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1/13/2013 11:42:23 PM

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Section 5: OPA Board
Subject: Board Still After Clarke Msg# 848802

From:

Norm Katz

Joined 4/29/2004

To:

Jack Barnes (Read) Focus On The Pines

Joined 5/12/2004

You HOPE it's a one time cost. Has the association done enough to remove the possibility of further penalties for subsequent years??

I have no idea. I would suspect that most property owners believe as I do that it was a one time charge and is over.

I don't think it is a one time charge nor is it over. I believe the Board has decided to ignore subsequent years until the IRS reopens the issue. That might not ever happen. However,Gomsak and others have insinuated that an ex-Director turned us in to the IRS. I know of two property owners that claim they called other matters to the attention of the IRA and that opened the Pandor's box. What if other property owners or directors decides to cut their nose off to spite their face and calls the subsequent years to attention of the IRS? I believe we are liable for the subsequent years. The Board has not stated otherwise. They have only stated that the matter of the original lawsuit concerning the initial years is closed.

For reference, the above message is a reply to a message where:
You HOPE it's a one time cost. Has the association done enough to remove the possibility of further penalties for subsequent years??

I have no idea. I would suspect that most property owners believe as I do that it was a one time charge and is over. If there is some information to the contrary it would be nice to know. Shrug

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