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5/18/2020 4:47:05 PM
 
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Section 5: OPA Board Subject: Parks and Board Out of Control Msg# 1083584
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It's disappointing you were not interested in doing the analysis. I was hoping you would be up the the challenge so you can validate your opinion. Therefore it's pointless to continue this conversation with you but thank you for sharing your thoughts.
As an FYI, I actually did. My view is based on spending hours reading those and other publications and then shared my results / concerns weeks ago with John Viola and Steve Phillips. As to your quoted article, saw it before and read it. Then I emailed the law firm credited with the article and asked for clarification. In my message I included the CAI's contrarian opinion and their relevant quotes. The firm has not replied.... Have a nice evening and no need to respond. Slobodan |
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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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