WAKE UP BIG CANOE!!!

The following ad was published in the April 2008 Big Canoe Smoke Signals:

WAKE UP BIG CANOE!!!


Changes are happening rapidly within our community. Are you
aware of them? Here are just a few that should concern you.


Capital Initiation Fee (or “Exit Fee”)
You will be asked to vote on this in the near future. It would require a 1% fee for anyone building a new home, purchasing a lot, or reselling a lot and/or home.

Isn’t it already difficult enough to sell a home in Big Canoe?
Will the value of your property increase because of these changes?
What will the POA do with the extra funds raised?


Sconti complex
The current price tag is $10.4M (of which $6M will be borrowed) and this is more than double the cost when this project was first conceived in 2004.

Also the $25 per month Special Assessment is on target to raise $4.5M by the end of 2010 and initially this was planned to cover virtually the entire cost.

Did this get out of hand or what?
Did we not receive $3,300, 000 from our Insurance Company for the Sconti fire?


Amenity Reserve Fund
The 1999 Amendment to the Amenity Agreement put this Fund solely under the control of the full POA Board.

The intent was for the annual cash flow into this Fund ($1M per year and increasing) to become the Capital Reserve Fund that Big Canoe never had in order to care for aging infrastructure and reduce the pressure on annual assessment increases.

Has this become the Board’s “slush fund”?
What do you think is pledged against the $6M Sconti loan?
Wouldn’t you like to see an accounting of this Fund?


Governance Philosophy
The Board has hired a consultant (cost??) to help implement the “Policy Governance Model” form of governance.

One of the major tenets of this form is that the Board focuses only on “high level” goals and very few details, while the administration has great freedom in how to achieve those goals.

Isn’t this exactly the problem that produced the “Governance Crisis of 2003” when the General Manager resigned. the CFO and Accounting Manager were fired, and it took a full year to clean up the administrative mess?

There has to be a better solution between the extremes of current “micro-management” and “no control”.

The board has also chosen to represent the Corporation (the POA), and not the Property Owners, who actually are the POA. This is a very important distinction.


Please get interested, ask questions of your Board Members and attend the Town Hall meetings.

Your opinion counts.

Concerned Property Owners