Assessment postponement not enough
I think the POA did the right thing postponing the assessment vote till 2019, but it won’t change how I and a lot of other people feel about the excessive spending that has been going on the past couple of years by the COO with approval by the board and the outlandish cost of the new proposal for a community building. A postponement is not enough.
I am sure the POA Board has been following the
Weekly Vista letters to the editor which are full of members letters against the excessive spending and against the new assessment.
The people I talk to are upset that the board has already given tacit approval for the Community Building project and the plan to put up the assessment money we will pay as collateral for that project. Collateral is a pledge as security for a loan to be forfeited in the event of default. I do not agree that this is a wise financial move for Bella Vista.
Hopefully, this delay in the assessment vote may be a sign that the board is coming back to its senses and will actually begin considering our current and future financial well-being which I think is totally going wrong at the direction of the COO.
Simply delaying the vote will still not get my vote. It must be more than that.
Jay Soule Bella Vista