
I heard that the Murano development is also involved in the foreclosure. Anyone know of that? I also wonder if Enterprise really will be gone. This all could just be a financial game. I cold see them buying it back at auction for cheap.
I don't get it, because Enterprise recently has turned away buyers because they didn't like the price. But certainly a couple sales would have helped make the loan payments and buy more time. Makes me think something is up - like buying it back at reduced price through auction.
i tried to buy for months and they wouldn't even talk to me...ignoring calls and emails. so i have to continue being a renter...and it seems everyone dislikes the renters, even the decent ones.
Yes, I heard a story like that, too. What is going on? They didn't even try to sell the units when people asked about them, and now this. Sounds really fishy to me. I love some of the renters who live near me. You should try to get one of the others for sale. Some great deals.
Oh, and another thing: I also heard that they didn't even tell their guy here, Bruce Bushore, kept him in the dark. He found out like the rest of us.
Down the river? I think not. This is a wonderful community and will only get better. Every change is an opportunity if we work together as homeowners and residents.
AGREE! We are anything but down the river. The status quo in terms of management and the developer situation wasn't perfect. This gives us a chance to get better. People ARE coming together. I love Palermo so much.
I have to agree with the last two comments, through change we can only get stronger. No matter what is going on Enterprise in or out really does'ny matter. What does matter is that we as a community, never loss our sense of pride and love for our beautiful Palermo.We are the core and the voice. On Monday night is a meeting where we can all come together and express our concerns and hopefully find out exactly what is truly going on... I for one am grateful to see that someone cleaned up the undeveloped area, trimmed the palm trees, it has enhanced our community. And even though it took some time to get it done, it did get done. I want to look at this change that is coming as a positive, with hopes it will improve things. Again just coming together as a community and letting our voices be heard can be a vital part of that change..
I love being a resident of Palermo...
Unfortunately, I can't be at the meeting. Would it be possible for someone to post here what comes out of it?
I am a renter/leasee and don't understand the tension between Village Property Mgmt, and it's clients and owners. As a VPM "renter" I take pride wherever I live and VPM has been terrific! For every maintenance issue I have had so far, VPM has sent professional folks to take care of and resolve the problems. Frankly, I don't think renters pose any more of a threat to the solvency, beauty and peace of Palermo than a delinquent homeowner. Sure, you'd like to have 100% resident ownership in a planned unit development, but the economy is always a wildcard and owners have the right to do whatever they wish with their property. That's another issue, though. What I really want to say is that I was a homeowner in San Diego, and a treasurer on the Board of Directors of the HOA there. I learned alot about HOA's and the key to a successful HOA is HOMEOWNER INVOLVEMENT--I applaud Palermo residents for their passion and interest in this community and the association. In this current situation with Enterprise leaving, I would advise you all to pay very close attention to the financials of the association. Is the reserve healthy, is the budgeting open, transparent and can you meet the obligations of maintaining the complex under the current assessment plan both now and throughout what will probably be a very protracted recession and process of foreclosure for Enterprise?
BTW: DRM said they would have the pest control company step-up spraying to rid/control the complex of the horrendous, infestation of crickets, which, by the way, thrive in the grasses and are drawn by all the uplighting in the complex.
DRM should be asked about the crickets and whether they said they would be spraying. Problem: DRM and Brandi Scott don't do anything, ever, unless they are contacted numerous times.
Also, Village Property Management does a poor job of educating new tenants about the rules, like parking, so it becomes up to the neighbors to tell about them.
So what happens to the HOA dues on all the "Enterprise" rental units if they bail. I assume a bank is taking over in foreclosure and will pick up where they left off? Also, what is the status of the DEADBEAT homeowners not paying their HOA.......I know we cannot really seize their property, but something must be able to be done.
RE: "VPM does a poor job of educating new tenants..." I don't know about other VPM clients, but when I met with Michael Heath of VPM to lease my place here at Palermo, we sat down and exchanged not only leasing documents, but the Palermo CC&R's with a specific document regarding parking, satellite installation, trash and many other matters related to living at Palermo. I have more documents as a result of this lease, than I did for my previous mortgage as a homeowner! From what I can see regarding the parking--it is a combination of owners and renters who park "illegally." Some owners have piled stuff into their garages and it has become a storage facility. At my previous home, parking was always an issue as well and the HOA authorized the security company to give warnings to violators of the parking rules. Each owner/residents could park in guest parking 3 times per month. If a car was parked in guest parking 3 times beyond their "grace" parking, they were towed at the owner's expense on the 4th time/violation.
I don't know of any owners who aren't using their garages for their cars. I know of MANY renters who are doing so - garages full of stuff/junk.
If Michael Heath really does go over it all (which I doubt) that makes these renter violations even more terrible. I wish he would do a better job. They move in and do what they want. One told someone that the condo rules don't matter, only Michael Heath. Heath won't return emails.
