Other concerned property owners know that the POA Board President/CEO will fight tooth and nail against any group funding an independent KPMG forensic audit; but many of us want this independent audit and will help pay for it.

Would the Concerned Property Owners Group please pursue this course of action?

There must be a few rules in the C&Rs to tie down our financial expectations of the POA Board and its management team, and to punish financial wrongdoing. Don’t we punish the property owners who break the rules?

I propose the addition of rules to require competitive bidding on all projects greater than $50,000. This would include large projects like the Sconti. On small projects less than $1,000,000, every Big Canoe contractor should be given a chance to compete with the chosen few; and property owners would save thousands, if not hundreds of thousands of dollars.

And there must be a “favorable vote” from the POA Board for expenditures over $50,000. We must never again allow a Board President (even if he is the CEO) to be the “only” Board member to sign a few checks totaling hundreds of thousands of dollars.

Our “Covenants and Restrictions” must contain a few firm financial rules to stop fiduciary lapses.

OK, Concerned Property Owners, can you make it happen?

All of your issues with the POA Board are well established and extremely important to Big Canoe’s financial future.

May I suggest some future actions?

1. Keep publishing your Big Canoe POA Board issues and any progress towards their resolution in the Smoke Signals. (It may be less expensive by publishing on the Internet.)

2. Hand out your “Wake Up Big Canoe” document as fliers at the next Town Hall meeting. (The next Town Hall Meeting is Saturday, April 26, 2008, Chapel Sanctuary, 10 A.M.)

3. Read your “Wake Up Big Canoe” document at the Town Hall meeting.

4. Form an independent POA Board Oversight Committee. Publish your meeting minutes and other results in the Smoke Signals and/or on the Internet.

5. Ask the community to help fund an independent “forensic” audit of the Sconti complex/rebuild and the POA’s financial records. Publish the audit results (in its entirety) in the Smoke Signals and/or on the Internet. (Big Canoers are adults; they can handle the truth.)

Thanks for stepping forward and caring about Big Canoe.

All property owners were mailed a document titled “A VIEW TOWARD THE FUTURE” in November 2005 before the vote on the Speciual Assessment.

This document stated that “Funding of the Amenities Improvement Program will be generated through several sources including general revenies, amenity and capital reserves, new debt, and a temporary Special Assessment.” The Concerned piece states that the Special Assessment was to cover virtually the entire cost.

They state that $6M will be borrowed–this is $1.5M less than the planned borrowing in the November 2005 mailing. It goes on and on.

Just asking….what is the agenda of the concerned property owners. Are they really so misinformed.