Just some initial thoughts about the asinine assessment letter sent out by Luther:
The assessment is based on VERY rounded numbers…like EXACTLY $50,000 for “nuts and bolts” (that’s a LOT of nuts and bolts) which makes me think they don’t even have real bids…PLUS…the “contingency” is about $400 a unit on the current assessment….that is huge…and the $36k is probably for RML coverage but being called a contingency…yet another subterfuge by the Board and Joe.
Back when I was a rocket scientist with NASA, we had a term, “SWAG” = Scientific Wild Ass Guess – when we didn’t have enough data for any logical conclusion. Looks to me like SWAG is alive and well – and used to “guess” at the huge Asinine Assessment that you and I have to pay – even if the Board is unconfused by facts as to the real costs for what they THINK needs to be done on the property.
What needs to happen is that all the finances for the past 5 years be reallocated…and properly split out between what is RML related costs – like the pavilion, etc…and that there be two tiers of assessments – one for all of those using RML…and one for the rest of us owners who do not benefit from RML whatsoever….obviously, ours would be substantially lower…plus if those using RML had to shoulder the entire burden they would understand my long standing recommendation to sell RML ASAP.
Matter of fact, i think all non-RML owners should consider filing a small claims court action for up to $15,000 (Tennessee has one of the highest limits for any state for small claims) as money damages against GGRC and RML…we are seriously considering doing this if they don’t do a two tier approach on the assessments.
http://www.seviercountytn.org/index.php?option=com_content&task=view&id=10&Itemid=15
We can all even file our small claims action online for a total cost of under $60, including all filing fees, at this site:
http://www.civiltree.com/small_claimez/smallclaims_pricing.php
That seems like a great deal…..if we have 10 or 20 of us willing to spend $60 to file suit, i think even Joe and board might get that message.
Luther told me that this property is operated as a “condo-hotel”….and that everyone knew that going in….I told him that it is NOT…..there is nothing in the Master Deed that states that it is anything of the kind…and we did not buy here with that intention.
The board, and all owners, have got to realize that it is not the same set of condo-hotel rules for all units – and that owner occupied and owner operated units don’t owe a penny for anything having to do with RML – no matter how the Board tries to hide things.
MUCH more coming on this subject when I have the time….
Robert
PS: You can download the complete Luther Letter – including the Board Meeting minutes, as scant as they are – plus the assessment letter as asinine as it is – by just clicking El Toro Poo Poo
Comments anyone?
Tags: bad management, Joe, Board of Directors, lawsuit, Small Claims Court, Assessment, The Joe's Folly Pavilion, Luther, RML
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