October 23, 2024
The next Rainbow Board Meeting will be held on Saturday October 26, 2024 beginning at 9:00am.
The meeting will be held at the Comfort Inn Gold Coast, 11201 Coastal Highway.
RUNNING OUT OF STORAGE SPACE IN YOUR UNIT?
New Storage Choices Available for Rainbow Owners
1. Wooden Locker- 2.5’ x 3’ x 4’ (30 cu. ft). Located in back of parking garage. Suitable for beach chairs and equipment.
2. Wire Cage- 3’ x 3’ x 6’ (54 cu. ft) and 6’ x 3’ x 6’ (108 cu. ft.). Located in 2nd floor storage room. Suitable for bikes, beach umbrellas,
3. Storage Closet- 8’x 6’x 3’ (144 cu. ft.). Located in 3rd floor trash room. Suitable for whatever fits (obviously no combustibles, etc.).
The Details
Pilot Program: A limited number are available now and more will be built if owners want them. There is a five-year Storage Locker Lease Agreement. Fees are consistent with those established by other condominium associations and cover all costs incurred for common area modifications and for financing, purchasing, and constructing the storage units.
Schedule of Costs:
Option 1) One-time pre-payment for five-year lease:
Option 2) Upfront fee with five annual payments.
PrePayment Upfront Annual
Wooden Locker (30 cu. ft.) $ 475 $ 150 $ 75
Cage (54 cu. ft.) $ 825 $ 175 $ 150
Cage (108 cu. ft.) $ 1,650 $ 350 $ 300
Closet (144 cu. ft.) $ 2,400 $ 475 $ 450
Timing: All types have been constructed on a pilot basis and interested owners should contact Manager Pat Walton (410-723-1648) or Rainbowocmd@aol.com). If demand exceeds the current supply, additional storage units will be constructed or purchased on basis of a waiting list.
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