1. The Developer is playing his cards so as to maximize his financial position. New facilities will help him better sell his properties; but he holds the keys (votes) to pass the Capital Initiation Fee (CIF). Therefore, until the POA Board provides him with additional incentives, he will be against it.

2. The POA Board must have this CIF, since more money is needed to fund the Sconti Rebuild overruns and the coming operating budget shortfalls.

3. The Developer, although seemingly against it now, will vote his block-votes for the CIF once the POA Board gives him financial incentives to do so. These incentives will be recorded in Memorandums of Agreement that will not be available to the property owners.

4. The POA Board wants a large unmonitored fund of money for developing future facilities, and from which, they can spend without being second-guessed by the property owners. Trying to explain the no-bid Sconti Rebuild costs overruns has not been fun for the POA Board leadership. As a current POA Board Director told me: we have to lie to the property owners because we don’t like being second-guessed.

In summary, the POA Board will make a secret deal with the Developer and the Developer’s block-votes will carry the election for the Capital Initiation Fee, and for the Power Players.

Just like the election on the Sconti Rebuild, the election on the Capital Initiation Fee will be more of the same old same old. It is Big Canoe’s POA Board governance at its very worst.