Governance - Rancho Santa Fe Post

This morning I woke up in a cold sweat with a head-pulsing plus-ca-change, deja-vu hangover. I…

Does the RSFA Need the DOGE Treatment?

Nine-point-four million dollars for a restaurant remodel that we were told would be $2-3 million when they began talking about it? Seems like our Board is acting like typical politicians and has gotten really good at spending our money lavishly. Perhaps we can get Elon to send in his DOGE team and cut the estimated $1.3M in furniture in half? Get rid of some unnecessary frills, like $78k for Branding & Signage? We should be allowed to vote on this huge expenditure, as the HOA will be encumbered by this for years (note in the bank agreement it says “no future debt over $100k without bank consent”, so we are handcuffed). Note the assumption of 6% annual increase in assessments for the next decade. What if we have another market downturn and assessments stay flat? Then how will they cover this? Very troubling but they will likely vote for it knowing when the bills come due the current board will be long gone and no one will be held accountable, just like the PPP loan debacle. – Agent 86

Category: Governance

Life On the Ranch: Money, Politics and a Whole Lot of Dirt