Monday, December 19, 2011

Therory



When does theory become fact? When enough evidence is compiled proving so? I believe the documentation to prove just that is now available and more will be forthcoming. Several government agencies’ received complaints of concealing and conspiring to conceal HOA documents from its members. It’s been almost a year since any financials have been made accessible but the Board is publishing budget results monthly. How can they publish this news letter without seeing financials? The monthly news letter I read stated professional expenses were within budget limits but at the annual meeting we learn 16K was spent on legal fees which were not contained in the budget approved by popular vote.
Is something wrong here? I believe so and I can’t wait to hear from the HOA’s attorney when finds out Phase II is a non-profit and he was instrumental in changing By-Laws for the perpetual inurnment of an insider which may have perpetual tax consequences also. Ouch!


Greg Unit 121
Tight lines and Merry Christmas

No comments:

Post a Comment