One might think since the original launch of the “Clubhouse Vote Yes or No” e-blast following the meeting held on July 24th, 2018 at the clubhouse along with the subsequent fallout from property owners engaging in discussion about the project on various social media sites, the lack of documented preparation by the board, the lack of official community-wide notification, the lack of actual written financial projections and budgets presented by the board to property owners to provide usable information with which to make an informed decision, and in general looking like there is no documented viable plan (or at least not one which has been shared with the stakeholders of this project) on the table to approve a $2 million dollar clubhouse build the board might consider it important to take some big steps back and rethink what is in the best interest of the community they serve. Big steps back like postponing the project until several benchmarks can be addressed.
Instead, today the property owners of Timberwood Park, at least those who belong to the Spectrum e-mail list for all things Timberwood, received a revised set of numbers, not full financials, with caveats listed at the bottom of the page. Where is an actual written current financial for Timberwood Park which includes year-to-date revenue and expenditures, annual budgeted revenue and expenditures that has been sent out to every property owner in Timberwood Park as a means for property owners to establish a benchmark for informed decision making?
Do you remember receiving a notice earlier this week suspending voting because ….
“Dear Residents:
In reviewing the financial summary related to the proposed new clubhouse so we could answer questions, the TPOA Board discovered an error in the summary that caused the association’s projected gross income to be overstated. This error was the result of including fine income (fines issued for deed restriction violations) in the projections when it is not applicable to TPOA’s budget forecasting. Fine income is not accounted for in TPOA’s annual budgets, but because the association’s books are kept using the accrual accounting method, it is accounted for in income statements whether or not it is collected.
With regard to the summary, the original number presented to the community was $760,000 annually, but that number has been adjusted to $690,000 annually. ”
What was provided as a solution today was a sheet from the power point presented 7-24-18 which has been revised to “correct” the misstatement on income which the board was made aware of by a property owner. Read that last line again…..the misstatement on income — which the board was made aware of by a property owner…..shouldn’t the board have known what was “real income” versus what was pass through or not included in our operating income? If that was a misstatement, why would you believe the numbers now being floated as accurate?
Shouldn’t we expect the board to have the details of the financials well understood and already correctly calculated thus far this year, especially if they are considering such a large expenditure? Shouldn’t a board who has done their research, sought 3 bids, researched this project for 2 years, and so on know this inside and out and be able to confidently present any and all detail to ensure property owners are confident their money is in good hands?
Why would anyone now believe — hey problem solved — it was just a miscalculation of income and we are good to go???? Let’s invest $2 million dollars and see what it gets us….after-all it was just a simple mistake. Do you have confidence in this board at this time given what you’ve seen thus far?
The entire process to vote is so confusing, so purposely left without documentation and supporting information to provide to the property owners in order to make an informed decision that EVERY property owner should be wondering why they would trust their money and its management to this board under any circumstances at this point.
Restart the vote? Hmm. Let’s see….. so if I have voted and I decide to vote again will that cancel my vote because we were told that if we voted more than once that would be the case. Hmm. Let’s see…. so if I vote now and my vote before was different, how can I be ensured that the new vote is counted rather than the old vote? Hmm. Let’s see…who’s counting these votes, the old votes and the new votes coming forward? Hmm. Let’s see…who’s the independent oversight to ensure that this is being done fairly and allows ALL property owners the opportunity to vote?
We still have folks who are not on the Spectrum e-blast list. Do they even have a clue what’s going on? Are we ensuring that EVERY property owner has the same opportunity to provide their informed vote on this matter? Someone mentioned this looked like a circus on social media….I hear the calliope now………..
Neighbors! You are entitled to better, more documented information and full transparency on this huge project. It’s time to vote no and put this to rest until every property owner has had the opportunity to be fully informed.
I am on the spectrum eblast and I have not received any revisions of any kind. To make matters worse I have already voted. Will my original vote count? How will I know the vote, first or second or third will be counted, accurately or otherwise? Just saying….
That’s part of my entire blog. How can it even be a consideration to go forward at this point?
My husband and I am bith on the Spectrum eBlast, yet neither of us have received an email.
Was this purposely done or was there selective emails sent in an effort to leave those who have publically started that they are a No so that those people will not get to vote again?
I cannot, in Good faith, vote to move forward. I feel this voting debacle may be grounds for an Injunction or a legal move to stop All forward actions until all information is presented.
I received the eblast today with three attachments. I previously voted NO and today’s eblast said my vote would count as previously submitted. Somehow, I don’t feel very secure about that. And, I think a new clubhouse is a waste, not needed. I say spend a few bucks to improve the one we have. However, I only see a need for improvement in the gym, say some updated equipment and better cleaning. That’s my $217.00 a year (not .02 cents) worth. The problem with government, even local TWP government, is that it figures out new ways to spend other peoples’ money. If we have so much money, return it to the residents or lower the dues.
Alethea, Suggest you voice the same concerns on nextdoor so that as many neighbors hear people’s concerns as possible. The blog is reposted out there as a new item under the heading Clubhouse Debaucle Restarts Voting Process?
Lanny, please post your concerns on nextdoor as well since it will reach more neighbors and allow them further thought. The blog is reposted under the heading of Clubhouse Debaucle Restarts Voting Process. Thanks for your comments.
I did receive an email but it wasn’t an eblast,. It was from spectruman@cincsystems.net. And everyone home address was mailed a large postcard that did have the info regarding voting. If you wanted your vote to remain the same no action was needed. If you wanted to change your vote instructions to do so we’re included.