ARE OUR ASSOCIATIONS FUNDS AT RISK? Does anybody else have concerns that at the July meeting there was a vote to remove all Board Members ability to vote on how our funds totalling about $8MM are invested/spent and all control turned over to Harry Kelman the Treasurer who wants the ability to day trade and move our investments that protect our principle investment from lose to stock and 100% risk? I asked for a copy of the meeting tape and Management informed me they lost the tape. How convenient. Other isues with our communitys finances are starting to come to light and its reflected in our August 12th Board Meeting Agenda: 1. A 14 day Demand Letter dated June 18th went to the golf course for $130k in reimbursable expenses dating back to Dec. 2012 that have not been paid. Per the HOA Manager we are 30+ days from the Demand Letter due date and no response was received. This topic has been on our monthly meeting agendas 13 out of the last 14 months. Whats taking so long? 2. Roughly $2MM in construction defect settlement money was received 2 years ago for Windermere homes and to date $0 in repairs have been made to leaking roofs and windows. I think we all agree a house with a leaky roof has more of a resale issue than the house with a car parked in the street in front of it. 3. Do you want our Dues purchasing real estate outside our community? Board intends to approve doing exactly that at Tuesdays meeting. How does knowing this make you feel? Please post your comments here. Thank you.
Posted on: Sat, 09 Aug 2014 18:13:15 +0000
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