3/5/2012 9:34:43 PM
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Section 5: OPA Board Subject: OPA Loses IRS Case Msg# 823662
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Linda:
There is no way possible that there should be a special $1,000,000.00 assessment on the membership when we have $4,000,000.00 in the bank. Even King Peter couldn't sell that kind of nonsense. Marty |
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For reference, the above message is a reply to a message where: It was always a possibility so now that its come to pass we need to deal with it. Why would this be this board's problem and not every board's problem since the issue was raised? Of course it's been a problem for a long while and it should have been dealt with previously, without going on for such a long time. I think it was probably, and this is just my opinion, of course, that previous boards should have taken care of it and put it to bed. I may be mistaken on this, but I think they were given bad advice a couple of boards back. Anyway, Ted, this board is stuck with the problem of dealing with it because of where they sit presently. That being said, I believe the monies should come from the reserves and not a special assessment. I don't believe you should have to come up with the special fee because you've paid your assessments, I'm pretty sure about that, and as I have as well, our money is part of the reserves. There are quite a lot of homes that have arrears and that won't change. You don't think those homes/lots/members are going to pay a special assessment when their arrearages are still in place do you? They won't pay the special assessment either. Linda |
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