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3/13/2025 12:32:38 PM
 
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Section 5: OPA Board Subject: Bulkhead Rates Msg# 1222164
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| Sorry if I started a thread drift. My opinion is that OPA has been accumulating recent years' operating income excess in its Cash & Investments position (mostly CDs) in anticipation of having to share in what looks to be a $5-6 million new firehouse. OPA will likely have to pony up $3 million toward construction cost. The referendum will pass and OPA does not need to increase assessments to cover the $3 million. | ||||||
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For reference, the above message is a reply to a message where: Ken: You have just put your finger on the underlying issue. Talk about the cart before the horse, wouldn’t you think we would have the required referendum vote first before we collect the money? I think that is called a “slush fund”? The upcoming fiscal year budget does not include funding based on approval of a referendum for a new firehouse - to the best of my knowledge. I believe Ken was just talking in generalities, not specifics with regard to any additional assessment increase, assuming the FD referendum is approved. I suspect it will be approved by an overwhelming vote. |
| Calendar |
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. |