Property is subject to a five-year lease which is set at a below-market rate. Lease was executed as of November 1, 2008 and expires, without option October 31, 2013.

Back in 2008 when the board was discussing a 99-year lease with Seacrets the board also discussed the then expiring five-year parking lease at a public meeting. Publicly association members heard that the board would probably do a one-year extension of the then expiring lease until it decided on the proposed 99-year lease. There was never any subsequent public discussion of this, to my knowledge.

Now we find out that the board actually inked a new five-year lease with Seacrets, apparently behind closed doors, and, according to OPA's own appraiser, at a below-market rate. Back in the Dan Stachurski era some expressed concern about closed door decisions by the board, however the Seacrets parking lease back then was openly and fully discussed at an open board meeting with a public board vote on accepting the lease.

When it comes to Sunshine in OPA, hopefully the cloud cover is not increasing.

The appraisal is available if one goes to the Admin building and asks to see it, but OPA has not disseminated the appraisal or any summary of the important points made in the appraisal widely to association members. OPA has had the appraisal since early August. Why isn't it on the OPA web site?