Monthly Archives: January 2015

The Board of Directors Again Tries to Limit Resident Input

The Board has moved both the time of the monthly meeting and the location. The next Board meeting is Tuesday, January 27 at 1 p.m. at the Firehouse on Rancho Viejo Boulevard.

The Board’s intent is clear — to limit the number of residents who can attend by making it nearly impossible for anyone who works a regular job to be there. Also on the agenda is a motion to change the meetings from bi-monthly to quarterly. If they find monthly or bi-monthly meetings too onerous, they should not be on the Board.

This change is serious as it means that both minutes and financial documents will be available with a three month lapse because they need to be approved by the Board. On a national level, HOAs with issues of fraud or embezzlement are most likely to have quarterly meetings rather than monthly meetings, which we had until July 2014. Embezzlement by HOAs, either managers or Board members, is one of the fastest growing crimes in our country. Take a look at some of the stories in the links below.
Unfortunately, these cases are usually not uncovered until years after the crimes started, resulting in huge financial losses. And it is one of the easiest crimes to get way with because of resident apathy.

I don’t know about you, but I would prefer to not let that happen here in Rancho Viejo South. The only thing that can stop it is an active resident community that does not let itself be dictated to by a Board that wants to act in secret without resident input, and does not represent the best interests of residents. We are particularly vulnerable in that our Board is backed by an attorney who will do whatever they ask, often in violation of bylaws, because she is receiving about four times the amount of money in legal fees as are budgeted. This is a financial bonanza for her. You probably don’t know this because the Board refused to make the 2014 expenditures available to residents at the annual meeting, even though Carol Thompson promised to do so at the September Board meeting.

The Board is also backed by HOAMCO, a management company that is supposed to represent the interests of residents who pay their salaries, not just a seven member Board. The president of HOAMCO, Justin Scott, publicly said at the annual meeting that the interests on RVS residents are not important to him, he listens only to the Board.

Those of you who can, please attend the Board meeting next Tuesday at 1 p.m. at the Fire House on Rancho Viejo Boulevard. Ask your neighbors to attend. Voice your opposition to the meetings being changed to quarterly. Otherwise, things will get worse than they already are and in a few years we may see RVS listed on a website that reports HOA financial malfeasance. And if you think the laws of NM will protect us, you are wrong. We are on our own.