January  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!

 

No Dues Increase for Estates and Villages - Thanks CZ!

 

Posted by: CotoBlogzz | 12/22/2008 04:25 AM

Thanks to the outstanding work of the boards from the Estates and the Villages, apparently there is no need to raise dues for 2009 – however, most of the credit should go to the CZ Master Association board of directors for their contribution to the common good.

By continuing to subsidize the Coto LifeStyle for the Estates, the Villages, the Silver Bronze and other, these groups  have set records by not having to have dues increases.  To thank CZ residents, a new proposed Polo Arena is planned for Coto de Caza:  While the traffic will increase in the community, the spirits will flow and the association’s liability will go up, the proceeds for leasing the Arena will go to the Silver Bronze – as former CZ board member Joseph Morabito says 

Well as the Church Lady always said,

“Isn’t that nice”.   The freeloaders in our midst do not need to raise their Association dues; but CZ has done so three times in five years; yet our Reserves are still far below where they should be at 56% of less and we have no strategic plan in place to deal with landscaping replacement.  I call that blatant fiscal mismanagement by a CZ Board that lacks commons sense and sound business judgment.  It started with Varo/Mezger and now it continues with the Yocham Board.  When is this pain going to end??”

 

But wait...there is more.  Then to add insult to injury, similar to the sales collateral handed out by the private security personnel benefiting board members, the latest CZ newsletter contains a flyer promoting the Golf Club, which just happens to be promoting the free flow of spirits, such as Happy Hour, Discounted Wine Night and Margarita Madness – guess what happens to the community’s liability?

Thanks and Happy New Year to the CZ board of directors for their most generous contribution to the community!

 

Comments

Yep, we are a bunch of saps for putting up with the fiscal mismanagement that has gone on in CZ for years.   I still say we need to buy the tar, feathers and pitch forks to run these incompetent CZ Board Members out of town.  They raise our dues three times in five years, fail to properly go out to bid for major services to cut expenses, make a mess of Coto de Caza Drive, fail to implement a strategic plan for landscaping replacement, fail to properly fund Reserves, fail to bring direct popular elections to Coto etc. etc.  That is a lot of failure for one Board of Directors.   Perhaps, they should all apply to be Board Members for General Motors where failure is commonplace and management there has also made a big mess of things.  Joe Morabito

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