by Tom Blakeman, September 14, 2019
Dear Board Members:
I realize that you are now likely overwhelmed by your latest decision to terminate a board member. Good luck with that.
Meanwhile, you have a project to consider and decide on. Please take time to read the attached in that regard.
Thank you,
Tom Blakeman
The Balboa Project – Tom Blakeman
The-Balboa-Projectby Tom Blakeman, September 14, 2019
Susan Cox
09/14/2019 — 12:38 pm
I like the line about immediate crisis need arises. Yep, then what…no money available for a disaster. So very scary.
Very good analogy, thanks, Tom.
Anonymous
09/14/2019 — 12:45 pm
This is well written and brings up many issues that a normal relationship of competent board and executives would and should consider. Ray Duke
Cheri
09/14/2019 — 1:14 pm
Thank You Tom for presenting a clear and concise description of what we know and what we still need to learn and discuss. I pray that the remaining board members will take this to heart and delay the entire project until we are in a more financially sound position.
Mike Fleming
09/14/2019 — 1:33 pm
Respectfully appreciate the work you do Tom
Jayne
09/14/2019 — 1:50 pm
Tom, Thank you for all your work on this!!!
Ann
09/14/2019 — 2:24 pm
I’ve contacted by e-mail and followup phone calls to all Little Rock TV stations. None have said yes we will be at Board Meeting. Only we are one of several possible. HOWEVER since the firing of Dick Garrison we need a bombardment of e-mails and phone calls. One can’t do it but many can. Below is all info on the stations.
KARK..NBC…501-340-4444
http://www.news4@kark.com
This will also be seen by KLRT Fox 16
(Same news room)
KATV ..ABC..501-324-7777
http://www.newsroom@katv.com
7 on your side: http://www.sos@katv.com
KTHV..CBS..501-376-1111
http://www.news@thv11.com
Lets do it Village…this craziness has to end!
Anonymously
09/14/2019 — 8:22 pm
http://arktimes.com/submit-a-tip
AndyK
09/15/2019 — 9:26 am
Hasn’t anyone on the board ever heard of a business process called “Cost-Benefit Analysis”?
The analysis is created by identifying the value of all benefits of an action, as well as the associated costs. Then divide the value of the benefits by the total cost. The result is the BCR (Benefit to Cost Ratio). If it is greater than 1, then the benefits justify the costs. If less than 1 the projects will not pay off and should be abandoned.
The trick is to identify the value of the perceived benefits. In the case of the balboa project that is especially hard since we have not heard mention of any tangible benefits at all!
The HSV budgeting process is beyond incompetent, it verges on fraudulent given that the BoD has a fiduciary duty to the membership!!!
Merlyn Neel
09/15/2019 — 11:49 am
During the new board members orientation, I noticed that they were instructed to use rules that HOA Associations use. We are a POA Association. Aren’t they two different things and why is our Board obligated to be “obedient “ to the Association? We are classified as a nonprofit corporation because the IRS needed a “category “ enabling us to render taxes.
At the orientation of the board under the heading “HSV corporate BOD responsibilities “ is a listing of the responsibilities of a director and the number one responsibility was to Property Owners and number two was to residents and number three is to Businesses in our Community.
If this is to be followed then the number one responsibility for a board member is to the property owner not to any corporation.