The 2005 "Look-Back" Sun City Anthem Reserve Study: A White Paper

Dear Mike;

I got your latest message. Some body sent you a registered letter complaining about violations of NRS?. Wow! I would think you would be pretty well versed on NRS. You seem to spend a lot of time at the Ombudsman’s office. You should be taking more notes.

Remember when you and I (and John Leach and my attorney and Kay Dwyer), were at the Ombudsman’s office? You seemed a little frustrated, and red in the face, but I attributed that to the heat level in there.

Kay Dwyer also seemed a little off her game (Mrs cool). When she said she didn’t have to name the attorney she and Favil West consulted when they signed “The Villa Agreement”, I almost fell off my chair. I hope my laughter didn’t disturb you. It’s one of my faults. I have other faults like expecting the truth from board members, but then again I still believe in Santa Claus.

Getting back to your message, I didn’t realize you knew so much about how a reserve study works, and how its conducted. Jack Troia told every one at the Reserve Task Group meeting that Diversified (the reserve company) was here in 2005, and conducted a physical inventory of all the “stuff” in the reserves. That must have taken a long time. I don’t remember any one going around here measuring stuff. Maybe you could help me get some of the records of that inventory. I like to check Diversified’s math. Would you believe it? They made a math error when they measured the square footage of the Villas. Boy, I thought those guy in California were smarter than that. Is that the best reserve outfit we could get? My grandson can do math better than that.

I’m really impressed that you seem to know so much about the Villas. When did you learn about all those bids and stuff? I can never get that information from RMI. You sure are lucky to have the inside track with them. Your also lucky to have a good buddy like John Leach. I see a lot of his influence in your message. You almost talk like a lawyer now a days. Quite a difference from working in a restaurant huh.

I would like to tell you about my neighbor. She will be 99 years old in a few days. When she read your message that threatened all the Villa owners with a special assessment of $1,480 she began to cry. Shame on you Mike. I also want to remind you of some thing you seem to have forgotten. You said “There was no money taken from the Villa owners.”
Maybe you forgot about the 2007 Budget. The Villa owners were the only residents that had to pay an extra $500 that year ($500 x 162 Villas = $81,000). That much money buys a lot of paint.
I have never figured out how any one could determine how much to raise the dues, BEFORE they knew how much Del Webb was going to contribute. It’s like trying to figure what your monthly payment is going to be when you buy a new car, with out knowing how much your getting for your trade-in. Boy who ever did THAT was sure smart - huh old buddy.

Did you have to pay an extra $500 in 2007? Oh – sorry, I forgot, You don’t live in a Villa, Why would you care.

Let me know when you need some more of my money. You know me, always happy to oblige.

Norman McCullough