12-15-2017, 01:56 PM
There was a decent turnout of members. The Special BOD mtg was deemed illegal by the board Pres since there was no recording secretary present as the bylaws require. These reps were informed of this before the mtg yet fully intended to pursue holding the mtg regardless. There was a lot of argument over that, as those reps were at the gates ready to go with forms to be signed. Let's be clear, everyone wants to refinance the Bond, but do it right, not hastily or recklessly. The treasurer said the Bond would be paid off in 7 yrs and we'd save $3 million and that it would free up a lot of money...(for chip seal? as some wonder)
It was astounding that there was any argument to deny that the meeting was an illegal action and there is NO DEFENSE for these 5 reps lack of transparency and rogue behavior. In fact their whole demeanor towards the transparent and law abiding reps were that they were obstructionists to their agenda which is to shove the Bond through w/out dotting all their i's and crossing all their t's. These people are NOT financial wizards, not even close, and we should be very concerned when they go rogue. There were members who were very concerned to learn that these reps were trying to bypass the FC.
There was discussion that the non transparency by the treasurer w/the FC appeared intentional and a plan to bypass the FC, until the board Pres thwarted their plan by being transparent and sending Bond documents to the FC just before the FC mtg this week. The treasurer had no plans to discuss the Bond as he didn't put it on the FC mtg agenda nor discussion of the bond broker coming to HPP for the 20 Dec 2017 board mtg. (It's likely he didn't know how to discuss the Bond w/knowledgeable FC members, as the GM wasn't there to do it for him.) The board pres reminded these reps that taking the FC out of the equation is removing the membership from the equation. The FC is the checks and balances for the members. Ironically these reps tried to pretend after getting spanked by the board pres and peanut gallery that they had the membership in mind when going rogue and spending association $$$ w/out board approval.
The treasurer went rogue and signed a $30,000 contract for the broker's services, without board approval at a board mtg and officer signatures which he keeps insisting was approved yet there are NO board minutes to substantiate his or other reps' claims.
Unbelievably Murdoch Dist 6 rep said the bylaws on the FC say they can only see already executed contracts at 6 months and have no right to review contracts before they are to go before the board for approval, as had been done w/ contracts signed by the Treasurer and/or GM. This statement clearly shows he doesn't know his bylaws, nor does he understand FC responsibilities and their role for the membership. He is misinforming members and perpetuating illegal business. Therefore, he'd be wise not to say anything more publicly to the membership if he doesn't know what he's talking about. He still owes $$$ to the association for his rogue behavior w/the mailbox fiasco.
It came out during the meeting that the GM regards association members like credit union members. He said he's equal status to a board member after a board member checked him for interrupting her. He barked disrespectfully at a member he dislikes, who was sharing financial information in a civil manner, and the pres told him not to speak that way to members. He said he can if he wants to, which she replied he is an employee.
The board Pres left along w/another rep since the mtg was illegal. She said she could read the Bond at home. Before leaving she sd she'd try and get hold of the recording secretary so they can have a legal mtg this Monday. Others stayed behind to go over the Bond since they were there any ways and couldn't do any legal business. The GM along w/Murdoch appeared to be running the whole Bond Show.
One can only view these past actions as reckless and hasty which is not how you handle Bond Refinancing and they have NOT come up w/a rational explanation on what the big hurry is. They didn't convince me nor other FC members. Some in the peanut gallery were not convinced and kept telling the board they need to follow the bylaws.
It was astounding that there was any argument to deny that the meeting was an illegal action and there is NO DEFENSE for these 5 reps lack of transparency and rogue behavior. In fact their whole demeanor towards the transparent and law abiding reps were that they were obstructionists to their agenda which is to shove the Bond through w/out dotting all their i's and crossing all their t's. These people are NOT financial wizards, not even close, and we should be very concerned when they go rogue. There were members who were very concerned to learn that these reps were trying to bypass the FC.
There was discussion that the non transparency by the treasurer w/the FC appeared intentional and a plan to bypass the FC, until the board Pres thwarted their plan by being transparent and sending Bond documents to the FC just before the FC mtg this week. The treasurer had no plans to discuss the Bond as he didn't put it on the FC mtg agenda nor discussion of the bond broker coming to HPP for the 20 Dec 2017 board mtg. (It's likely he didn't know how to discuss the Bond w/knowledgeable FC members, as the GM wasn't there to do it for him.) The board pres reminded these reps that taking the FC out of the equation is removing the membership from the equation. The FC is the checks and balances for the members. Ironically these reps tried to pretend after getting spanked by the board pres and peanut gallery that they had the membership in mind when going rogue and spending association $$$ w/out board approval.
The treasurer went rogue and signed a $30,000 contract for the broker's services, without board approval at a board mtg and officer signatures which he keeps insisting was approved yet there are NO board minutes to substantiate his or other reps' claims.
Unbelievably Murdoch Dist 6 rep said the bylaws on the FC say they can only see already executed contracts at 6 months and have no right to review contracts before they are to go before the board for approval, as had been done w/ contracts signed by the Treasurer and/or GM. This statement clearly shows he doesn't know his bylaws, nor does he understand FC responsibilities and their role for the membership. He is misinforming members and perpetuating illegal business. Therefore, he'd be wise not to say anything more publicly to the membership if he doesn't know what he's talking about. He still owes $$$ to the association for his rogue behavior w/the mailbox fiasco.
It came out during the meeting that the GM regards association members like credit union members. He said he's equal status to a board member after a board member checked him for interrupting her. He barked disrespectfully at a member he dislikes, who was sharing financial information in a civil manner, and the pres told him not to speak that way to members. He said he can if he wants to, which she replied he is an employee.
The board Pres left along w/another rep since the mtg was illegal. She said she could read the Bond at home. Before leaving she sd she'd try and get hold of the recording secretary so they can have a legal mtg this Monday. Others stayed behind to go over the Bond since they were there any ways and couldn't do any legal business. The GM along w/Murdoch appeared to be running the whole Bond Show.
One can only view these past actions as reckless and hasty which is not how you handle Bond Refinancing and they have NOT come up w/a rational explanation on what the big hurry is. They didn't convince me nor other FC members. Some in the peanut gallery were not convinced and kept telling the board they need to follow the bylaws.