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case # |
09-004 |
AZ |
Date: |
09-03-24 |
tags: |
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Dispute |
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In a condo community of 174 homes built in 1980-1981 our documents state; reserve funds must be kept |
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adequate, reserve money can only be derived from regular dues, & special assessments can only be |
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charged for unanticipated expenses (not reserve items). The board tells us that this dollar amount of our |
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dues goes to contributions and the rest for regular expenses. We paid our dues but the board does not |
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make the contributions. This has been going on since 2003 that I know of. There has been 2 times when |
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contributions were made but they don't show up on the financials anywhere. Does this constitute |
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breaking the contract? |
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case # |
09-005 |
AZ |
Date: |
09-03-12 |
tags: |
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Dispute |
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Vista is a subdivision comprised of 4,304 lots. Most of these lots are unimproved. We have approximately |
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900 homes at this time. Our amenities are a 18 hole golf course, swimming pool and park area. |
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Trying to make this short, we had a real estate company together with their investors come in and |
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purchase approximately 450 unimproved properties in 2006. At our annual election in 2007 they were |
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able to elect four of their people to the Board of Directors. Most of the absentee voters don't even send in |
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their ballots so they have enough votes to control the board. The four members they installed all worked |
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for the same real estate company and were business partners. One of the members was the father-in-law |
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of a member from the same group. Basically they controlled the Board and spend our money without |
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regard for our financial future. For the time they were on the board we were unable to make them |
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produce financial records. We know they were told by the auditor at the fiscal year end of 2008 they |
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could not continue spending money like they were or we would be broke. |
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The election committee that was supposed to conduct the election was dismissed and they appointed |
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someone else to conduct the election process. . . . . At this time we have had six resignations. Only |
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one member of the Board is an elected member. Is this even a legal board? The appointed members |
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are appointing members. . . . I could write a 10 page letter on everything these investors and realtors have |
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done to our community. |
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Sunday, April 26, 2009 |
Page 14 of 18 |
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