Quote:
Originally Posted by Shreddy
It is Suissevale and it's the same group. It's like a broken record and they're constantly casting a gray cloud over a very awesome and well run association.
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A couple of years ago the BOD spent over $150,000 drilling a test well on a community owned parcel, and then tried to secure a $1.2 million bank loan to build a community well & pump house using community assets as collateral. As it turns out, the wells were going to be located in an area that some waterfront homeowners have septic easements on. These homeowners were approached after the fact and asked to release these easements. They said NO, scuttling the project. Also, during the bank financing application process it came up that the bank felt that the BOD does not have the right to sign for loans on behalf of the membership and rejected the loan (costing $4K+ in lost application fees). It turns out that a 2/3 majority membership vote is required before the BOD can take out mortgages using Suissevale assets as collateral. After this decision the BOD tried to change the bylaws to allow them to do this, and they were pressured into rescinding their positive vote since again, they did not have the membership vote on the bylaw changes. Community money was wasted, and the BOD seems to think they can make these types of unilateral decisions with no member input. The entire process was seemingly brushed under the carpet and many members are not aware that it happened.