11-23-2016, 06:59 AM
From my outsiders' point of view, I will not comment on your BoD activities. We have our own issues with OLCA. I will offer a perspective on the financial part: The $12,000,000 loan is a major cause of your situation. It was supposed to pave ALL of the roads, and only completed about 20% of that. Paying it back over 20 years at a total cost of $22,000,000 has crippled the HPPOA. Y'all got screwed. However, the 20% that did get done created an illusion. If you came to HPP 7-10 years ago you came during a $12,000,000 spending spree and saw an unprecedented amount (for HPP) of road work being done. It is unrealistic to think that that amount of road work can continue now that the loan has been used up and the note still has another 10 years left on it.