Kudos to the Big Canoe POA Board of Directors for finally recognizing the importance of transferring the $474k residual balance of the insurance settlement proceeds (for the Chimneys and realty office freeze damage) to a capital account rather than allowing those dollars to remain commingled with the operating cash account. (1) (2) Continue reading “Just more of the same . . .”
Author: patricia
A bridge too far . . .
In an act akin to pulling out the shred machine, the 96 page report titled “Big Canoe Community Overview 2023” dated October 8th, 2023 that was laboriously prepared by the seven member Long Range Planning Committee (“LRPC”) has now been removed from the POA website and replaced with an altered, edited and manipulated version all at the direction of the current POA President. Continue reading “A bridge too far . . .”
Save the Chimneys . . .
A collaboration by: Wayne A. Huey and Patricia Cross
Again wasting no time since the community vote approving the construction of a new postal facility ($2.76 million) and clubhouse renovation ($6.35 million), the Board of Directors has immediately moved forward with the remaining capital projects under the umbrella of Renew Big Canoe that they themselves have deemed allowable without a property owner vote. Continue reading “Save the Chimneys . . .”
An update to “A cautionary tale” . . .
It seems appropriate to acknowledge that since posting the previous article on this site, (1) the Director of Finance has now provided a response to this writer’s Ask the POA questions regarding the $571k insurance settlement received thus far for the Chimneys and realty office damage. And although appreciation is certainly extended to the Director for that response, it did nothing to alleviate concerns regarding the disposition of those proceeds. Continue reading “An update to “A cautionary tale” . . .”
A cautionary tale . . .
Well now. With little more than a month elapsed since the announcement of the Renew Big Canoe results, it seems that the board’s euphoria has already begun to fade into oblivion only to be replaced by cryptic references of gloom and doom. Continue reading “A cautionary tale . . .”
What just happened . . .
After a summer immersed in everything “Renew Big Canoe”, the suspense is now over. With initiatives to construct a new post office and to renovate the existing clubhouse overwhelmingly approved by the property owners (67% and 61% respectively), (1) leadership has now been given the green light to borrow the funds needed against the $15 million Wells Fargo line. The remaining millions available on the line will be used for those projects set to proceed without a vote. Continue reading “What just happened . . .”
In search of full disclosure . . .
In only a few weeks, property owners will gather a glimpse of what our futures in Big Canoe will be as the last Renew Big Canoe ballots are returned and counted. One can only hope that each property owner had access to all the facts and pondered the choices carefully. But for now, there isn’t much more that can be said so it seems appropriate to refocus on the further draining of “our money” from the Association’s coffers along with the continued discrepancies found in the Association’s financial reporting. (1) Continue reading “In search of full disclosure . . .”
Renew Big Canoe: The financials . . .
Special thanks are again extended to fellow property owner Wayne Huey for his excellent presentation regarding the architectural issues and shortcomings found in the clubhouse and postal facility plans. (1) Appreciation is also extended to the many property owners that have stepped forward and either contacted the board or included their comments at the bottom of these recent articles. Meanwhile, with the ballots set to be placed in the mail any day now and a leadership attempting to debunk any concerns from naysayers, it might be useful to break down some of the myths and lay out a few facts surrounding this ambitious and bold initiative. Continue reading “Renew Big Canoe: The financials . . .”
Guest Spot: Wayne Huey on the Renew Big Canoe community vote . . .
Wayne has requested that his op-ed regarding the upcoming Renew Big Canoe community vote be posted on bcmatters.org. Thank you Wayne for your vast knowledge and insight on this subject. (Patricia) Continue reading “Guest Spot: Wayne Huey on the Renew Big Canoe community vote . . .”
Unfinished business . . .
Returning home after a month in Europe, it is apparent that this writer has quite a lot of catching up to do with the Renew Big Canoe initiative already in full swing and scheduled for the “fast track” delivery of ballots in mid to late July. But for now, after only alluding to discrepancies found in the capital fund accounts, it seems important and appropriate to finally provide the community with the details surrounding this writer’s requests for certain accounting records and the subsequent interactions with the board of directors and POA corporate counsel, Kim Gaddis. After all, it’s your money. Continue reading “Unfinished business . . .”