Las Torres del Coco Owners

Las Torres del Coco - Your questions answered....

2010-03-12T17:53:00Z

Dear Torres del Coco Owners after receiving any email from all of you and expressing your concerns about this project i have some positive news that i would like to share with all of you: Concerns: 1. The shares are issued by a corporation "Sweet Towers of Coco SA" which Mapache family members have the following positions - PRESIDENT: Margarita Aroyo Quiros, SECRETARY: Andrea Aroyo Quiros Answer: All the shares of this corporation were endorsed to Jose Manuel Arias (the lawyer the initially...(read more)

Proposed LAS TORRES DEL COCO STUDIOS HOME OWNERS ASSOCIATION (by Tropical Felgate)

2010-03-11T20:43:00Z

HOME OWNERS ASSOCIATION LAS TORRES DEL COCO STUDIOS Las Palmas Urbanizacion, Playa del Coco, Guanacaste, Costa Rica. THIS DECLARATION, made this ___ day of March, 2010, by "___________________" ("Declarants"), the legal owners of the real estate herein described. W I T N E S S E T H: WHEREAS, Declarants are the legal owners of that certain real property located at Las Palmas Urbanizacion, Playa del Coco, Guanacaste, Costa Rica , (hereinafter, the "Property"), generally...(read more)

Proposed Las Torres del Coco Condominium Rules and Regulations by Tropical Felgate Costa Rica.

2010-03-11T20:29:00Z

LAS TORRES DEL COCO CONDOMINIUM ASSOCIATION. RULES AND REGULATIONS, March 2010 A. COMPLAINTS, REQUESTS, & INQUIRIES 1. All requests, inquiries and complaints related to The Las Torres del Coco Condominium, shall be made in writing to the Management Company ____________________________________________or to the Board of Trustees at_________________________________________, Las Palmas Urbanizacion, Playas del Coco, Guanacaste, Costa Rica. 2. Names of the complainant will be held in strict confidence....(read more)

Proposed Las Torres del Coco Condominium Management Agreement by Tropical Felgate Costa Rica.

2010-03-11T20:04:00Z

CONDOMINIUM COMMON PROPERTY MANAGEMENT AGREEMENT THIS AGREEMENT made effective the ______ day of ____________, ________. BETWEEN : CONDOMINIUM CORPORATION a corporation incorporated under the laws of ______________ (the "Corporation") OF THE FIRST PART - and - TROPICAL FELGATE (CR) LTDA . a corporation incorporated under the laws of the Republic of Costa Rica (the "Manager") OF THE SECOND PART WHEREAS the Corporation has agreed to appoint the Manager and the Manager has agreed...(read more)

Management Proposal for Las Torres del Coco Studios Community from Tropical Felgate Costa Rica

2010-03-11T19:37:00Z

Introduction... My name is Serguei Galkine, I am the owner and managing director of Tropical Felgate (CR) Ltda company. Who we are... Our main business activity is real estate development and sales, we also offer a full property management and rental management services. We have been in real estate development and sales business since 2005 and in property and rental management since 2006. We do not have a flashy office as it is my believe that we should keep our expenses to minimum and therefore...(read more)

Las Torres Update March 04, 2010

2010-03-05T13:53:00Z

Dear Coco Tores owners, thank you for your quick and positive response received in the last couple of days. I want to bring to everyone attention some of the questions and suggestions that have come up and i will try to respond to them with best of my knowledge. First of all; After many attempts to contact Mr. Rick Hockenberry (the owner of unit #24) i finally succeeded yesterday and also spoke with his accountant Chris. Both Mr. Rick and Chris are in agreement with what we are trying to get accomplish...(read more)

Current status of the Las Torres del Coco project

2010-03-03T11:58:00Z

Dear Coco Tores owners, I am sure that this email will surprise a lot of you and some of you are aware of the current status with the Coco Tores project. Let me first introduce myself, my name is Sorin Costache and together with Anatoli Barsukov we represent the buyers of 24 units in Coco Tores project out of which 3 of them we own. Many of you have heard and seen the current status of this project, but let me give you a quick update: 1. All the units are finish and they are ready to be furnished...(read more)

