5/29/2020 11:10:24 AM
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Section 5: OPA Board Subject: Parks and Board Out of Control Msg# 1084442
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Bob:
Two comments if I may: Ocean Pines Association, Inc. has always been fiscally conservative. I can only remember two occasions when money was borrowed from a bank. One of those was subject to a referendum and the other was priced to avoid any such pesky approval. My first point is why would we borrow money that we don’t need? Secondly, does anyone believe that the intention of the PPP was to help a homeowner association create yet another slush fund? Knowing what I know, I am with Dale and Charlotte Cathell, embarrassed. Marty |
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For reference, the above message is a reply to a message where: George, Did I read somewhere that a Board member mentioned something about a "Rainy Day" set aside or something to that effect? -- Business Owner closed forever: "I applied on May 15th, but the bank said 'The last of it went out yesterday.'" OPA: "Too bad. You should have had a 'Rainy Day' fund like the one we established on May 14th." Bob |
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