Well now. With the clubhouse renovation nearing completion and the $15 million line of credit fully drawn, it seems that the Association’s recently obtained ownership of various trademarks may have become leadership’s newest and latest pet project. Continue reading “An albatross . . .”
Category: Financial
The charade . . .
It appears we have been told a lie.
According to the FAQs found on the Renew Big Canoe website soliciting property owner approval for the clubhouse renovation, (1) no additional work was needed for the clubhouse kitchen as it had been recently renovated and was functioning in an efficient manner. Continue reading “The charade . . .”
The untouchables . . .
It seems that our elected board has managed to escape a self inflicted crisis unscathed and without consequence and with the continuing power to create new dramas some other day. This is Big Canoe. Continue reading “The untouchables . . .”
Walking it back . . .
There’s a lot going on in Big Canoe. So much so, that it can be a challenge just to keep up. Because of that, this post will once again address a variety of subjects rather than present any cohesive discussion on one specific topic. Let’s now begin with several updates to information found in recent posts. Continue reading “Walking it back . . .”
And for now . . .
As we anxiously await an announcement from the board that the trademark agreement with Big Canoe Brokerage has been executed, complacency can easily set in when in actuality nothing else has really changed. Continue reading “And for now . . .”
About that Big Canoe trademark . . .
By now, most property owners have either read the POA e-blast (1) or listened to the January 30th board meeting (2) regarding the issues surrounding the Big Canoe trademark. The board is embarking on two parallel paths to either purchase the trademarks “at an acceptable cost” or proceed with plans to change the name of our fifty two year old community. No further comment is needed by this writer at this time. Instead, this post will serve only to provide additional important details about those negotiations. Continue reading “About that Big Canoe trademark . . .”
Spent into oblivion . . .
In the last formal action of the year, this Board publicly approved the 2025 operating and capital budgets that they previously approved privately in late October. (1) And certainly at first glance, one might breathe a sigh of relief to learn that the assessment increase will total only nineteen dollars, but rest not easy. This is only a mirage. Continue reading “Spent into oblivion . . .”
Doctoring the mess . . .
“And as I’ve said many times before, we review these minutes well in advance so we know every single word and comma in those minutes” . (1) Those are the exact words as stated by the POA President after the board’s October 31st approval of the minutes from previous meetings. And yet, days after the November 8th post on this site (2) referencing approved minutes from an October 21st closed board meeting, those same minutes were removed from the POA website and replaced with an edited version highlighted in red. Continue reading “Doctoring the mess . . .”
It’s a mess . . .
And so it seems, leadership’s forewarning of future less than stellar financial performance (1), is now confirmed by the Association’s net operating loss for the month of September. Seeking to assure the community that the board was not concerned with the results, the POA President described the losses as nothing more than an anomaly. (2a) Continue reading “It’s a mess . . .”
Catching up . . .
As we stare at the images of the devastation to other communities from Hurricane Helene, somehow Big Canoe was spared. Predicted to inundate our area, it’s path instead veered East leaving us unscathed while others were so much less fortunate. Without even the precautionary ability to lower the volume of Lake Petit in preparation for a storm’s wrath, one might shudder imagining what could have been. Continue reading “Catching up . . .”