4/5/2016 1:24:26 PM
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Section 5: OPA Board Subject: Money is No Object Msg# 945949
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I have sent several emails to the BOD asking them to reconsider the investment or at the very least publically provide answers to the following questions:
1) What is the purpose and/or goal of relocating the playground? 2) What short-term and long-term factors influenced the decision to move the playground? 3) How does the relocated playground and the $150,00 investment benefit the membership in conjunction with both the short and long term planning for this amenity? At the end of the day, I suspect my inquiries will not warrant a response from them, as in my opinion of some board members consider the membership, and any inquiries they may have, irrelevant when it comes to questioning their actions. I do research on many topics other than OPA business process (or lack thereof) as one way to pass the time (along with a good cigar and a beer out in the garage) and I ran across the information below that although somewhat idealistic, is still relevant considering the current topic of discussion. Once a fiduciary relationship exists in a corporate setting, a fiduciary has a duty “to act with utmost good faith and loyalty in managing the corporation” and is prohibited from enhancing his or her “own personal interests at the expense of corporate interests.” Many cases around the country have held that a board owes a duty of loyalty to the association and must act for the benefit of the residents collectively. Perhaps the rub is in the first sentence as my assumption is that a fiduciary relationship actually exists in the first place. Just food for thought. Doug Parks |
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For reference, the above message is a reply to a message where: Good grief, even Joe Reynolds stated that the most recent bid for accomplishing what you just outlined was $207,000, and the board would not even accept that. The passed motion only permits spending up to $150,000. Why keep repeating the same nonsense. The $150,000 is phase one of the $750,000 project. Terry said so. Thompson said so. All that is needed, instead of $150,000, is to do needed maintenance on the playground structure for $10,000 or less. All other work is solely in preparation for doing the Manklin Master plan, and at this point the only price we have on that plan is $750,000. You are correct in that the board did not vote to spend $750,000 but it did vote to spend $150,000, and of that about $140,000 is a total waste of money if the $750,000 project is not fully implemented at some later date. So, YES the board, or at last Tom Terry, is obviously thinking about spending $750,000 total, or whatever it costs to implement his master plan. You don't spend money to build a foundation for a house you never intend to build. Terry's motion is the foundation for the master plan. |
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