The answer to one question will show the attitude and agenda of the Board toward the Aquarina Residents. The Question is:
Why was River Oaks Resident Gary Parish denied access to or copies of the AGI Financials, more specifically, the detailed revenue and expense items, after presenting a formal written request that was attorney prepared?
Florida Statutes 720.303 (4) (j) 1 and (5) are specific that the Board must keep these records and that these records be available for the Residents to access.
Some of the bogus excuses for not releasing these records are that AGI is a subsidiary company and personnel salaries with the company are proprietary.
Response – ACSA is the Parent Company of AGI (the Subsidiary Company) and is owned by the ACSA. Further, the Residents pay at a minimum $200,000 to subsidize AGI. Should not the Residents know how their subsidy is being spent? The public, as a taxpayer, knows the salaries of Government employees, e.g. Teachers, Policemen, Firemen. Why not know the salaries of AGI that the Residents pay?
Denying access for bogus reasons creates suspicion.
In your blog, you indicated that I was refused access to HOA information, which is only partially true. I could look at the amounts they generated for the audit but limited what I could view from AGI, which is important and in fact is part of our ACSA and required by law. Actual receipts, cash transactions, employee salaries (not names) and contracts, bonuses, etc. Below is what is quoted in an email from Patrick Pollock regarding how he views AGI. In fact, AGI is a part of our ACSA and we are allowed to review all the information the same. I have received information from others, including past employees and residents that the figures provided are not a true representation of revenues and costs. Mr. Pollock’s email indicates they are to separate Boards but in actuality, the same people basically run both without oversight. There are court rulings to back up my position regarding review of documents. The same Board people who make ACSA financial decisions are the same ones who run and get money for AGI.
(From Patrick Pollock’s email to me)
In your email, you have merged AGI and ACSA roles and responsibilities. They are two separate entities with two separate Boards. While ACSA “owns” AGI it does not run it. AGI’s Board operates all things golf, tennis, and Brassie, and produces income that pays about 80% of costs of those amenities. ACSA owns and manages the common properties, and sets overall operational constraints and objectives for AGI. ACSA also has the ability to remove any AGI Board member at its sole discretion. Community Members are members of ACSA, not AGI. AGI has no members but sells memberships to residents and non-residents for use of specific amenities like golf.
Thank you for the detailed comment. Bottom Line – per Florida Statutes, the Board is directed to provide the financial data per the request. The AGI as a subsidiary of the ACSA has the same obligation to provide financial data as requested, since AGI is sub-part of the ACSA.