Effective today, September 17, 2020, in a Board Executive Session, a decision was made to replace Corporate Secretary and Treasurer positions with HSVPOA staff.
Wayne Foltz will no longer serve in the position of Corporate Treasurer for the HSVPOA. The Corporate Treasurer also serves as Chair of the Finance and Planning Committee.
Wayne had only served in the position for a few months, replacing Dan Aylward after Dan resigned due to not being hired as General Manager. When Wayne was contacted for a statement he responded with, “no comment.”
Effective yesterday evening, HSVPOA Corporate Board Secretary and Parliamentarian, Marcy G. Mermel resigned from her position.
Yesterday morning (September 16) at the Board Meeting, Chair Sherman proposed that the Board abolish the use of Roberts’ Rules of Order in favor of using the more simplified Democratic Rules of Order. Making this change would eliminate the need for a Parliamentarian.
Recently Marcy’s mother passed away. She has been in Chicago at her mother’s deathbed and then subsequently handling her mother’s estate. Because of this, she has not been able to attend board meetings or attend to her corporate secretary duties for the POA since August 20.
While in Chicago, she also visited her doctor and learned she needs to have eye surgery. Upon further review of Marcy’s medical records, the doctor determined that the surgery will be more complicated than originally anticipated.
Here is a copy of the resignation email Marcy sent to the board members and also to the Hot Springs Village Voice, KVRE, and Hot Springs Village People
From: Marcy Mermel
Sent: Wednesday, September 16, 2020 7:26 PM
To: Board Members
“It is with much sadness that I am sending you this correspondence.
“I learned today that my Surgeries went through final review and were elevated to a level of “perplexity” (I think that means more than average complications) that they need to be spread out farther in-between than originally anticipated.
“That said, it is virtually impossible to carry out my duties as Corporate Secretary if we don’t know when I will be back in Arkansas – which is unfair to you all as well as the employees that count on my periodic signature and assistance.
“Please accept this as my formal resignation from both the Corporate Secretary and Parliamentarian positions originally entrusted to me – it has been an honor to be a part of this historical year.
“Take care and be safe.”
Statement from Chair Sherman
The POA sent out an eblast announcement today regarding this board action. (eblast is below) I contacted Chair Sherman for a statement. This is what Lloyd said:
We regret that Marcy has been plagued by medical issues, but we are thankful that during the POA reorganization process, these resources became available for the Board to be able to leverage their skills and knowledge. A huge thank you to both Marcy Mermel and Wayne Foltz for the countless hours they have given to make HSV POA the best it can be.
Lloyd Sherman, Chair of the HSVPOA BOD
Eblast announcement
The position of Corporate Secretary will be filled by Executive Assistant, Ella Scotty. Controller, Coreena Fetterhoff will assume the position of Corporate Treasurer. Both staff members will perform the ex officio officer tasks in addition to their regular job duties.
Resignations/Eliminations in the POA Staff and Board
There have been a number of changes in staff and board in 2020. So far since April 2020 the resignations have been:
Staff
- Liz Mathis, Chief Financial Officer – resigned
- Shanee Cooper, Director of HR – resigned
- Renee Haugen, Director of Land – resigned
- CEO – position eliminated and replaced by Interim GM John Paul who was replaced by new GM Charles King
- Magdy Hussein, Director of Food & Beverage is scheduled to retire soon
Board Members (Directors and ex officio officers) gone
- Dan Aylward, Corporate Treasurer
- Nancy Luehring, Board Director
- Tormey Campagna, Board Director
- Chuck Alvord, Board Director
- Diana Podawiltz, Board Chair
- Marcy G. Mermel, Corporate Secretary
- Wayne Foltz, Corporate Treasurer
HSVPOA staff and board are going through some growing pains with many changes.
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By Cheryl Dowden, September 17, 2020
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Walter
09/17/2020 — 4:31 pm
We wish Marcy well and thank Wayne for his service.
Laurie Green
09/17/2020 — 7:25 pm
The best wishes to both from a couple of greatful POA members, job well done, thank you!
Dee Dixon
09/17/2020 — 10:39 pm
Nicely written. Thank you.
Diana Podawiltz
09/18/2020 — 11:54 am
The removal of Wayne Foltz as Corporate Treasurer is a very regressive and short sighted move. Our Bylaws dictate that the Board of Directors has the ultimate responsibility for Village finances. This is why it was very important to use a non staff member in this position. Now there’s a big gap in the checks and balances. Who will serve on the Board audit committee? Lloyd is the only director with an understanding of financial documents. When will we correct previous accounting misstaements regarding amortization of leasehold improvements and unrecovered electrical costs? Who will hire the Audit firm – staff?
We’ve gone back to “just let staff take care of it”. This is the desire of your board. The only differences between now & a year ago are:
1). No perpetual one-sided contract for top employee
2) No CMP
3) Elimination of onerous protective covenants . However, that has a giant caveat. Tucker promised the ACC would QUICKLY add back some of the very necessary items. I.E. Derelict vehicles (being drafted by Staff), Geothermal systems in our lakes, outdoor lighting. I guess our current “lean” protective covenants make it possible to forgo landscaping on commercial property as Director Omohundro has done on his property on Ponce and Terlingua. An area referred to as the “Adult Day Care”. In my opinion, it’s an eyesore; no comparison to the landscaping at Village Storage. Also sets a bad precedent for the storage units which are going to be built on DeSoto Blvd & near the Balboa gate.
John
09/23/2020 — 9:05 pm
I don’t know but it looks like complacency has reared it’s ugly head again. I think we started out with a lot of hope but I see clouds on the horizon. I hope for the best but we all need to prepare for the worst.
Phil Lemler
09/24/2020 — 8:38 am
Good points John!