The Saint Paul Condo Blog

If you live at MarketHouse, you must be asking that question a lot right now!  Part of the building improvements MarketHouse had planned, included removing their chiller and using District Energy for their cooling (MarketHouse already uses District Energy for heating).  The building improvements relied on both the residential AND commercial parts of the building making their payments to DE.  The commercial space at MarketHosue is in foreclosure and the redemption period is up in August 2008.

Where does this leave the residents of MarketHouse?  Without AC.  Under the contract they signed with DE, if the activate the chiller now, they will be penalized nearly $80,000 for 2007 & 2008 seasons!  The homeowners have now been put into the precarious position of having to pay for the delinquent account of the commercial space, $32,000.

It looks as if the association is close to a remedy with District Energy and hopefully will have AC by second week of July.  That's still a long time to go with no AC because of the actions of the commercial entity that they have no control over.

I guess the good news about the whole situation is that the bank will own the commercial space shortly and will start paying bills.  Hopefully a new owner will step forward that can get some tenants into the building and alleviate the problems there.