With a month elapsed since the Lake Petit Dam Town Hall meeting, it is past time for this writer to express appreciation to the Geosyntec engineer/representative for his presentation regarding the status of our dam. (1) It was not only refreshing but also reassuring to at last hear from an outside source and expert on the subject. Continue reading “A bit more dam talk . . .”
Category: Capital Funding
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 . . .”
Guest Spot: Wayne Huey on the Capital Contribution Fee . . .
Wayne requested that his op-ed regarding the Capital Contribution Fee be posted at bcmatters.org. Thank you Wayne for your thoughts and historical reference. (Patricia) Continue reading “Guest Spot: Wayne Huey on the Capital Contribution Fee . . .”
Guest Spot: Mike Permenter on the Capital Contribution Fee . . .
Mike requested that his op-ed on the Capital Contribution Fee be posted at bcmatters.org. Thank you Mike for your thoughts and ideas. (Patricia) Continue reading “Guest Spot: Mike Permenter on the Capital Contribution Fee . . .”
Time to talk about our Capital Reserve Fund . . .
Given the size and complexity of our beloved Big Canoe and for all the capital dollars spent and long range plans envisioned, it is baffling and disturbing that our community’s restricted capital reserves have been so woefully unfunded. Instead, Continue reading “Time to talk about our Capital Reserve Fund . . .”
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? . . .”
The Metamorphosis continues . . .
In the midst of many important discussions regarding the Creek nine renovation, other issues or changes taking place in this community have been understandably overshadowed. However, recent decisions, particularly as they apply to POA cash balances and governance, warrant our attention. After all, no single segment of Big Canoe can exist in a vacuum. Continue reading “The Metamorphosis continues . . .”
Breaking the rules . . .
The July 23rd unanimous decision by the board (1a) to approve a revision to Board Policy and Procedure 105.2 (2) demonstrates either a lack of familiarity or a complete disregard of our governing documents and current policies and procedures. This policy 105.2 deals with special and reserve assessments, but before delving into the specifics of the update authored by the finance committee chair, one must first look at the obvious. Continue reading “Breaking the rules . . .”