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2/11/2023 8:51:15 PM
 
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Section 5: OPA Board Subject: Too Much Money Msg# 1182201
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Amy:
For clarity sake, should all of our amenities suffer a rash of horrible weather causing huge losses it wouldn’t have any impact on our reserves. Stockpiling money in reserves that we couldn’t possibly spend over two years is a not proper. Marty |
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For reference, the above message is a reply to a message where: Not political to listen to the GM & financial experts. Yes, the board did vote to lower assessments last year AND increase money for drainage and raise reserves. The B & F committee believes our reserves need to be raised even higher and I agree with that approach, especially when it comes to roads. The budget is optimistic in regards to weather. OPA lost over $60,000 with one storm at the yacht club the last weekend open....just imagine a washout July. When reserves are up to the 35-40% mark as recommended, there are no emergency repairs and the surplus is actually realized, reduce the assessment. |
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OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhpuse
6/28/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
7/26/2025 - 9:00 A.M. |
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Annual Meeting - Assateague Room
8/9/2025 - 9:00 A.M. |