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(Town
Hall continued from page 3)
Much internal
discussion, requests and comments from homeowners, concerns about
opposition to include the support for a wall improvement were
considered. The BOD believes money or cost is the main reason
individuals may oppose this initiative. Which is why the board
approved a less aggressive revenue building plan, a $175 increase
this year with gradual increases over as many as eight years.
It was announced from the floor the amortization period was too long
and suggested it should be done in about two years. Another
homeowner suggested we use a monthly payment plan starting in 2005 to
collect the required funds.
Both ideas
were accepted by the members in attendance of the December
meeting. The board took the ideas as an action item to develop
the framework for the proposals. The ideas from floor bring the
wall improvement to a short to medium term goal. There were
questions such as, are there any other financing alternatives and how
was the cost obtained. Financing was not considered because of
past exploration results. And CHOA has obtained several
contractor bids over the years.
The meeting
was adjourned after a report of the streetlight not working on the
corner of Congressional and Legend Rock, that has been reported to CPS.
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