Author: patricia

Revisiting that balancing act . . .

This is now third in the series of articles regarding the Board Designated Master Plan Fund and the still unanswered question, “Where did that $265k go?” (1)     (2)   With receipt of additional information along with other recent developments,  yet another update seems to be appropriate.  Continue reading “Revisiting that balancing act . . .”

An update to a balancing act . . .

It seems only fair to mention that after publication of “A balancing act”, (1) a member of the POA management team reached out to this writer in an attempt to explain some of the issues that had been noted in that article. The POA President, Treasurer and GM were also included in the loop as they were copied in the original correspondence. Continue reading “An update to a balancing act . . .”

A balancing act . . .

Kudos appear to be in order for management exceeding the original 2020 budget by $174k all the while in the midst of the covid pandemic. (1a) That is indeed good news. Likewise, many thanks are extended to the GM for his reconsideration of this writer’s previously denied request for an itemized listing of 2020 capital expenditures along with an itemization of capital components included on the 2021 capital budget. Continue reading “A balancing act . . .”

About that Dam . . .

Fourteen days into the new year, and we now learn that we have a $3 – $4 million dam problem. As discussed at the January board work session, Geosyntec has completed their study regarding the condition of the Lake Petit Dam and provided management with a report of their findings. (1) The GM indicated that the required repairs to the dam in the next four years would be in the $3-$4 million range, and that the contents of the report had been reviewed earlier in the week with the board, Geosyntec and certain members of the staff and Audit and Risk Committee. Continue reading “About that Dam . . .”

Reality Check 2020 . . .

It has been a long, unusual and challenging year in Big Canoe for sure. And honestly, most anyone can find comfort in any news spun with optimism in difficult times, but healthy doses of truth and reality can not be cast aside if we ever hope to establish that path to honestly addressing the issues facing our community. Continue reading “Reality Check 2020 . . .”

A misrepresentation of facts . . .

Little more than one year ago, property owners were presented with a proposed amendment to the covenants that would allow the establishment of a capital contribution fee (CCF).  This was done without property owners having any advance opportunity to review the covenant language or question it’s contents.  And now, in 2020, with a newly seated board, that injustice has been repeated. Continue reading “A misrepresentation of facts . . .”

Where does our money go? . . .

Now isn’t it remarkable that only weeks after being subjected to an extensive campaign for golf course renovations boasting the message “we already have the money” and culminating in an overwhelming approval for the project, property owners would now be confronted with a proposal for a $2,500 capital contribution fee containing the veiled threat that assessments or debt could be increased if not approved.  (1)  Seriously?  Where did our money go?  Have we just been duped?  Continue reading “Where does our money go? . . .”