brokenwave
Guest
Here is an update on the long overdue water and sewer improvements in Cholla.
Sounds like, they took the money and Don't hold your breath.
Has anyone noticed any construction activity on the Esmerelda happening?
This is quoted from the April Cholla HOA meeting minutes.
Quote"Mr. Dugan gave a brief history of the contract the HOA had with SBR. Under the Master Deed of Trust there was a property called Fraction 3 that was to be set aside as collateral for a loan in order to complete the infrastructure for Cholla. When the recession hit, there was no bank that would lend money for the loan. Somewhere around 2008, President of the HOA, Bucky Maud entered an agreement with Reyal Taylor (then the Vice President of SBR) to use the profits from the sale of Esmerelda condo units, to finish the infrastructure in Cholla. Two months ago the Esmerelda was sold. Mr. Dugan contacted the Company and asked when the water and sewer project to Cholla would be started. He was told the profits from the sale went to pay off other Company’s obligations and that the property, Fraction 3 had already been released by the Government. Mr. Dugan then asked for a copy of the release to present this information to the Homeowners. He told SBR that if a copy cannot be produced then the property is still being held for completion of the infrastructure. He then suggested that if there is any activity on the property, an embargo should be filed by the HOA before anything is done, to ensure that the Community gets what it’s entitled to. As of now no copy has been provided."
Sounds like, they took the money and Don't hold your breath.
Has anyone noticed any construction activity on the Esmerelda happening?
This is quoted from the April Cholla HOA meeting minutes.
Quote"Mr. Dugan gave a brief history of the contract the HOA had with SBR. Under the Master Deed of Trust there was a property called Fraction 3 that was to be set aside as collateral for a loan in order to complete the infrastructure for Cholla. When the recession hit, there was no bank that would lend money for the loan. Somewhere around 2008, President of the HOA, Bucky Maud entered an agreement with Reyal Taylor (then the Vice President of SBR) to use the profits from the sale of Esmerelda condo units, to finish the infrastructure in Cholla. Two months ago the Esmerelda was sold. Mr. Dugan contacted the Company and asked when the water and sewer project to Cholla would be started. He was told the profits from the sale went to pay off other Company’s obligations and that the property, Fraction 3 had already been released by the Government. Mr. Dugan then asked for a copy of the release to present this information to the Homeowners. He told SBR that if a copy cannot be produced then the property is still being held for completion of the infrastructure. He then suggested that if there is any activity on the property, an embargo should be filed by the HOA before anything is done, to ensure that the Community gets what it’s entitled to. As of now no copy has been provided."