Questions from the Concerned Neighbors of ArrowCreek (CNA);
1.) Why is the ACHOA Spending our money on a property valuation study? Is it the intent of the ACHOA to ‘justify’ their decision to pursue a joint venture? What other explanation is there given the body of research already published/posted on ArrowCreed411.wordpress.com.
2.) Why is ACHOA spending our money on a ‘demographic economic’ study of our CIC? Peoples finances are not the business of the ACHOA. When people speak out and say they can’t ‘afford’ a $100 increase in dues you should take their word for it, not question the people who compose your constituency. Again is this a misguided attempt to ‘influence’ the outcome of the due diligence efforts, underway within the ACHOA committees?
Looking forward to your responses, either e-mail or posting to ArrowCreek411.wordpress.com.
Ron Duncan for CNA
Dear Mr. Duncan,
Thank you for submitting your inquiry to the board. Below is their response to your questions. This correspondence will also be posted on the HOA website.
I wanted to give you an update on the HOA information to be posted on the website and emailed. Due to various reasons, getting information out was delayed. However, today, the board-approved FAQs and the Golf Acquisition Reserve Study were emailed to all the members on the email program. These documents were sent yesterday to be posted on the ACHOA website; I am hoping the documents will be posted within a day or so. This afternoon I am sending homeowner letters and responses, such as yours below, to be posted so that all the members can have access to various questions and responses. A link to the ArrowCreek411 website is also being requested today and the meeting Minutes will also be posted this week. Thank you for your patience.
Jeanne Tarantino, PCAM, AMS, CMCA
Nevada Certified Supervising Community Manager
Sr. Vice President
Associa Sierra North
10509 Professional Circle #200, Reno, NV 89521
Office Phone: 775-626-7333
Dear Mr. Duncan:
Thank you for your questions sent in your email dated January 10, 2014. The Board appreciates your time in formulating your questions and we will respond to each question asked.
1. The ACHOA Bylaws state that “All assessments shall be collected by the Association. Association funds shall be paid out or distributed as authorized or directed by the Board.” The NRS requires that all common expenses (operating budget), including the reserves, must be assessed. [NRS 116.3115] The ACHOA Board must adopt budgets for revenue and expenditures and reserves and collect assessments for common expenses. The ACHOA Board can make contract and incur liabilities on behalf of the ACHOA as outlined in NRS 116.3102. The 2014 Budget and 2015 Budget were approved by the ACHOA Board members and ratified by the ACHOA members. The ACHOA Budget allows the Board at their discretion to incur expenses or liabilities that fulfill their fiduciary responsibility to the ACHOA membership. AS such. All approved expenditures by the ACHOA Board are within the approved framework of the ACHOA 2015 Budget. Please review at the ACHOA website.
2. The Phase One Property Valuation study is the result of numerous ACHOA members voicing their concerns that the information provided in the August 24, 2014 ACCC presentation was inaccurate and incorrectly reflected the current literature concerning golf course communities. There are other ACHOA members who believe the information provided was accurate and disagreed with the contrarians. It was decided by the Board that an independent study for all ACHOA members to review should be provided. The Board felt that an independent study that collected all of the literature on the subject of golf course communities with a bibliography and summary opinions provided by an independent economist was in the best interest of the community. The studies intent is to provide to the community a transparent factual document that could be reviewed by the ACHOA members as they consider the issue that they may face concerning – “How does a golf community impact my property values.”
3. The demographic or census survey is a direct result of the Candidate Night meeting that you (Mr. Duncan) participated in concerning the ACHOA Board’s failure to understand the ACHOA community needs and wants. This demographic or census survey is designed to develop the common interests within the community, interests in specific amenities and programming, changes to communication systems, capture demographics on the community that have never been accomplished in the past, facility improvement plans, and other topics that the ACHOA members would like to share with the Communications Committee and the ACHOA Board of Directors. The survey is not designed to influence any ACHOA members. It is solely designed to collect information that will assist this and future Boards when asked to add specific amenities and programming within the current budget process. It will also assist in giving the ACHOA Board and ACCC during its due diligence evaluation of any social or recreational benefits form the proposed joint venture proposition.
4. The Communications Committee an Advisory Committee of the ACHOA Board has been tasked to provide accurate, factual and nonbiased communications both pro and con to the ACHOA members. Most of the recent information provided to the ACHOA web site and to ArrowCreeek411 by the committee has been an effort to respond to ACHOA member questions. Factual verifiable information for ACHOA members to refer to and evaluate is the only goal of the Communications Committee. There are no nefarious hidden agendas for the Communications Committee.
We look forward to receiving your future questions and we thank you for your concerns.
ACHOA Board of Directors.
Webmaster Note: This was one of the ACHOA responses included in the January 24, 2015 ACHOA Associa website posting.