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11/18/2024 3:20:22 PM
 
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Section 5: OPA Board Subject: What Happened to No Comment? Msg# 1215476
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Joe:
The Maryland law, 11-109.4, “requires the HOA to fund reserves based on the recommendations of the reserve study.” OK, let me ask you, what is that dollar amount? This isn’t rocket science. There is a reserve study in the OPA office that identifies that recommendation. Why don’t we know that amount? Marty |
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For reference, the above message is a reply to a message where: That said, Ocean Pines currently sits on enough reserve money to address any need for the next year and easily stay in compliance with the new Maryland reserve program. And just HOW do you know it is enough to stay in compliance with the new Maryland reserve program? I am really curious about that. Have you spoke with the company that will decide whether or not we do? Do you know when that new recommendation will be made? You have been complaining about too much in reserves for many years. I have complete faith and respect for John Viola and have never said otherwise. Except when he produces a budget and assessment rate for board approval, perhaps one of the most important things a GM does every year..
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