Dear Shareholders,
The Board of Directors of Garden 75 Owners Corp. has approved a $500,000 special assessment to fund necessary and upcoming capital projects for the property.
The assessment will be calculated at $24.115 per share and will become effective January 1, 2027.
Payment Options
Shareholders may select one of the following payment options:
Option 1 – Lump-Sum Payment
Pay the assessment in full in one lump-sum payment. Shareholders who elect this option will receive a 10% discount on the assessment.
Option 2 – 12-Month Payment Plan
Pay the assessment in 12 monthly installments, beginning January 1, 2027. Shareholders who elect this option will receive a 2% discount on the assessment.
Option 3 – 24-Month Payment Plan
Pay the assessment in 24 monthly installments, beginning January 1, 2027.
Payment Election Deadline
**All shareholders must notify Management of their selected payment option in writing no later than November 30, 2026.**
Please email your selection to both:
Tracey Jackson: traceyj@argo.com
Jessica Vega: jessicav@argo.com
Please include your name, building/unit number, and selected payment option in your email.
If Management does not receive your written election by November 30, 2026, your account will automatically be placed on the 12-month payment plan.
The Board and Management understand that a special assessment represents an additional financial obligation for shareholders, and we recognize that this may create a financial burden for some households.
The assessment is necessary to provide funding for the Co-op’s capital projects while helping to preserve the Corporation’s reserve funds for future building needs and projects. Maintaining adequate reserves is important to the Co-op’s long-term financial planning and its ability to address future capital requirements.
We sincerely appreciate everyone’s understanding, cooperation, and timely response.