HO A:
Many issues have been coming to light in the past months regarding how our Associations were put together. We have areas for which the developer appears to have had intent and made this intent known but never updated our documentation accordingly. For many years our Associations have operated in a manner which was not necessarily what some of the documentation specified. There is much work to be done to bring each Association's paperwork up to speed and it will require everyone's cooperation to make it happen.
AS
I SEEN IT: And LOTS and LOTS of money......this ain't no complete list
o' course...but can you see if we get them up to runnin' there is gonna
be higher assesments for all.
- flash drive for records to be put on so it can be passed from one to the next
- notebooks for each director to get keep info
- tax ID #
- filing cabinet
- printer paper
- ink cartridges for copies for meeting notes for everyone
- registered agent fee annually
- reimbursement for gas for Treasurer to go to P O Box and bank and wherever else
- LD call reimbursement for calling the Secretary of State and OK Tax Comm
- P O Box
- pay to file all documents correctly
- taxes on every single assessment- both federal and state (so we'll all have to kick in extra to cover the taxes.)
- pay tax preparer-bookkeeper
- annual CPA audit
- Treasurer write and sign checks
- Checking account
- stamps, stationary, envelopes, printer cartridges for annual meetings
- taxes on all monies collected
- that HOA attorney he said as a corporation we also have to pay franchise taxes. I bet we never done done that one before.
BT4 (Burning Tree South)
Certain homeowners in BT4 felt that they should not pay assessments and requested that BTMA research where there was a link between BTMA and their association requiring them to pay these monies to BTMA. BTMA discussed this at a board meeting and decided to hire Steve Schuller from Gable/Gotwals to research further.
A petition was taken by a number of homeowners in BT4 in order to attain a majority of signatures. The petition was entered into the County Clerk's Office in June of 2011 and BTMA was notified that BT4 was no longer a member of BTMA and therefore did not feel they should be assessed. Further, some homeowners wrote letter demanding ALL of their past assessments be repaid. This prompted BTMA to move Mr. Schuller from his original task to the task of researching whether the petition and filing was performed correctly. His opinion was that they had not satisfied the requirement so amending the CCR's for BT4 in three area. This opinion was then read to a group of homeowners at Hardesty Library in July. It was voted on that Mr. Schuller present a letter to go into the County Clerk's Office stating that the amendment was invalid. The outgoing board realizes that only a judge can render a decision on whether the amendment is legal or not, the letter is simply to let those folks who may purchase a home in BT4 know a home in BT4 know that this is an issue that is in conflict.
Now ain't that something! That one director /officer who got in as VP after probably showing up at her first meeting ever she ran around all wide-eyed and bushy-tailed saying there was going to be special assessments for all. She tole ever last one of us that Mr. Schooler cound't find nothing that tied the subdivisions to the BM so that was why he went after the petition. There was a couple of the directors who admit to us "off the record" they could see that the attorney he used incorrect caselaw and he completely misinterpreted the covenants. Many are upset that $3,000.00 was wasted of homeowners money to get a really bad opinion of counsel. It isn't rocket science, Brutus. Anybody could read it and see it plainly but no, now the money paid by 12 hardworking homeowners is gone POOF! ---just given to a attorney who gave incorrect information, after that one homeowner advised against hiring him.
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