Bad News Coming?
Will the "new" Board of Directors have some bad news for Members (homeowners) of the HOA? By "new", I mean the majority of the Board, the four directors (Bryant, Lummel, Turley-Moore, Potter) who are now the majority of the Board?
Members can expect the Board to be honest about the financial affairs of the HOA. "Bad news" should be revealed. The "new" Board will work hard to re-establish a solid financial footing for the HOA.
Reserves have been destroyed. Money was moved out of Reserves in 2025 without vote of the Board. Who okay'ed that?
The HOA did not have a legitimate Treasurer after LaToya Adams resigned in May 2025. There was no Treasurer between her date of resignation (May ?) and July 1, when William Hill was illegitimately appointed to the Board in a private, closed, secret, pre-board meeting presided over by Danny Trapp and improperly referred to as an "executive session". Because Hill was not properly appointed, he could not be Treasurer. Did he sign bank signature cards?
The HOA did not have a legitimate Treasurer until December 1, 2025, when the "new" Board elected Linda Potter as Treasurer.
The "new" Board should trace every movement of money between accounts and determine by what authority it was moved. Who directed the banks or Edward Jones to shift funds?
Very close attention will be needed to the financial affairs of the HOA in the next 6-12 months. The increase in Assessment in January ($62,000 (2,480 x $25)) will not be "extra" money. The HOA will not collect all of it. What percent of homeowners don't pay their dues?
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