Following is the 6th statement made in the HOA BOD 8 Feb 2011 email:
· 50-50 and Concessions Funds Were Used to Improve Post-Turnover Lake Ashton
REPLY -
o By Law, Concession funds are a part of Bingo proceeds and should be treated as such
o 50-50 funds are illegal but when run under the auspices of the HOA, then such funds belong to the LA Residents, where the HOA should then give such monies to the CDD who is responsible for facilities and maintenance issues for Lake Ashton.
o 11 January 2011, Dan Perry, the HOA attorney, in front of 12 witnesses, proclaimed that he worked for the HOA BOD only and did not represent the LA Residents. IF this is true and not just another issue Mr. Perry is confused about, then the HOA BOD should personally pay Mr. Perry's his fees.
RC Ralls
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