HOA Board Meeting - tonight - 6/6/2023

The Summit HOA's board of directors meets tonight, Tuesday, June 6, 2023, at 6:30PM EDT. The meeting is open to all homeowners (and, I shall add, residents (who are "occupant-bound" by the Governing Documents)). It will be held at Brookland Baptist Church Northeast, 1203 Summit Parkway.

WHY SHOULD YOU SHOW UP TONIGHT?

Will the Board officially receive the 2022 Audit tonight? Will the Auditor criticize any part of HOA financial operations?

Will the Board direct CAMS to solve, finally, the irrigation problems that are resulting in very poor visual appearance of many of the Common Areas?

Will the Board begin to understand the financial risk to the HOA and to all 2,480 homeowners (through assessment) of the Special Duty Agreement entered into by the HOA with the Richland County Sheriff's Department on February 1, 2023? The $2,000,000 in HOA cash could vanish in the stroke of a judge's pen, if the RCSD deputy were found at fault in some interaction on behalf of the HOA for $48/hour.

At least three board members (Martin, Butler, Rybicki) played roles in that Agreement. There is no record in the Minutes that the Board ever authorized anyone to negotiate it or to execute it. (There doesn't appear to have been any "negotiating"; RCSD prepared the contract.) There is nothing in the Minutes about having it reviewed by the HOA's insurance company, because of the increase in risk involved, or having it reviewed by the HOA's attorney. 

Will the Treasurer and the Board stop fooling around with the absurdly-low interest rates on large blocks of operating cash and reserves and inform Members (homeowners) exactly who is responsible for that? Is it CAMS? Is it the HOA Treasurer? Is it the entire Board of Directors? What is the Truth about who really decided which banks and accounts would hold the HOA money?

If $1,800,000 were earning 4% annual interest, that would be $72,000. Per Year!!! The 12/31/2022 Financial Report shows that the HOA earned $621.19 in interest in the entire year of 2022. See Line Item 4700 for that miserable number.

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