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5/18/2020 4:45:09 PM
 
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Section 5: OPA Board Subject: Parks and Board Out of Control Msg# 1083583
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| Tom: You have the patience of a SAINT! | ||||||
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For reference, the above message is a reply to a message where: Sorry. You'll need an ally to do the kind of analysis you're suggesting. Or maybe ask those attorneys writing the article urging HOA's to apply promptly. Dated April 7th Again here's quotes from that article: if you believe your association will need funds to cover any of the above listed costs, your association should apply for a PPP loan as soon as possible. (their bold text) In the few days since the CARES Act was passed, there has been much debate within the legal and banking communities about homeowner associations’ eligibility for PPP loans, and the criteria remain subject to interpretation. And SBA granted the loan to OP. And SBA has deemed these loans below $2 million to be obtained in good faith. Case closed, from the SBA standpoint. May be reexamined issue in the upcoming OP board elections. Have a nice afternoon |
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OPA Board Meeting - Golf Clubhouse
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