I have always understood that a designated reserve I.E. Roof Reserve, Could only be used for whatever it is designated for ONLY.
I strongly OBJECT to the Roof Reserve of $800,000 over for WPRF Clubhouse being taken to pay for the "shortfall" from the reserves already being taken to pay for WPRF's HVAC project. Just so you know, What we have in the Roof Reserve will not cover the over $900,000 needed to cover what IS needed to be in the Reserve. We already have a "shortfall", and they want to take from a DESIGNATED RESERVE to cover another ""SHORTFALL".
I would think that it should go before the delegates and have it be understood that IF a hurricane should hit this or next year, that would means getting another "Special assessment" (another because we will most likely get one of $72 or more because of the Shortfall).
I would urge you to call your Sector Vice President and tell them your dissatisfaction with this.
the number for the UCO office is 561-683-9189.
Vice Presidents are:
Dom Garnagia, Fausto Fabbro, Patricia Caputo and Stuart Richland.
WE'VE BEEN LUCKY SO FAR THIS YEAR... THINGS CAN QUICKLY CHANGE!!!
