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Author Topic: SPECIAL MEETING NOTICE  (Read 2458 times)
admin
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« on: December 17, 2010, 11:47:25 AM »

SLCA BOARD OF DIRECTORS SPECIAL MEETING
Date(s): 12/21/2010
Start Time: 12/21/2010 7:00 PM
Location: SLCA Clubhouse

There will be a special meeting of the SLCA Board of Directors on Tuesday, December 21, 2010 at 7:00PM at the Clubhouse to discuss and take action on the following:

SLCA FINANCE COMMITTEE RECOMMENDATIONS:

(1) Reorganizing SLCA Debt Structure
(2) 2011 Payment Program Discounts
(3) Stillwater Sewer Corp. Capital Expenses
(4) Recommendations on 2011 Operational Strategies.

Questions you may want answered:

How much debt did the Board create, how many mortgages are we talking about, and how did they mortgage common property without residents' approval?

What happened to all the money from Stand-by and Usage fees that should be in reserves to repair the sewer system?  Increasing the sewer rate to $1,900/yr is essentially making residents that live here today responsible for the irresponsibility and mismanagement of the past.  Not fair.

If the Board is financially broke, as stated at the last board meeting, why are they starting so many lawsuits?

For Recommendations on 2011 Operational Strategies tell them:
  • Stop starting lawsuits
  • Do a forensic audit to find where the money went
  • Start following the governing documents
  • Get rid of security - if residents can't pay for common expenses it's nuts to have other unnecessary expenses.
  • Legally property owners are only required to pay their proportionate share of common expenses, tell them to stop over charging to reduce the chance of more lawsuits.
  • Stop charging lot owners an annual stand-by fee during a moratorium to reduce the chance of more lawsuits.
« Last Edit: December 17, 2010, 12:00:32 PM by admin » Logged
David
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« Reply #1 on: December 21, 2010, 12:26:25 PM »

SLCA News letter:

According to the most recent news letter, the board has announced that they will be “aggressively” seeking settlements on their current lawsuits. Not sure if it has anything, or ALL to do with the fact that the association is basically broke (as stated at the last board meeting) and not sure of any/ if any legitimate offers have been made to other parties, but I do know of one truly insulting one made to the Concerned Citizens of a Pocono Community Vs Stillwater Lakes Civic et al, in which it has been indirectly suggested that we just allow two of the defendants in the case to just walk away quietly while returning something that rightfully belonged to the association to begin with, and more so, that offers little to NO benefit to the property owners of this community.

Well, actually…it wasn’t a real legitimate offer to begin with, but it was also suggested that after allowing the two defendants to walk, that it could possibly be a means of jumpstarting talks regarding resolving the entire case.

To review the case click here:
http://pahrc.org/media/AmendedComplaint.pdf

Please keep in mind that for approximately the last 2 1/2 years our money has been unwisely used by the board for baseless lawsuits that at the very end, WILL only open the association to further AND EVEN GREATER litigation.

I'm sure you've heard many idiots state, "when you sue the association, you are really suing yourself". While there is a mild technical truth to this statement, just remember that it was the board that started the avalanche, and as individuals, they MUST all be held responsible!
« Last Edit: December 21, 2010, 12:33:22 PM by David » Logged

Concerned Citizens of a Pocono Community
"Raise your hands up!"
WWW.PAHRC.ORG
David
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« Reply #2 on: January 03, 2011, 02:55:58 PM »

Important reminder:

If and when making a payment to SLCA; write a separate check for sewer and write in the comment section of your check, what the payment is for. This also applies to all those that "choose to be members of the association", and contribute to Vector security fund.

It is for your own legal protection. Wink
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Concerned Citizens of a Pocono Community
"Raise your hands up!"
WWW.PAHRC.ORG
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