The Aquarina Board majority continues to spend the Residents’ funds in a reckless manner, most noted is the Brassie Grille expansion, in light of the skyrocketing and foreboding insurance costs and building roof repairs that are surely coming. Remember too, that the Board had to restructure Aquarina’s debt, per Bank of America, since our finances were over extended with its debt ratio. Imagine, an HOA being overextended with debt? It’s easy to spend money when it’s not yours.
You have AGI directors who find it hard to explain losses with the Food and Beverage finances, i.e. Brassie Grille, at a Board Meeting, yet the expansion of the Brassie Grille continues. We are told the proverbial “That ship has sailed.” Well, maybe that ship should be brought back and put in drydock.
Call the Administration Office for the current email addresses of the Board Directors, and email them your thoughts on the Board’s continuous and outrageous spending. Let yourself be heard.
Assessments are brewing to cover a cabal of Residents’ dalliances for whom and on which these unnecessary coming expenses will be foisted on all the Residents to pay.
More to come . . .