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3/1/2012 10:23:07 AM
 
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Section 5: OPA Board Subject: Henny Youngman and OPA Msg# 822976
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What amenities do you wish to add together? Is Recs and Parks an amenity? Is the police department an amenity
Joe, The ammenities that we charge fees for goods and services Start with the YC, golf course, marine fuel , marina, beach club parking swimming pool , tennis and the other courts . All grouped together what is the net? Sure i care if the assessment is 9 or 1800 dollars and I would like to see everything make money but lets look at the red ink and the black ink just as we do with our own investments and bank accounts. Just another opinion that is different then the usual ones expressed here. Bill |
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For reference, the above message is a reply to a message where: Bill, for me it is pure rationalization to suggest it is ok for a restaurant to lose $200,000 a year on operations alone, an operation with no rent and no capital costs. What amenities do you wish to add together? Is Recs and Parks an amenity? Is the police department an amenity? I might point out that the assessment currently includes an amount to recover over $500,000 of past overall operational losses. However, there are certainly many folks who feel the same as you. My guess is the vast majority of them are people fairly well off financially. OP is a diverse HOA, from an economic demographics standpoint. This is very unlike most HOAs. You are obviously not on the low end of OP economic demographic and probably don't care if the assessment is $900 or $1800, just so you can play your golf and have a drink at the YC when you come back from Florida. Perfectly understandable. From my perspective, I just believe the losses at golf and the YC represent failures of management, and those losses represent wasted money. |
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