Let’s put the timeline straight.
- February: A mysterious “legal retainer” shows up in the financials for $25,000+. It just sits there. Never touched. Never explained.
- March: The corporation’s BMO account goes into overdraft.
- April: That overdraft balloons to $104,000.
- May: The meeting minutes finally mention that “a special assessment may be needed.”
At this point, the need for a special assessment was – or should have been-glaringly obvious months earlier, as far back as March.
And yet, at the owner-requisitioned meeting, in June, the Board knew about this looming financial cliff and showed no interest in exploring solutions to ease the burden on owners.
Instead, they slid through a 16% fee increase without disclosing the reality: a special assessment was coming. That’s not financial stewardship. That’s stalling.
👉 Why it matters:
- A 16% fee increase without warning of a special assessment is irresponsible.
- The May minutes prove the Board knew one was likely, yet failed to be transparent.
- Hiding the “total picture” while ratcheting up pressure slowly is disrespectful and dishonest.
- This isn’t just bad accounting – it’s politics with owners’ money.
The truth is simple: if the Board had been upfront in March, owners could have demanded real solutions. Instead, we were kept in the dark until the financial bomb went off.
đźš© Dishonesty & Evasion
This isn’t just incompetence – it’s deliberate concealment:
- They hid the reality of our financial state until it was too late to act.
- They shut down questions about financials at meetings.
- They cherry-pick information in newsletters, giving us PR spin instead of facts.
When we requested transparency, they responded with stonewalling and secrecy. And when we tried to talk about these financials? They shut us down.
🗳️ Help Us Remove an Incompetent, Dishonest Board
If you’ve ever wondered why our fees keep skyrocketing, why we’re being slapped with special assessments, or why basic services are being cut while hundreds of thousands vanish into legal bills – the answer is simple:
This Board cannot be trusted to manage our money, our property, or our future.