12-13-2017, 07:07 PM
Obster, what was used for collateral with the 1st bond in 2007 when we had even less assets at the time? I'll tell you, the same thing the new bond is demanding. Our accounts receivable, all of our road maintenance fees in other words... if worse came to worse and the Association defaulted.
I know, sounds like a plan to some. I'm in favor of receivership at this time, we need professional management. I never used to be, but the last 3 1/2 years has given me a different perspective, but not this way. It has to be orderly, with majority support of the Association.
I know, sounds like a plan to some. I'm in favor of receivership at this time, we need professional management. I never used to be, but the last 3 1/2 years has given me a different perspective, but not this way. It has to be orderly, with majority support of the Association.