![]() ![]() Section 5: OPA Board Subject: Another $1 Million Profit Msg# 1225909
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“how much, if any, of this borrowed reserve will have to be paid back through member assessments over the next couple of years.”
Ken, with all due respect, it’s all our assessment dollars. Marty |
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For reference, the above message is a reply to a message where: Marty, Let me attempt to clarify. I read the motion that was in the Board packet posted online for one purpose and that was to get Board approval to move $1 million from retained earnings to general replacement reserves to be used to pay for a portion of OPA's share of the cost of the southside station. The additional language in the resolution, "up to $2.9 million plus 10% contingency" was not meant to be a Board-approved selling point in the referendum to be mailed to OPA members. To your specific question of why it was pulled, no one said. The GM did say that his recommendation is to pay for OPA's share of the total cost of the station by borrowing out of current general replacement reserves. He further stated that the results of the DMA study (expected in Sept/Oct) will determine how much, if any, of this borrowed reserve will have to be paid back through member assessments over the next couple of years. |
Calendar |
![]() 6/28/2025 - 9:00 A.M. |
![]() 7/26/2025 - 9:00 A.M. |
![]() 8/9/2025 - 9:00 A.M. |