With all due respect, your comments in some ways illustrate what is wrong with many boards. Board members just do not pay attention.

The so-called "Five Year Funding Plan" was the brainchild of Pete Gomsak.  He wanted to collect $150 a year to cover the costs of future major projects like the Yacht Club, Country Club, Beach Club, Bridges, etc.

The initial idea was to not start by adding $150 to the assessment, rather to start at say $30, increase it by $30 each year for five years and then maintain it at $150. This was more of a policy than something chiseled in stone. It was never chiseled in stone.

For full implementation it required subsequent boards to vote at budget time to continue the plan each year.

Consider if your view of this ending after 5 years was or is correct. How much would that raise?

Year 1 -- $253,000

Year 2 -- $506,400

Rear 3 -- $759,600

Year 4 -- $1,012,800

Year 5 -- $1,266,000

Total collected over 5 years = $3,797,800

So, we see that your interpretation of what you voted on would produce not even enough money to pay for half of the single Yacht Club project, much less multiple others.

I'm not saying I agree with Gomsak's idea of collecting in advance, but his plan did indeed contemplate collecting $150 a year indefinitely after rising $30 a year for five years.