To: All Shareholders
From: Blue Woods Management Group
Date: 29 March 2013

Please note that the STAR credit has started to be applied to the maintenance bills for those shareholders that have applied and qualified for the credit. It will be on the April, May and June bills. In past years it has been given out equally over six months averaging $45/month. This year it is given over three months averaging $90/month due to the delay from the city.

The co-op abatement has not been issued as of yet. The city has changed the criteria for qualifying and is in the process of verifying information with some shareholders. Those shareholders have been notified by our office and the city directly. This credit will be applied when the final figures are received from the city. This should occur in July 2013.

If you have any question, please contact the managing agent.

For more information about these credits, please see Tax Relief Programs.