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May 2009
We do not make jokes, we simply watch the LA Times, the Orange County Register and CID/HOA board of directors and report the facts
The
Coto de Caza Board Does not Get it
Posted by CotoBlogzz |
05/06/2009 9:00 AM |
The Seal Beach Leisure World HOA board of directors does not
get it. The Laguna Woods Third Mutual Board of
directors does not get it.
The Laguna Woods GRF does not get it.
The Laguna Woods United Mutual does not get it.
The CZ board of directors does not get it.
We
are preparing a follow up story to a piece published
in the Red County titled It
is time to comply with California Appellate Court
decision to let homeowners see those books and
records!. The new piece is
tentatively titled: After precedent
setting decision, CID/HOA board of directors still do
not get it
In
the previous piece, Mr. David Lyon battled a fiscal
transparency case, prevailing every time,
and after a long battle on August 27, 2008, the
California Court of Appeals sided
with Mr. Lyon ordering the Leisure World’s Golden Rain Foundation
("GRF") board of directors to transparency
in its operations and record keeping. On
January 5, 2009, Judge Ronald L. Bauer ruled in Lyon's
favor awarding him legal fees. Yet, Mr. Lyon tells
us the Leisure World board has yet to comply with the
order.
In
an email sent Mr.
Michael Curtis dated April 20, 2009, Re:
Application, The president of the Laguna Woods United
Mutal board of directors
writes: "The material you
requested contained in the cover letter was a
telephone conversation between staff and Mutual legal
counsel". Mr. Curtis has also asked for
legal counsel invoices.
Since Mr. Curtis has not received an acceptable
response to his various requests, the only conclusion
an impartial person can reach is that the United
Mutual board is one of the boards, which still does
not get the transparency required by statue and by the
aforementioned precedent setting case. The
reasoning is simple. If the board does not have
anything to hide, then why not comply with Mr. Curtis
' request?
We asked the United Mutual board if the board does get it, and if so, why does it not want to comply with transparency requirements anent Mr. Curtis' request? - No response!
Today, Mr. Curtis ia asking for
details on association Reserves writing:
“Our reserve contribution is
one of the most important and costly monthly fees we
have. In United we currently pay $73 each
month for reserves - about 15% of our monthly
assessment. During the next three years it will
be going up to nearly $80 per month, and ten
years from now it is planned to be $100 per
month.
PCM The property management
company) does not want to answer detailed questions
about money - just the superficial ones.
So, they pull the junk below just to delay and deflect
the situation…it's called "DIDL" i.e.
Deflect, Ignore, Deny and Lie. Just watch them
DIDL through this email…”
Former CZ Master association board of directors and others have been sounding a similar fiscal mismanagement alarm in general, largely ignored by the CZ board of directors. Earlier this week Mr. Morabito writes
“In any case the balloon has burst with CZ.
Our Reserves are dangerously below where they should be at
just 28.8%. And, when the Board reported Reserves to be at 50%
some time ago, they were talking about the recommended
amount of $13,219,479. They were at about 50% of that
number not the number needed to actually deal with
future repairs. The actual monies in Reserve
are just 28.8% of $23,901,545 which will be needed in
the future to cover repairs when they should be at 70%
or more. This CZ Board operates just like our
state and federal governments, playing games with the
numbers. It is both irresponsible and just
plain dishonest”
So
we asked Xochitl Yocahm, president of the CZ Master
Association board of directors to comment on charges
of fiscal mismanagement, and whether she agreed the CZ
reserves were dangerously low, and what the board
planned to do about it – no response.
Do
OA/CID board of directors get
it? Does the CZ Master association board of
directors gets it?.
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