01-25-2015, 11:04 AM
quote:8,835 lots times $275 equals $2.4 million, everyone pays road fees occupied or not unless they are exempted, like their driveway is on HWY 130.
Originally posted by kalakoa
Per HPP's own website: 6000 occupied lots * 275/year mandatory dues = $1.65M.
Compare with Nanawale: 520 occupied lots (per Wikipedia, from 2010 census) * 89/year mandatory dues = $46K. Feel free to double this figure as a way of compensating for the out-of-date census information.
Wherever there's enough money at stake, corruption and power struggles tend to follow...
It seems to me that many of the Directors have never held a position of power in their earlier life. Once given the chance they abuse the power for their own agenda and empire.
VERY IMPORTANT Our trusted (no check and balance) Treasurer has determined that the Associations finances can be accounted for on a cash basis. Even though our bylaws may permit it, the Bond strictly forbids it. Furthermore, why would you want to run a company with an inconsistent cash flow on a cash basis? I'll tell you why Ken (the old treasurer) has been insisting on a cash basis for the last 5 years, "because he's a cash guy".
Read the bond Ken, no cash accounting allowed. If Janice changes the accounting to cash I will be the first to write Union Bank and report them, that's what a watchdog does keeps the Association running within the law!