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Special Master recommends Orchidland receivership
#30
And why do they need 11 bank accounts?

From the bylaws, Article IV:

Monies collected for MRMA’s shall only be used for road maintenance and road improvement projects; including but not limited to labor, purchase and/or rental of road maintenance equipment, repair & maintenance of said equipment, storage of said equipment, purchase of road materials, and costs associated with the administration and collection of the MRMA. All monies collected for such purposes will be kept in a separate checking and savings account.

With all the road work they have been doing, I have a hard time believing that any money is being stolen. Where would it come from? And why would they put it into a another OLCA labeled account? Even Special Master is not suggesting this. The time and place to look for embezzlement would have been when the last licensed contractor was given some big money for very little work. But I don't suspect embezzlement there either, I just think we got screwed.

The unlicensed contractor problem can be fixed. It's true that we don't have to use licensed contractors, but we cannot use unlicensed ones. What we CAN do is form our own road crew and pay them as employees with all the associated workmen's comp, etc. It's a bit cumbersome, but it is perfectly legal and sound. It has been done that way in the past, and we should have gone back to it long ago.
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RE: Special Master recommends Orchidland receivership - by My 2 cents - 12-20-2017, 04:21 AM

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