06-21-2012, 07:10 AM
quote:
Originally posted by Rob Tucker
Right after the bond was in place oil prices jumped substantially and paving tripled to about $240k per mile. If HPP spend less time arguing about it the whole subdivision would likely have been done under budget.
Actually, by the time the votes on the bond were counted and the money was in place and available, the paving price had already gone up. Even if the BOD had acted instantly (which they didn't,) there wouldn't have been enough money to do more than half the roads. I seriously suggested that they call the whole thing off since the bond proposal strongly suggested (but did not absolutely promise) that all the roads would be paved. My point was that the intent of the proposal was no longer valid and that property owners would not be receiving equal value for what they paid. BTW, I got it in writing from the guy who wrote the bond proposal that he implied all would be paved.
Shortly after the bond was issued, a gentleman from the lender came to a General meeting and emphatically told us that the only way we could pave part of the roads and have anything approaching equity of treatment for members on unpaved roads was to only pave roads with the highest maintenance cost. That way there would be money left to maintain the rest. So what the the BOD do? The embarked on a haphazard, shifting plan that involved a grid pattern that would guarantee that everyone would be no more than three or four blocks from a paved road. Of course, some of the grid pattern paving ignored the maintenance cost. Later, to their credit, they reverted to highest traffic and maintenance cost, but they had already blown a lot of money and made very few people happy.
And they are still not done. It just goes on and on.