Some Other Owners'
Responses to
Joe's Gypity Do Dah Offer
I am pleased to see all the responses of
other active owners who see that the Deer Ridge owners are at
significant risk of being ripped off by several hundreds of thousands of
dollars if Vic and the Board move forward with their vote on November 12
on Joe's offer to buy RML for $100,000 with $10,000 down.
So far, NO BOARD MEMBER INCLUDING VIC has
answered ANY owner with answers to ANY of the questions in my letter!
Do Vic and the individual Board members
feel that they are not obligated by their elected position to be held
accountable by the other owners?
This is a critically important issue that
ALL owners need to understand and voice their opinions about to Vic and
the whole Board. If you don't, there is still a good chance that
our Earless Leader will still try to railroad this sale through.
If you respond and care to have your
response posted here, please email me a copy.
Thanks!
Robert
A-202
Carlos, Janis, and Elena
Lopez - D-101, D-203, D-302, D-202, and C-305
To: Vic Uhlman, President
Board of Deer Ridge
All Owners
We received your letter (with the
attachment from Joe), dated October 9, 2006, last Saturday, October 28,
2006. We wonder why it took so long to reach us. It certainly does not
give us much time to respond. We also only received one letter, when in
fact, my wife and daughter and I own 5 units.
You indicate in your letter that “as has
been my practice” you let the Owners of GG&RC know when there are
important decisions to be made with regards to the well being of Owners.
This is the first time that we have received such a letter from you. My
family and I sincerely believe that the sale of Ridge Management Limited
(RML) is something that MUST be approved by the OWNERS in a more formal
way and after a complete study of the pros and cons is made, and only
after defining the true value of RML.
We agree fully with the letter that Robert
sent to the Board and posted on the Deer Ridge Owners website.
As he states, there are many issues that must be reviewed before we make
the decision of selling RML. This matter should have been discussed with
the owners. For instance, if I said that I would make an offer to buy
RML for the same price, or perhaps ten thousand dollars more than Joe,
would GG&RC sell to me? I may not have the extended experience that Joe
has, but I own five (5) units, and they are all on the rental program
Since the same people that are running the operation are staying in
place and no changes will be made, I am sure that in a couple of months
I could be well versed in running RML.
I cannot believe that our President and
Board of Directors are taking this offer seriously without having an
independent appraisal made of the value of RML and without offering this
sale to others. Have we determined what assets we have in RML? Who will
maintain the equipment on the common areas, and who will pay for these?
Why is our pool, Jacuzzi, steam room and club house being used by
others, (cabin renters), who do not provide any income to us for their
use? My family and I, who are Owners, strongly believe that the above
practice should be STOPPED immediately. We also disagree with the
selling price and the terms for the rental of office and laundry
facilities. There are many issues that must be resolved before the sale
of RML is completed.
My response to your request is: DO NOT SELL
RML until a better study of its value is made and the duties and assets
of the new owner are spelled out in great detail.
Sincerely,
Carlos, Janis, and Elena Lopez
D-101, D-203, D-302, D-202, and C-305
Neil
Blair - C-208
Deer Ridge Board member,
Can we all agree that Deer Ridge is
owned by all individual unit owners, and that all owners deserve to be
fully informed on all details of the business of Deer Ridge, if they
choose to have access to the details they should be able to get them
with little or no inconvenience to them.
I would like for each one of you to
respond to Mr. ’s points "all of them" in a letter containing
the E-Mail he sent to you, along with each of your intentions on the
proposed deal in another mailing to all owners, BEFORE any vote or
further action of any kind is taken.
I would really appreciate an e-mailed,
detailed response from ALL of you on each point made by Robert, in the
past I have received responses from 3 of you, but no response at
all from 2 of you.
If you choose not to respond to all the
points via e-mail, Please let me know that you, in fact, " for the
record " did receive my e-mail.
Thank You,
Neil Blair
www.vrbo.com/102088
C-208
Robert
- A-202
To: Neil, The Board, Joe, Deer Ridge
Dissidents List
Great letter Neil!
I hope that each member of the Board takes ownership for the
responsibility that goes with their elected position as a Board member.
It is past time for each of them to stand up and be held accountable for
their own position.