Sardinal-Coco water line suffers another setback

2009-01-23T12:44:00Z

By the A.M. Costa Rica staff The Sala IV constitutional court has ruled against the Sardinal-Playas del Coco water pipeline. The court, in a decision released Thursday, said that construction of a pipeline violated the constitutional rights of the residents of Sardinal because there was no certainty that sufficient water would remain for local needs. The court also said the residents had a constitutional right to participate in decisions involving the pipeline. Developers along the Pacific coast,...(read more)

More criticism directed at Sardinal water project

2008-12-12T12:17:00Z

By the A.M. Costa Rica staff A watchdog agency, the Contraloría General de la República, has taken issue with some of the permits for water service granted for the controversial Sardinal-Playas del Coco water line. The permits were approved by the national water company, the Instituto Costarricense de Acueductos y Alcantarillados, The Contraloría said that the water company has already transmitted connection certifications for water services for 22 projects, including condos,...(read more)

Watchdog unit rips process leading to Sardinal pipeline

2008-12-01T11:40:00Z

By the A.M. Costa Rica staff The Contraloría de la República released Monday a scathing critique of the controversial Sardinal-Playas del Coco water line project and said that it has discovered serious faults and omissions in the legal process. The Contraloría ordered the Instituto Costarricense de Acueductos y Alcantarillados to begin steps to void the estimated 4,127 permits for water service issued in the area on the strength of the proposed water line. The Contraloría...(read more)

Welcome to the new blog for Las Torres del Coco owners

2008-10-31T21:43:00Z

29-Oct-2008

Dear Serguei,

To the Owner of Las Torres del Coco studio,

I have a good news and a bad news for you.

First a good news - Grupo Mapache which is in charge of construction of the complex is planning to do the closing for Las Torres in a month. That means that all units will be transferred first in to the name of the our main corporation and as it's quite hard to arrange for all unit owners to come for closing at one time, we will be doing the closing with individual owners on their schedule.

I will let you know when the dates are confirmed and will email you official notice of readiness for closing at which point you are supposed to pay the balance as per agreement.

Now the bad news:

All of you have probably heard about problems with water supply in Playas del Coco. The Trust company was created two years ago which collected over 8 million dollars from all developers to build a new water pipeline. The Trust has an agreement with the local authorities and state water company that after the new system is finished it will be transferred to the state company for maintenance and management.

The water is going to come from a few water-wells, including 3 wells in Sardinal area (about 7 km from Coco), all works are 80 % done and to finish it, the workers would need 2-3 months.

But the people living in Sardinal arranged huge protest rallies at the beginning of the year (March-April) claiming that developers are going to take all water from their region and there is not enough reserves to last even few year. The government had to offer something to the locals and appointed a new study of the water bearing region which lasted until now.

A meeting of the local representatives and government officials is scheduled for November 9, 2008, where the group of engineers and scientists will report their findings. From our source we know that the findings are positive and there's not obstacles to carry on the works, so hopefully after that meeting a go ahead will be given to the workers.

The bad news for us is that there's no new water connections available now and the water company will be accepting new applications for the connections only when the conflict is solved.

Even worse news is that the new connection is going to cost a LOT - at the moment the figure which has been quoted by the water company is US$2,800 per connection, including installation of the water meter.

I also have one unit in the complex which I keep for my kid and personally think that it is a straightforward blackmail, but that's how it is. The state water company has a monopoly and there's no alternative supplier.

There's only two options:-

1. Everyone gets individual connection and individual water meter and in that case has to pay the cost of connection;

2. I am trying to get the specifications for the new water system or at least the idea of what pressure they are going to maintain in the system. If the system pressure is going to be more than 2 bars, one meter could coupe with three studio units, so we could try to get away with two meters - one for the three ground floor units and one for the three 1st floor units and in that case the owners of the three units connected to one meter would split the water bill three ways.

Water is still very cheap in Costa Rica and average bill for the units where people live throughout the year is never goes up more than $10-12 per month.

We need to make a collective decision within next 2-3 weeks, so please let me know your thoughts on the issue as soon as possible.

Best regards,

S. Galkine