WHAT IS ROP, INC?

The following was taken directly from the Resident Owned Parks (ROP, Inc.)  website:  Their “motto” is “We help people keep housing affordable.”  (Maurice Priest is the President and a Director of ROP.  He is also a paid lobbyist for GSMOL and the corporate counsel for GSMOL.)

HOW DO WE (ROP) GET STARTED?

If you are a mobilehome owner living in a rental park, you should first determine the level of interest among other homeowners to purchase the park. If there is a serious interest among homeowners in your park for a park purchase, then contact ROP by telephone, e-mail or phone for further information. ROP will contact the park owner to advise him of your interest in acquiring the park. ROP representatives can personally meet with your park owner to determine his interest in selling the park, and if so, at what price.

ROP will then determine the cost of available financing and determine the monthly cost to each homeowner if a park purchase was to occur at the park owner’s asking price. The ROP approach to park acquisition includes a commitment to communicate with the homeowners in your park, and to answer their questions and address their concerns. If a park purchase occurs, it should be based on clear and open  communication between ROP and the homeowners, and not on secrecy and hidden costs.

ROP’s presentation and discussion of costs with homeowners, will be realistic. ROP understands that homeowners must be able to rely upon the acquisition costs, as well as the park operation and            maintenance costs, as presented by ROP. We will not “low ball” the numbers in order to gain homeowner support for the project.

HOW DO HOMEOWNERS BENEFIT IF THEY USE ROP FOR PARK PURCHASE

1 The monthly space rents they pay to ROP will be applied to the homeowners’ purchase of the park. After the 30 year park purchase bonds are paid off, ROP will transfer ownership of the park to the        homeowners association, which prior to the transfer shall have obtained its own tax-exempt status…

2 Homeowners are not required to come up with large down payments, or to obtain personal loans in order to purchase the park…

3 By written contract with the homeowners association prior to close of escrow, homeowners will know, in advance, what space rents they will be paying to ROP, and how any rental increases will be               calculated…

4 After the payment of the purchase bond each month, and the cost of park operation and maintenance, no longer will excess profits leave the park to benefit a “for profit” park owner, but will be deposited in the Reserve and Maintenance Accounts to be applied to the proper maintenance of park common areas, and where necessary to replace park infrastructure that may have been neglected by the previous park owner…

5 Homeowners will be able to designate homeowner representatives on the park management committee to determine how the park maintenance accounts will be spent, and to prioritize the maintenance projects to be performed in the park; and…

6 Annual financial accountings will be provided to the homeowners