Community center plan for Bella Vista
I received my water bill today and read in the Connections Section included with the bill, the new Community Center plan for Bella Vista. I suggest that everyone read this article. It is an eye-opener.
First, I have serious concerns about the cost of this project — spending $14 to $15 million on this project on top of the spending spree we have been on for the last few years is excessive.
Another major concern is that the COO says in the Connections article the plan is to use the
upcoming assessment increase as “collateral” for a “loan” they plan to get to cover the cost. Doesn’t that mean that the money (collateral) has to be held and not spent for other reasons? Where will the money come from then to run the everyday expenses of the POA for coming years? More assessment increases? This will drive the POA and the membership further into long-term financial problems.
Based upon the previous promise made before the last proposed increase which was to use the assessment increase to complete the rejuvenation plan but, when the vote failed, they completed the plan anyway resulting in using up our reserve funds. This history of spending and this current plan does not make me confident that some other glitch won’t occur this time, costing even more.
This is not just complaining; it is sincerely questioning the wisdom of the entire costly project and the means by which it will be financed.
I have always believed in living within one’s means and this also applies to the POA. Where is our POA leadership?
For the above reasons, I will vote NO on an assessment increase.
Jay Soule Bella Vista