12-12-2017, 08:28 AM
Just got word that posted on the HPPOA web site is notification of a special board meeting being held in 2 days on the 14th at 3:00 in the library. From what I have recently gathered from people there is, right now, several huge on going violations of the HPPOA bylaws.
I was recently sent an email that I will post soon from a Finance Committee member, and which I have verified all as accurate, that was written to all of the FC members and cc'd to the whole board out lining the serious violations to the Association.
The general manager with the collusion of some, yes, the regular suspects on the board including the treasurer, have deceived the finance committee concerning the refi of the road bond from 2007.
The FC and some on the board were never told that the refi is actually a new bond and not, as they were presented in committee and the board in previous board meetings, a bank loan.
Every one should be able to guess that there is a big difference between a bank loan and a bond. So why lie to the FC and lie and deceive some on the board about what the general manager was really doing behind the scenes?
The GM has no business even doing negotiations for the Assassination, it is the FC's responsibility to advise the whole board!
From what I have seen from the email that in the new bond indentures, the Association may end up being really buggered. But who really knows, since the FC was illegally kept from knowing anything about the new bond. The current bond requires that 110% of the annual accounts receivable be secured for assurance of bond financing. That leaves 90% to budget for association road maintenance. It appears that the new indentures require 150% leaving the association budget with only 50% of what is left over to fund road maintenance and other costs.
That is just one thing pointed out to me from 54 pages of the indenture.
It gets worse. The Treasurer, Chris Anderson District 8, the one who said in his Director Candidate Form when he wanted to be elected by his district, that "he wouldn't steal any money". Well, maybe it isn't stealing, but when he signed a contract on Dec. 4th to pay a financial adviser on the mainland $30K plus travel expenses to Hawaii without an approved board resolution authorizing him to sign the contract, he just committed the most egregious violation of the Association bylaws and of any corporations fiscal policies. And in effect he, according to the same bylaws, should be held responsible. But that would take board directors who want to follow the rules and laws and a membership that will come together to hold these ______ accountable.
As they say on TV, “but wait there’s more” to the unbelievable arrogance of the GM and some directors, it wasn't just a $30K contract the Treasurer signed without approval, there is a whole bunch of other work the obstructionist GM was up to while hiding behind some of the directors deception.
Apparently, the GM must have also been hiring law firms in CA. Without the FC or whole board knowing anything. How much is this going to cost? Don’t ask the Association’s FC, they were kept n the dark as well as the board President and a couple others.
Please go to the special board meeting on the 14th at 3:00. Those directors need to be seen and heard doing their dirty deeds, they plan on shoving the contract and the new bond down our throats (or is it more accurate to say shove it up the southern orifice). And please plan to attend the regular board meeting on the 20th at 6:00.
The scoundrels are probably planning on removing the board President from office because they don't like their dirty work constantly being brought into the light. You know what they say about rats applies to these directors especially Patrick Murdoch and Ruth Mazuba. This may happen either on the 14th or 20th but every one needs to observe their nasty behaviour directed at the good directors.
I was recently sent an email that I will post soon from a Finance Committee member, and which I have verified all as accurate, that was written to all of the FC members and cc'd to the whole board out lining the serious violations to the Association.
The general manager with the collusion of some, yes, the regular suspects on the board including the treasurer, have deceived the finance committee concerning the refi of the road bond from 2007.
The FC and some on the board were never told that the refi is actually a new bond and not, as they were presented in committee and the board in previous board meetings, a bank loan.
Every one should be able to guess that there is a big difference between a bank loan and a bond. So why lie to the FC and lie and deceive some on the board about what the general manager was really doing behind the scenes?
The GM has no business even doing negotiations for the Assassination, it is the FC's responsibility to advise the whole board!
From what I have seen from the email that in the new bond indentures, the Association may end up being really buggered. But who really knows, since the FC was illegally kept from knowing anything about the new bond. The current bond requires that 110% of the annual accounts receivable be secured for assurance of bond financing. That leaves 90% to budget for association road maintenance. It appears that the new indentures require 150% leaving the association budget with only 50% of what is left over to fund road maintenance and other costs.
That is just one thing pointed out to me from 54 pages of the indenture.
It gets worse. The Treasurer, Chris Anderson District 8, the one who said in his Director Candidate Form when he wanted to be elected by his district, that "he wouldn't steal any money". Well, maybe it isn't stealing, but when he signed a contract on Dec. 4th to pay a financial adviser on the mainland $30K plus travel expenses to Hawaii without an approved board resolution authorizing him to sign the contract, he just committed the most egregious violation of the Association bylaws and of any corporations fiscal policies. And in effect he, according to the same bylaws, should be held responsible. But that would take board directors who want to follow the rules and laws and a membership that will come together to hold these ______ accountable.
As they say on TV, “but wait there’s more” to the unbelievable arrogance of the GM and some directors, it wasn't just a $30K contract the Treasurer signed without approval, there is a whole bunch of other work the obstructionist GM was up to while hiding behind some of the directors deception.
Apparently, the GM must have also been hiring law firms in CA. Without the FC or whole board knowing anything. How much is this going to cost? Don’t ask the Association’s FC, they were kept n the dark as well as the board President and a couple others.
Please go to the special board meeting on the 14th at 3:00. Those directors need to be seen and heard doing their dirty deeds, they plan on shoving the contract and the new bond down our throats (or is it more accurate to say shove it up the southern orifice). And please plan to attend the regular board meeting on the 20th at 6:00.
The scoundrels are probably planning on removing the board President from office because they don't like their dirty work constantly being brought into the light. You know what they say about rats applies to these directors especially Patrick Murdoch and Ruth Mazuba. This may happen either on the 14th or 20th but every one needs to observe their nasty behaviour directed at the good directors.