Category: Capital Funding

Guest Spot: Wayne Huey on the upcoming Clubhouse renovation train wreck . . .

Wayne has requested that his op-ed that follows regarding the clubhouse renovation be posted on bcmatters.org.  As always, thank you Wayne for sharing your knowledge on this subject with the community. (Patricia) Continue reading “Guest Spot: Wayne Huey on the upcoming Clubhouse renovation train wreck . . .”

It was there until it wasn’t . . .

It has now been learned that those property owners who took the time to attend last month’s public board meeting and ask questions have been disrespectfully characterized by the General Manager as nothing more than spreaders of “misinformation”. (1) And once again bowing to the will and wishes of the GM rather than their constituency, our Board of Directors voted 5-2 in a closed meeting to delete and censor that April 25th Q&A session from the posted video. Continue reading “It was there until it wasn’t . . .”

Circling the wagons: Part Two . . .

Remember the Finance Committee Chair that surmised to the community in his “Renew Big Canoe” financial presentations that food and beverage losses are a “good thing” because that means we don’t have to pay taxes? (1) Now installed for a second term as Chairman, he’s back and presenting a rambling and disconnected tutorial on GAAP (generally accepted accounting principals) and accountability. (2a) Continue reading “Circling the wagons: Part Two . . .”

Keeping the record straight . . .

In yet another welcomed information packed open board meeting complete with a lively Q&A, the community was barraged with details on a multitude of important subjects. And although the clubhouse situation and renovation probably took center stage, this post will be limited to time sensitive discussions regarding the water company negotiations and Wells Fargo loan covenants. Continue reading “Keeping the record straight . . .”

Guest Spot: Wayne Huey on the Renew Big Canoe – Clubhouse Renovation . . .

Wayne has requested that his op-ed regarding issues with the pending clubhouse renovation be posted on bcmatters.org. Thank you Wayne for sharing your knowledge and this enlightening information with the community. (Patricia) Continue reading “Guest Spot: Wayne Huey on the Renew Big Canoe – Clubhouse Renovation . . .”

Now for the rest of the story . . .

What an unexpected surprise. Without a doubt, the first open board meeting of the year was one of the more informative and enlightening meetings in perhaps many years. Complete with a well presented update on the status of Renew Big Canoe (after all information going virtually dark since the August approval of the project) coupled with the POA President’s repeated promises to adhere to the Association’s policies and procedures, (1a) kudos to the newly elected president are certainly in order. Continue reading “Now for the rest of the story . . .”

Another year in POA land . . .

To be honest, for this writer, 2023 was a disappointing year in Big Canoe. With plunging cash ratios, continued negative cash flow, escalating food and beverage losses, extravagant capital expenditures, more assessment increases and flawed budgets all culminating with a board reaching even further lows by consciously and overtly altering and manipulating official documents in order to advance their agenda, there is no current confidence that 2024 will be any better. Continue reading “Another year in POA land . . .”