More Skullduggery from the Board
By now, any member paying even a little attention knows how the Board views the Owners: There have been more recent examples of the Board's lack of candor: Example #1: In its power grab in the governance document vote, the Board asked for--and received--the power to increase the "capital contribution" as often and as high as it wishes--with no limiting principle whatsoever. Just the way the Board likes things. Immediately after the vote, the Board announced that the capital contribution would be increased by 50 percent from $40,000 per property sale to $60,000 per property sale. The Board obviously had this planned ahead of time, yet decided not to tell the Owners what it planned to do. Why is this important? First, if you haven't figured it out yet, the capital contribution is a "tax" on selling Owners. I'm confident that the Board will gaslight that it's the "buyer" who pays the capital contribution. In a narrow sense, that's true...