Management

The Board of Directors sets overall policy and direction in consultation with the owners.

The current Board of Directors took office in May 2025 and has moved aggressively to restore financial health and owner governance to The Towers.

• A one and done 5% special assessment was used improve funding of building reserves.
• Monthly assessments were increased by an average of 8.2% for 2026 to improve funding of building reserves and eliminate a habitual deficit. With the adjustments behind us, the Board anticipates future increases will generally be in line with changes in the cost of living.
• $2.5 million was invested in Reserve Fund projects during 2025 and the same amounts are budgeted for each of the next 3 years to ensure our buildings are comfortable and weather tight.
• Management staffing was realigned to improve performance and reduce costs and relationships have been established to assure high performance in specialized services.
• A Resident Services department was created to provide and coordinate services to our residents and provide a more robust schedule of Activities.
• The entry has been significantly upgraded with a new Atrium and Resident Services area.
• The Board's focus on dining services has helped bring improved menus and service to both dining rooms.
• Improved communication with members has significantly increased member satisfaction.