Vote Yes to Recall the Entire Board

Are you concerned that our HOA dues in 2020 will potentially increase to over $400/month per member? The president of current HOA board and its CEO falsified records of our HOA, engaged in illegal and fraudulent activities (see links below for evidence), can we trust them to manage our HOA money responsibly, honestly and lawfully?

The president of HOA board signed the minutes for a meeting he did not even attend! He and the CEO altered several meeting minutes AFTER the minutes were approved by the board. Why is this important? It is illegal and fraudulent. We have proof that the President and the CEO are breaking the law and lying to us about the true financial health of our HOA. You can find the newsletter "Fraud and lies" and supporting evidences in these links: highlights of alterations from open meeting Minutes of May 2019, June 2019, July 2019, August 2019, original and altered meeting minutes comparison, , email exchange regarding bill payments, and 17 lawsuits CEO is involved as of 11/15/2019, updated 22 lawsuits list and results.

Let’s ask the big question, Where is the money? We know that 20% ($15K) of our monthly dues goes to the attorney for legal fees, another 10% ($8K) goes to the CEO and 16% ($12K) for insurance which leaves 54% to pay the HOA’s operational expenses. Our annual insurance premiums for D&O and general liability have gone from $31,000 to $147,000 (474%)since Mr. Umann became president and Mr. Barone CEO. The increase cost of insurance is due to the many lawsuits, most of which are the direct result of the CEO’s actions. We have paid over $110,000 year-to-date (October) in legal fees and counting! Over 15 lawsuits have been initiated by the CEO on behalf of the HOA, all of these are costing the HOA money. And without board approval, the board President Umann is crazy enough to sign off on them, so we are all paying these legal bills!

Why are we paying for the CEO to file lawsuits against our own members? He is using our HOA dues to file personal lawsuits for his own personal reasons and he’s losing many of them! (For more details see newsletter: Fraud and lies, check out the blog posts on lawsuits & Zero tolerance for bullying.

Much has been made about the increase in reserves, what the president and the CEO have failed to disclose--the monthly $30,000 deposit to the reserve account has not been made since April 2019. They haven’t explained why. Nor have they explained what happened to the $60,000 allocated to purchase equipment but was not used for that. Instead the president allowed the CEO to write a personal check for the equipment. This is not an act of generosity, it is fraud. Where is the money? (Click to view the blog post and discussion regarding the $60K allocation and the $50K unlawful unauthorized "loan".)

The CEO has refused to use a corporate credit card, which makes you wonder why? And the board has allowed him to mix his personal finances with club expenses. There have been over $140,000 in reimbursements to the CEO and others for expenses! What kind of financial management is this? Our HOA money is mismanaged by a financially illiterate board president and CEO. We are all paying for their ignorance and malfeasance.

Vote YES to Recall the entire board and elect directors who adhere to financial principals and abide by the law.

Vote for Michael Allan, Harriet Cohen and Hal Siegel for a financially literate and fiscally responsible board !