I have to thank you once more for exposing the wrongs that have been committed against the residents of SCA who puchased a Villa home. Your articles are shining a light into the dark corners of the past, and revealing some dirty little cobwebs of injustice that the current board members want to keep secret. Keep shining that light Ron, it is much appreciated.
I do hawever want to point out some pertanent facts, that your article "In Search of Favil West", does not highlight. They are as follows:
1. Your article correctly states the fact that Del Webb/Pulte had commissioned a reserve study in the year 2005. BUT - the reserve study was found to be so inaccurate and incomplete, it was rejected by the resident BOD (unanamously), on Sept. 29, 2005. On that same date, the resident BOD (unanamously) commissioned a REPLACEMENT reserve study to be undertaken.
2. When the REPLACEMENT reserve study was recieved from DIVERSIFIED FACILITIES, it revealed that the association's reserves were only funded to a level of 57%(UNDER FUNDED by 43%). It also revealed that the reserves of the four Villa neighborhoods were ALL UNDER FUNDED BY 80% OR MORE.
3. An audit completed in the year 2005, confirmed the fact of these shortages in the reserves of the neighborhods.
4. Both RMI and the resident BOD (under Favil West), abandoned their duty to compel Del Webb to adequitely fund the reserves as called for under NRS 116.31038, and began "negotiating" with Del Webb. THERE ARE NO PROVISIONS I CAN FIND IN NRS 116.31038 THAT PROVIDE FOR NEGOTIATION. As a reult of this failure of RMI and the previous BOD, the burden of properly funding the reserves of the association, AND the neighborhoods, is now being passed from Del Webb to the resiedents of this community. The Villa residents were all ready assessed an additional $500 for the entire year of 2007. The 7000 +/- residents of SCA now face a $160 per year increase next year (further increases are entirely possible). There are some indications that $2,000,000 +/- may be due and payable to this association, but the previous BOD and/or the current BOD remain in there myoptic position of "not looking back" to find out. In other words they prefer to take the easy way out and pass the responsibility of funding the shortages from Del Webb onto the residents of SCA.
5. This "problem" of under funded reserves should have been addressed by the preveious BOD AND/OR THE CURRENT BOD, but more than TWO years have past,and nothing has been done.
If there are any innacuracies in this statement, I apologize, (I am not a lawyer, or an accountant).
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This page contains a single entry by Ron Johnson published on October 8, 2007 6:43 PM.
Ron Johnson;
I have to thank you once more for exposing the wrongs that have been committed against the residents of SCA who puchased a Villa home. Your articles are shining a light into the dark corners of the past, and revealing some dirty little cobwebs of injustice that the current board members want to keep secret. Keep shining that light Ron, it is much appreciated.
I do hawever want to point out some pertanent facts, that your article "In Search of Favil West", does not highlight. They are as follows:
1. Your article correctly states the fact that Del Webb/Pulte had commissioned a reserve study in the year 2005. BUT - the reserve study was found to be so inaccurate and incomplete, it was rejected by the resident BOD (unanamously), on Sept. 29, 2005. On that same date, the resident BOD (unanamously) commissioned a REPLACEMENT reserve study to be undertaken.
2. When the REPLACEMENT reserve study was recieved from DIVERSIFIED FACILITIES, it revealed that the association's reserves were only funded to a level of 57%(UNDER FUNDED by 43%). It also revealed that the reserves of the four Villa neighborhoods were ALL UNDER FUNDED BY 80% OR MORE.
3. An audit completed in the year 2005, confirmed the fact of these shortages in the reserves of the neighborhods.
4. Both RMI and the resident BOD (under Favil West), abandoned their duty to compel Del Webb to adequitely fund the reserves as called for under NRS 116.31038, and began "negotiating" with Del Webb. THERE ARE NO PROVISIONS I CAN FIND IN NRS 116.31038 THAT PROVIDE FOR NEGOTIATION. As a reult of this failure of RMI and the previous BOD, the burden of properly funding the reserves of the association, AND the neighborhoods, is now being passed from Del Webb to the resiedents of this community. The Villa residents were all ready assessed an additional $500 for the entire year of 2007. The 7000 +/- residents of SCA now face a $160 per year increase next year (further increases are entirely possible). There are some indications that $2,000,000 +/- may be due and payable to this association, but the previous BOD and/or the current BOD remain in there myoptic position of "not looking back" to find out. In other words they prefer to take the easy way out and pass the responsibility of funding the shortages from Del Webb onto the residents of SCA.
5. This "problem" of under funded reserves should have been addressed by the preveious BOD AND/OR THE CURRENT BOD, but more than TWO years have past,and nothing has been done.
If there are any innacuracies in this statement, I apologize, (I am not a lawyer, or an accountant).