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3/5/2012 7:35:37 PM
 
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Section 5: OPA Board Subject: OPA Loses IRS Case Msg# 823633
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While I am on my soap box I would also like to see any board make their best effort to stop future assessment increases until they have exhausted all means to collect the lion share of the $745,000.00 in delinquent dues. Is there room for anyone else on that soap box Marty? Let me say, that this is just my thoughts but be that as it may. I do not believe the current residents/membership should have to pay $120.00 as a special assessment. My exact thoughts were what about the delinquent homeowners that haven't paid regular dues in who knows how long. The only fair and equitable conclusion to this mess would be to pay it out of our reserves; that way, yes you and I pay our share but it is spread around. We would never collect the special assessment along with the $745,000.00 anytime soon from those delinquent homeowners. I agree with you wholeheartedly. Linda |
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For reference, the above message is a reply to a message where: Larry: "How is it possible that OPA made no contingency financial plan for an unfavorable court action?" The Budget & Finance Advisory Committee did recommend that the board do exactly that in the recently approved 2012-2013 budget. The Board of Directors chose to ignore that recommendation based on a memorandum dated January 20, 2012 from the Treasurer Mr. Peter Gomsak. I might add that the same memorandum suggested that the board ignore or reject seven more of the eleven recommendations of the committee. Ocean Pines Association, Inc. has accumulated over $4,000,000.00 in reserves under Mr. Gomsak's tutelage for the purpose of tearing down the existing Yacht Club and spending over $2,500,000.00 on construction of a newer facility. I think it is now time to get a grasp on reality and correct the deferred maintenance at our Yacht Club facility for approximately $1,100,000.00 and use the remaining $1,400,000.00 to pay for the IRS liability. While I am on my soap box I would also like to see any board make their best effort to stop future assessment increases until they have exhausted all means to collect the lion share of the $745,000.00 in delinquent dues. Marty Clarke |
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1/25/2025 - 9: A.M. |
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OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
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