10-06-2017, 10:34 AM
This is what I have learned about a couple of topics at the finance committee meeting Tuesday evening. The treasurer, board director (appointed by the board) and a FC member all voted to raise the road maintenance fee 10% again for Jan. 2018. The other 4 members of the committee voted against it, resulting in the motion to fail. If the board goes ahead and ignores the committee's advise to the board, just like last year, then the road fees will be raised from $313.50 to $344.85. I heard that the reason the treasurer wants to raise the fees is to "pay off the bond in 5 years". He wants to raise the fees 10% a year for 5 years. If he gets his wish, and presumably with 4 others on the board, that would be $504.89 a year.
There was also discussion on 3 refinancing proposals for the bond. I heard that any of them would result in significant savings for the Association, which begs the question "Why do we need higher and higher road fees? Aren't some on the board at all concerned about what many in the Park will think and possibly do if they keep having to pay more money and get nothing or barely anything for it? Oh that's right, we're getting chip seal instead of maintenance, what a bargain, especially when we will have to pay for the mitigation of the chip seal failures.
Speaking of chip seal, there was discussion about that contract and a grass mowing contract costing the Association over $3000 a month for just the 4 main roads. I heard last year that the Association got into that contract because our road crew employees were too busy with chip seal to mow our roads like they used to do.
I wasn't able to find out what resulted in the contract discussions, so hopefully some one who was there can enlighten us since it is a public meeting, nothing secret.
There was also discussion on 3 refinancing proposals for the bond. I heard that any of them would result in significant savings for the Association, which begs the question "Why do we need higher and higher road fees? Aren't some on the board at all concerned about what many in the Park will think and possibly do if they keep having to pay more money and get nothing or barely anything for it? Oh that's right, we're getting chip seal instead of maintenance, what a bargain, especially when we will have to pay for the mitigation of the chip seal failures.
Speaking of chip seal, there was discussion about that contract and a grass mowing contract costing the Association over $3000 a month for just the 4 main roads. I heard last year that the Association got into that contract because our road crew employees were too busy with chip seal to mow our roads like they used to do.
I wasn't able to find out what resulted in the contract discussions, so hopefully some one who was there can enlighten us since it is a public meeting, nothing secret.