I am a renter here who follows the rules and pays my rent. After reading this blog once a month or so i don't feel very welcome here in your "community".To bad the place has great design.
To Anonymous at 5:39 p.m.: You must be Michael Heath. Shame on you for bad standards, Mike, I've heard another horror story about someone you rented to - a nice family - over in Rosa Parks and didn't tell them about the safety concerns. Sorry he's wreaking his company's rep because the economy is putting pressure on him. Sad, really.
At the board meeting, please talk about what's going on at Sandy Point and Melody Lane.
OK, I'm a renter, and I do agree that owners in general have a different attitude towards their property than renters BUT responsible people want to live in a clean/safe/nice neighborhood. To me, what has happened is the lax or no enforcement of the rules (common-sense things) so it encourages even more people to break the rules, like when the people at the first house on Melody Lane park in the street. You see that when you come in, and people think, "so I can do that, too." Then there are people parking in other unit's driveways - units that are empty and have bank signs on them. Colt just drives on by when it is obvious that these cars shouldn't not be there, and they are denting up the garage doors. I like renting at Palermo and how to continue, if not with VPM then from an owner who is renting out their unit.
RE: The veracity of the post about VPM--No, Micheal Heath is not participating in this blog and I was sharing "my" experience with him and VPM. Believe it or not. Again, the rules on parking are being broken by both owners and renters. There is enough blame to go around, and without enforcement, there will continue to be violations. The HOA/Owners should work with their security company to make sure that what they want is being executed by the company--after all it is YOUR assessments that are going to pay for service. If you aren't getting it, you should get another company that will do what you want.
How do YOU know Heath isn't participating. Eh Micheal?
The point is: The HOA/Owners should work with their security company to make sure that what they want is being executed by the company they (or DRM) have hired--after all it is YOUR assessments that are going to pay for the service. If you aren't getting what you paid for, the owners or DRM should communicate that to Colt Security--give them a chance to rectify the situation, monitor their performance and if you they still do not perform as you'd like, you (the HOA/DRM/owners) should get another company that will do what you want.
Renters should remember that part of their rent goes to paying for Colt because their landlords must take the HOA dues out of their rent.
It would appear that renters here at palermo are thought of as second class citizens. It would do the community good to welcome them, solicit their support and help vs. holding them at arms length as if they had some sort of disease. I as a renter have GREAT pride in where I live as do owners. I have seen many places rented in better shape than the next door neighbor that owns.
There should be community forum, parties, whatever where all encouraged to come to build community. Last nite I heard suggestions about reaching out. Someone said a wants to create a Neighborhood Watch. What a fantastic idea. How do we do it? I feel that Penny Lane's site is the only vehicle to talk. How do we make these things, though, reality?
The rumor is that Enterprise plans to come back, after an auction. If this is the case, the company isn't handling this right because many people now are upset with them. They could have been upfront. I've seen numerous cases in which the developer buys back at auction and says so upfront, doesn't keep it a secret. Bad PR move.
VPM says our security deposits are held by them and safe/
Great they have the deposits. But is Heath sending our checks to Enterprise and Enterprise NOT using them to pay the loan and just keeping them?
It's going to be something to find out in August if Enterprise is paying its HOAs. If they re collecting rents (which they are) and still signing leases and not paying the HOAs, we must get that word out to the city. This is NOT a case of a developer sitting with empty units. They are rented. We will see what kind of corporate citizens that Enterprise is and whether Ron Shipka Jr. will respect all the people who bought from his company, in part because how they sold their "quality" brand.
Down the river means who knows what will happen..there could be beautiful boys skinny dipping or a great place to have a picnic...down the river is very appropriate.Don,t be so negitive !!
I'll settle for some hotties at the pool. Don't need no river.
I am a renter through VPM and I can confirm that I was given at my lease signing many hand outs and disclosures regarding Palermo parking regulations and restrictions. I received a copy of the HOA rules and CC&Rs too. There was no surprise to me when moving in where I could and could not park. I wonder how many violators are actually renting through VPM? I'd gather to say none or very few. If these violators received what I did when I signed up (which I trust they did), there are no surprises. Reading these comments you'd think VPM has to be completely responsible for every adults’ decision in Palermo? VPM has been very responsive to my needs so far. Good people I feel. Seems like some are focusing thier anger on the wrong people, perhaps? Maybe give renting a try. Sure is a lot cheaper and less headaches.
Many trouble-makers are VPM clients. The most recent VPM renter on Sunburst, near Breeze, has broke many parking and other rules and he JUST moved in so what did VPM do to educate them? He told people that he only has to follow what Heath said not any CC&R rules because that's not "his" management. Others on Sunburst moved out two weeks ago leaving a mess, VPM again. Those nasty kids were VPM renters.
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