For Special Meeting of Shareholders of 160 MAOC 7/20/2004

Tenancy Problems:

1. Access- 

2. Sign in Front-

3. Basement boxes-
	sect 16d compliance with bd/fire underwriters
	rate/fire insurance (18)
4. Vault space-


Air Rights

Purchase of Store

Pending Building Improvements

	Upgrade of electrical service
	roof repairs
	boiler replacement
	intercom replacement
	video security upgrade


Distribution of Profits

Fees
	Management Fee
		Management Cost Savings
			Real Estate Taxes: approx $24,000/yr


	travel expenses

Some Notes:



Under proprietary lease, (1c). "Cash Requirements" includes a "reserved for contingencies" "from time to time in its judgement" "all determinations of cash requirements shal be conclusive"

Under proprietary lease (3), services can be changed by the b/d

All proprietary leases are to be the same unless changed by 2/3 vote of shareholders.  Proportionate share of rent may not be changed w/o consent (6)

House rules are determined by b/d. Br/house rules=default (11)

b/d may refuse a sublet for any reason or for no reason (13)

b/d may refuse an assignment of prop lease for any or no reason (14c)

lessee shall be cooperative with the aims of the building (22)

right of entry (sec 23) no notice if emergency, with notice for non emergency.