Recently you received the Quarterly statement from GRS and a number of residents have questioned the Cafe Debit Fee charge. Last year during the budget process the Finance Committee suggested that our surplus was getting too large and we should find a way to reduce it, and return it to our residents. The Board agreed and decided to subsidize this years Cafe card cost by $350 reducing the out of pocket cost to each resident to $150.
This does not change the value of the card. You still have $500 to spend on food at our cafe or Ruvens restaurant. Also, should you sell all, or any part of the card, its real value is $500. This is the second of our three year contract with Ruvens.