It would be insane to close any of Sun City's golf courses because present and past Boards failed to provide proper oversight. The past thirteen years I have observed management by committee that has provided the same results year after year, continued LOSSES. Professional business practices would have utilized a Business Plan and not allowed co-mingling of funds, therefore providing accountability to the membership.
Many concerned member homeowner have petitioned for a Business Plan in the past only to be ignored, WHY? Until the practice of Committee Management and co-mingling of funds is rectified there will be continued LOSSES.
Dwain A. Kramzar
702.838.5049
On Sat, May 14, 2011 at 11:22 AM, drgtrustpl <drgtrustpl@cox.net> wrote:
Bob P:
I don't think that is what will happen. From what I hear at the Board meetings I believe one or more golf courses WILL be closed as required. The problem is that like all our boards they will do nothing until absolutely necessary and then they will screw up how they do it.
With the slow Las Vegas recovery the nature of SCSCAI's finances is in the process of permanently changing. There will be a large renter population with the owners being businesses or individuals who only care about the bottom line. We should be shaping SCSCAI now to prevent losing what we all bought into but WE ARE NOT. It is only a matter of time and if we don't get smart very soon we will not have the ability to protect our way of life.
House values were never determined by our dues or how we ran this place. We should never have been talking about that and wouldn't if the Realtors (McCanna, et al) didn't have their own Agenda.
Don Gelbman, Director
--- In SCBuzz@yahoogroups.com, BobEmInc@... wrote:
>
> Don Gelbman - Don with all you say I just wonder if the Sun City Summerlin
> residents fully realize that the Board has agreed by their actions and
> inactions that the SCSCAI financial losses can well go into the millions as they
> have, with a 20 to 30 million dollar figure being discussed. What does
> this mean - - - it means as with several other HOAS, that when the losses
> become too much to have the SCSCAI seniors continue to cover the losses, then
> the Board may very well look to recover the losses they now care little about.
> In recovering the current losses of near $16,000,000 since Del Webb left,
> that would mean an assessment to each SCSCAI homeowner of near $2,056.00 a
> home. I guess the Board and the residents feel they can easily pay that
> assessment. Did I hear that SCSCAI is managed out of hand????? WAKE UP
> FOLKS, and lets buy the Board an alarm clock to wake
> them up also!!!!!
>
> My best to those who care little for the SCSCAI seniors!
>
> Bob
> Passmonick
>
> P.S. Being SCSCAI has thrived on honesty as noted by the Board, then
> lets inform
> purchasers of these financial facts, and just imagine what this
> would do to
> resales!!!!!
>
> In a message dated 5/13/2011 11:13:36 PM Pacific Daylight Time,
> drgtrustpl@... writes:
>
> > Subj: [SCBuzz] Re: SCSCAI Taken Over a Second Time!!!
> > Date: 5/13/2011 11:13:36 PM Pacific Daylight Time
> > From: drgtrustpl@...
> > Reply-to: SCBuzz@yahoogroups.com
> > To: SCBuzz@yahoogroups.com
> > Sent from the Internet
> >
> >
> >
> > Bob P:
> > This Board has no intention of doing anything about golf and restaurant
> > losses until forced to. The membership is not only being forced to pay for
> > things that are of no benefit to them but many are getting richly rewarded
> > for nothing and even more are cheating their neighbor. Everyone on this chat
> > line knows that and in time with some luck everyone will know. I am not
> > sure what is available to force a showdown but I am sure that whatever it is I
> > will find a way to use it.
> >
> > In the past as you have told everyone the Board was able to control by
> > threats and phony actions. Friar and Factor found out what that means when 4
> > employees ripped us off with phony charges arranged by the then ED.
> >
> > Robey was able to avoid any such problem because I was always available
> > and often prevented false accusations like the one President Post tried to
> > foster.
> >
> > Now I am their problem and I look forward to the fight. What I couldn't do
> > as an attorney I may be able to do as a Director. At least I hope so.
> > Don Gelbman, Director
> >
No comments:
Post a Comment