Why do the property owners pay assessments?
Should be used for:
Road maintenance
Upkeep of all the bathhouse
Maintaining equipment
Paying utilities
Maintaining the property owned by the trust
Is any of these being accomplished? Not that can be seen.
Why do the trustees require the property owners to pay assessment to the trustees and not the trust?
Roads have pot hole, rough spots, deep ditch that have washed out, narrowing roads, etc. However the current trustees stated in their newsletter dated 2007 and sent out to some property owners in November of 2006 that they used over $20,000.00 on the roads. Also during the winter months no clearing of the roads were performed leaving it in icy roads and dangerous conditions. See pictures
The trustees are wasting the assessment money on an attorney to write letters that state property owners are not property owners, refusing to answer any questions, refusing to site the covenant, refusing assessment money again, etc. Also the attorney and the trustees are using the assessment money for doing nothing to resolve the issues of improvement of the trust and the assets. When the assessment money is used to reply to a question asked by a property owner the attorney and trustees should site the covenants as to why the property owner is wrong/correct or where to find the correct information. If that was done not only would the trust save money but the issue would be cleared and not be a continuing issue. Such as at one of the gathering a property owners asked the trustees why they sold equipment to obtain a SUV to ride around in. After each of the trustees gave their version of why this was done the property owner ask which of those versions was correct since none of the versions were close. What are the property owners to believe when nothing is every documented nor they same when asking a trustee. The trust assessment money is used to pay the attorneys fee why doesn't the property owners have a say in what the attorney is used for instead of the trustees using the attorney to send out useless letters that are either incorrect or vague.
The property owners do not know how much money is received each year or disbursed because the trustees only give out estimated list not a financial statement as required by the covenant. See Article I, Section5 (as per the recorded covenant). "At each annual meeting, the Trustee or Trustees shall render an accounting of all monies received, disbursed and held by them during and at the end of the preceding calendar year." When was this done last?
Lets hear other property owners concerns. Do any of the property owners see long term improvement for the trust.
Assessments are being used for purchase of property when they do not maintain what is owned by the trust. Also why do trustee/s own property instead of the trust owning that property? What happens to the money when that property is sold. Another good reason to issue a financial statement.
Why?
Why are the trustees sending out assessments in November for property purchase on the tax sale when by law that property may never be the property of the person who purchased it at the tax sale. The law allows the current property owner a time period to reclaim and only when that time period as past can the purchaser start the proceed to owning the property. In accordance if the covenant only property that is duly recorded can be assessed.
On the subject of collection of assessments why are assessment notice sent out for the next year instead of collecting them in accordance to the covenant. The covenant states that the assessment will be sent out in November of each year and due and payable within thirty (30) days after notice is given. So how is it correct to charge a late fee for the 2007 assessments when they are not due until November of 2007 and would not be late until January of 2008?