Nothing like color graphs, charts, etc. to give credence to a false and weak argument. What you see above is a mishmash of data and statements with no sense of continuity, a confusing sequence of data strings, and a lack of common reference. It shows contradictory and scattered numbers from different sources that don’t amount to anything. With this reasoning presented, do you really want these folks to be responsible to spend your $500,000? This could be scorched line by line, but why waste the time; the Residents can see for themselves the blunder and confusion of it all. It’s all spin, propaganda, and misdirection, and the Board doesn’t do itself any favors with its attempt at a PowerPoint Presentation.
It all can be explained in a simple way, i.e. show us the Profit and Loss Statements of the Brassie Grille over the past three years without the subsidies from the Residents’ Funds. Let the Residents see how the renovated and expanded restaurant has the profits to come up with a down payment and pay the amortization of the loan amount. Show us the profit per table and the expected extra tables the renovation will accommodate. It’s all in the numbers. Show us the contractor’s proposal of how the $500,000 will be spent; be transparent.
The only way to change this “We’ll do what we want” mentality of the Board is to have a newly elected Board of Directors, whose goal is for the sustainability of the whole Community through its infrastructure, its maintenance, its presentation to the public, and the safety and welfare of its Residents. Right now we have a Board that’s focused on spending the Residents’ Funds on non-priority projects, and without the Residents’ approval.
The entrance to the community, e.g. roadway, gates, lighting, etc., needs to be addressed now, and not 2-3 years from now because of the excuse that the Reserves for the roadways need to be further funded. If $500,000 can be borrowed for a discretionary indulgence, i.e Brassie Grille expansion/renovation, then why can’t we spend the $500,000 on an immediate need, i.e. the community entrance, which certainly will better serve the WHOLE community?