Each of them is required by law to perform their own detailed analysis
and due diligence of the RML sale...and that each of them should be
willing to respond in writing to ALL owners, point by point, to my
email, so it is clear to all owners where each of them stands on each
and every one of these critically important issues.
If the Board members have not yet thought through each and every point
of my letter where they can fully understand all of it....and convey
their position in writing to all owners on each of these points, then
they are clearly NOT ready to let Vic and Joe railroad this gyp of a
sale through approval.
Based on my own experiences with Vic, I fully expect that he will once
again cover his ears, remaining Our Earless Leader, so he does not have
to listen to the dissident voices and objections of so many owners.
That way, he can dictatorially move forward with his own personal agenda
for his own, probably hidden, reasons for completing this sale.
If Vic does this, we may all have to pool our efforts and money to take
Vic, Joe and the rest of the Board to court to overturn the sale and
pursue each of them legally for recovery of our joint legal fees and any
other losses we or the HOA have that are related to the sale of RML.
The ranks of the Deer Ridge Dissidents are growing, almost daily, so
splitting the costs on this are probably going to be much less of a
burden than even one special assessment we will ALL have for maintenance
on Deer Ridge....maintenance that could have been paid for by the extra
$250,000 to $400,000 we might have gotten from a legitimate valuation
and sale of RML.
I am still dismayed that even Vic, as President, has not taken more of a
leadership role in this issue. He is suppose to be a business owner who
should have been able to perform at least some basic due diligence on
this deal before forwarding the "information packet" on to the owners.
If he is incompetent to do this even basic analysis, then he should not
be President. If he is competent, then where is HIS analysis and why
wasn't it included in the original packet of information sent to all
owners?
I guess he is, for whatever hidden reasons, totally convinced on all
merits of the deal that Joe offered...and just wants to get the
information polling formality out of the way as quickly as possible so
he can expedite his, and the Board's, approval of the sale verbatim the
way Joe offered it. You would think, if he was really interested in
maximizing the HOA benefits of a sale of major assets , that he would
have offered us "little people" explanations of why he considered Joe's
Gypity Do Dah offer to buy RML such a good idea.
Since some members of the Board appear to not really understand their
personal liability with regard to their own legal, fiduciary
responsibility that goes with holding their elected position, I
recommend that they all read the following article:
Who Ya Gonna Trust? Board Members Have a Responsibility to the
Association
http://www.condomagazines.com/article/articleview/158/1/13/
Neil, if you or anyone else have the email addresses of other owners
not shown on this cc, please let me know so that we can all have them.
Hopefully, you will be doing a mailing to all the owners also. The more
owners who become informed about this travesty, the more likely it is
that even Vic won't be able to ignore the rights and wishes of the
owners of Deer Ridge.
Thanks again for your help and leadership!
Robert
A-202
www.DeerRidgeOwners.com
PS: If one of you would please forward a copy of this email on to
Vic, it would be greatly appreciated...since, as our Earless Leader, he
is written me stating that:
Robert:
Again...I will not open Tuesday's, today's or any other emails that
you may send. You may direct them to our Association's attorney.
Further, I am blocking your address.
V. Uhlman
Jim and Jennifer s
Cumston - A-102
To the Board
I concur with Mr.
’s assessments of the sale of RML and the use of Deer Ridge by
cabin renters. I still back the sale of RML but not in this deal based
on what I have now seen. Access the true value of RML. The board is in
fact failing all the owners of RML and short changing us by a quarter
of a million dollars. The board is not fulfilling its fiduciary
responsibilities with this sale. The board is leaving itself personally
open for punitive damages as well as all the owners for liabilities
still on the books.. I hope and pray that there are enough members of
the board who recognize the fact that they are not immune from personal
legal liability in this matter. Think about your personal assets you are
placing at risk if you do not change course on this matter. Let's use
some common sense in this matter, Robert if you personally like
him or not, makes a lot of sense because he knows what he is talking
about here. The board on the other hand does not know or realize what it
is doing. Set your personal emotions aside and look at what he has to
say on this sale. If for no other reason then to save your own assets!
Jim and Jennifer Cumston
A-102
|
