Sunday, October 17, 2010

Olgiata news

It's like a soap opera. The largest residential complex in Europe, located in the Northern Rome area, with a population of about 10,000 people, has been undergoing certain behind the scenes political issues.
Olgiata became a private residential complex on December 8th 1968, when its previous owner, the Marquese Incisa della Rocchetta, daughter of Count Chigi, signed a forty year agreement with the City of Rome Administration and the Construction company SOGENE to build roads and homes. The Consortium was established with a constitution which would expire in 2050. The Constitution of the Consortium includes closed guarded entrences to the compound and the management of the Country Club.
The 40 year agreement expired in 2008 and since then, so many groups of people inside Olgiata have been fighting one another on two fronts. While the board of Directors of the Consortium took liberty in changing the Constitution giving themselves power of Attorney and Judicial Representativeness with the City of Rome, as well as empowrement to deal with Real Estate within the Complex, other sued this initiative in order to stop the high costs of maintenance and avoid giving too much power to the Board. This law suit was lost by the Consortium and on October 15 2010, the Board of Directors of the Olgiata Consortium decided to appeal to Justice ... without calling for an Assembly nor asking premission to do this... what will happen next?
the soap opera continues and we'll tune in again as soon as we hear from Court.

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