Behind HOA Iron Gates - Part One |
Tuesday, 07 June 2016 |
Behind HOA Iron Gates
Texas Monthly Report Conflicts-and-Interests: HOAs have become a big business. They generate $40 billion in annual assessment revenue (the dues collected from individual homeowners) and $35 billion in reserves, representing a huge government-like contracting opportunity only without all the procurement safeguards and transparency guarantees expected of taxpayer-supported entities. A year ago the gated community of Bluffview Greens elected an unopposed board of directors. Eight months later, the Board had AMS / First Service Associations management attorney file a new governing document Resolution at the County Courthouse that nullified previous board decisions. It wasn't until two months after that, the Board - under pressure - finally notified the members of the Resolution filing.
In an attempt to explain the boards justification, the President wrote: I think that you would agree that, if a political party is voted into an office, it does not need to follow the previous partys decisions, regulations, policies, and laws. In fact, I would hope you agree that the voters voted for the new party to have
the rules changed.
Paris Constantzos, President of the Board of Directors Bluffview Greens Homeowners Association. Read more... |
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
Results 9 - 9 of 2844 |