I am a member of my coop board. Recently the president, secretary, and treasurer decided to repaint, carpet, and decorate the board room? The secretary works for decorating store got the paint donated or at a discount. The treasurer added a chair rail and pictures, carpeting, conference table and chairs were purchased. The total cost was slightly more than $1000?
I was surprised when I received an email from the treasurer requesting a financial contribution to offset the cost. The new board room allows shareholders to rent the board room at an hourly rate.
The problem I have with contributing towards the upgrade is that shareholders are not being asked to contribute. In my opinion this is unethical. My thinking is there should be either a one-time fee to pay for the materials or the funds should come from the coop's financials.
The board is concerned they will be criticized for spending money frivolously. I don't agree - this is an investment that adds value to our property.
I am interested in getting feedback as to what is actually appropriate.
Mount Vernon, NY
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