04-05-2009, 05:06 AM
Youser,
I hope many people read this so we can get the right information out to everyone concerned. Answers to your questions:
1. Bond issuer has no input
2. Does not apply
3. A matter of choice. Past BOD and Paving Committee had taken a different approach ( right or wrong we cannot judge). It was announced to the membership that those roads were to done. Now it begs the question " Do we take it away?".
4. These where the roads identified as the most in need of pavement to reduce maintenance costs. If you look at the stats as we finally did in the fall of 2008, then using the criteria from the bond would result in a disproportionate placement.
5. See item #3
6. BOD dissolved the Paving Committee
7. We are in compliance
8. Orchidland case demonstrates how inaction or the wrong action by a BOD can cost a pretty penny. It should not be used for comparisons to our foreclosure process. The law is clear on the process and we do have to pay to collect but we receive the outstanding balance and collection costs back.
Aloha,
Jeff
I hope many people read this so we can get the right information out to everyone concerned. Answers to your questions:
1. Bond issuer has no input
2. Does not apply
3. A matter of choice. Past BOD and Paving Committee had taken a different approach ( right or wrong we cannot judge). It was announced to the membership that those roads were to done. Now it begs the question " Do we take it away?".
4. These where the roads identified as the most in need of pavement to reduce maintenance costs. If you look at the stats as we finally did in the fall of 2008, then using the criteria from the bond would result in a disproportionate placement.
5. See item #3
6. BOD dissolved the Paving Committee
7. We are in compliance
8. Orchidland case demonstrates how inaction or the wrong action by a BOD can cost a pretty penny. It should not be used for comparisons to our foreclosure process. The law is clear on the process and we do have to pay to collect but we receive the outstanding balance and collection costs back.
Aloha,
Jeff