UPDATE ON THE SPECTRUM PLAN

Keith Knowles

 

The Spectrum Plan is moving along as expected. We received a draft contract from Spectrum that we submitted to our attorney. He subsequently marked up the draft with his thoughts and submitted that marked up draft to Spectrum. As of 3/15, that is where the project stands. We expect to get a final draft of the contract the week of 3/19, which will be submitted to our attorney. It is likely that the Co-OP board will vote on the contracts the week of 3/26. If that timing holds the contract will become effective 4/2. There will then be approximately a 60 days period where Spectrum will do the necessary internal work to effect the transition.Again, if that timing holds, the Plan would be implemented for all residents in early June.Iíll try to keep you up-to-date in subsequent Planet articles.