Must Be Election Time

Looks like we've been awakened by several emails we've received over the past week regarding several proposed changes to our "Docs" by our Board OR Board President which requires our undivided attention. To get you caught up we are going to post the emails in the order in which they were received then we will voice our opinion. We've omitted the names associated with the emails but you can always voice your opinion in the comment section. Wink!! Wink!!

First from our Community Liaison:

I am writing to you as an owner in Island Cove and as well as my friend. By now, you should have received either the physical packet or the one that was emailed to you from Island Cove. As I was reading through it, two things that were disturbing jumped out at me.

In the packet is a letter from *** ***** asking for a favorable vote on changing the vote requirement in the “Amendments to Declaration of Island Cove” These are commonly referred to as the “Docs”. The change in vote approval would delete the 2/3 (160) votes and replace it with  a majority. 

What does this mean in clear language? The exact way it is written, for your upcoming vote, it could allow a simple majority. Read the statement. So a meeting is called and proxies are sent out. As an example, at a meeting, if 20 people showed up and they had 10 returned proxies, they would just need 21 favorable votes out of 30 to pass an item and it become a permanent addition to the Declaration (Docs). This is how it reads.

This could be a tremendous detriment and damaging to our community for so few people to have so much power over how permanent a change could be. A vote by a simple majority could end up costing you hundreds or thousands of dollars in additional assessments.

*** makes it seem like no big deal. He writes about something harmless like fishing off of the seawall or changing windows; however some future plan that could harm your value could be put into place with a simple majority. 

The second item it a vote to waive the audit for 2017 in exchange for an “End of Year Expense and Loss” report. We need an audit. Island Cove is a million dollar business. There have been questions regarding $5,000 cash spent. The previous accountant did not know what it was for, she could only speculate some workers were paid in cash and she recommended anything over $600.00 had to have a 1099. We need an audit, sure it will cost to have it done, but we need to know where our money is spent. A profit and loss statement just won’t do.

I urge you to please vote NO on these two items. To have so few have so much power is against all that is right.

While I am speaking about voting, I would really like you to consider the following candidates for the board of directors: ***************************** These owners care about what is going on in our community. We need checks and balances and I believe that these three owners can do it.

Thank you for taking the time to read this.

Best regards,