Time to amend POA constitution?
In two short years our elected POA board members agreed to reduce (spend/allocate) in excess of two thirds of the then existing reserves. While I do not know Mr. Judson, nor his education or background, I place no direct blame on him for this spending spree. He only did what our elected board members allowed him to do. What adds insult to possible future injury is our once again elected board wanting to borrow money to build a new community center, and further pledging a future increase in POA dues as security for this loan. Let me be very clear on this matter. Were I to be more literate, I believe, WE, the POA members, could be held liable as individuals should any default on said loan occur. This could mean liens being placed on our properties whether we are residents or simply lot owners. Thank you elected board members
for looking to preserve the financial stability of the POA. Perhaps it is time for an amendment to the POA “constitution” to require a percentage of funds be allocated to an emergency reserve account to protect the members from future financial liability.
Carl Heffner Bella Vista