In case anyone is interested, we thought we'd start posting some of the latest articles relating to the Mastro bankruptcy. Click here for an article regarding Mastro's alleged transfer of assets.
And here's another article about our favorite developer. An investor is now accusing Mastro of forging his signature.
Wednesday, November 18, 2009
Tuesday, November 10, 2009
Moving Forward
The following email came from Mark tonight, who asked that we put this info on the blog:
"Just wanted to let everyone know that as of tonight almost 70% of the homeowners that have paid the special assessment and have agreed to join our fight to save our neighborhood. We are not done trying to improve on that total either."
As always, we'll do our best to keep the blog updated with information as we receive it.
"Just wanted to let everyone know that as of tonight almost 70% of the homeowners that have paid the special assessment and have agreed to join our fight to save our neighborhood. We are not done trying to improve on that total either."
As always, we'll do our best to keep the blog updated with information as we receive it.
Wednesday, November 4, 2009
We Are Failing In Our Votes
Received the following information from Jim E:
THE COURT WILL NOT RECOGNIZE OUR REQUEST if we do not have at least a 2/3 vote (67%) of the homeowners supporting our objectives as required per our CCRs. We would prefer to have 100% - 65 homeowners.
Committed: 29 homeowners (45%)
Two Thirds Percent: 45 homeowners – SHORT 16 HOMEOWNERS
Eighty Percent: 52 homeowners – SHORT 23 HOMEOWNERS
NEED 36 HOMEOWNERS FOR 100%
THE COURT WILL NOT RECOGNIZE OUR REQUEST if we do not have at least a 2/3 vote (67%) of the homeowners supporting our objectives as required per our CCRs. We would prefer to have 100% - 65 homeowners.
Committed: 29 homeowners (45%)
Two Thirds Percent: 45 homeowners – SHORT 16 HOMEOWNERS
Eighty Percent: 52 homeowners – SHORT 23 HOMEOWNERS
NEED 36 HOMEOWNERS FOR 100%
Tuesday, November 3, 2009
Guest Post
The following is a post written by our neighbor Jim Ehnborn:
Phase 2
I heard today from a reliable source today that Sterling is planning to build smaller homes in Phase 2 under the Afford A Home company. They will be a lower quality home than the Sterling line. Presently they are starting at about 1400 sq ft. They started the business building starter homes under the Afford A Home company and then formed the Sterling line. They are going back to the basics.
Phase 1
I also heard from a reliable source today that Horizon Bank has a builder ready to break ground by the end of November on the remaining Pacific Coast lots in Phase 1. It is hard for me to believe that Mastro has not already changed the CCRs for Phase 1 to allow 1200 sq ft homes. He just hasn’t recorded the document with Pierce County.
We need to get the injunction issued to immediately stop this type of construction in Phase 1 and 2. Let them build the homes in Phase 3.
We have a real deadline for raising the money. We will need to have a higher percentage of homeowners showing an interest in saving our community. The 45% participation won't work. We can’t consider going to court with less than 80%. Either we believe in and support the cause or we don’t.
Phase 2
I heard today from a reliable source today that Sterling is planning to build smaller homes in Phase 2 under the Afford A Home company. They will be a lower quality home than the Sterling line. Presently they are starting at about 1400 sq ft. They started the business building starter homes under the Afford A Home company and then formed the Sterling line. They are going back to the basics.
Phase 1
I also heard from a reliable source today that Horizon Bank has a builder ready to break ground by the end of November on the remaining Pacific Coast lots in Phase 1. It is hard for me to believe that Mastro has not already changed the CCRs for Phase 1 to allow 1200 sq ft homes. He just hasn’t recorded the document with Pierce County.
We need to get the injunction issued to immediately stop this type of construction in Phase 1 and 2. Let them build the homes in Phase 3.
We have a real deadline for raising the money. We will need to have a higher percentage of homeowners showing an interest in saving our community. The 45% participation won't work. We can’t consider going to court with less than 80%. Either we believe in and support the cause or we don’t.
Notary?
**UPDATE** A notary has been found. Thanks everyone.
(Original post)
We are looking for a notary living Grand Firs who would be willing to notorize some documents. Please contact Jim Ehnborn or grandfirs@hotmail.com if you can help.
Also, Jim is continuing to collect checks for the legal fund. Even though we have passed the initial Nov 2 deadline, we are going to continue building the fund and begin filing paperwork. So far there has been no opposition, so there is no reason to quit. If needed, Jim will accept post-dated checks and hold onto them.
Several neighbors have been granted access to the private blog (see post below). If you'd like access, create your Google account, email the blog, and we'll send you the invitation link. We'll do our best to update that blog as information becomes available.
(Original post)
We are looking for a notary living Grand Firs who would be willing to notorize some documents. Please contact Jim Ehnborn or grandfirs@hotmail.com if you can help.
Also, Jim is continuing to collect checks for the legal fund. Even though we have passed the initial Nov 2 deadline, we are going to continue building the fund and begin filing paperwork. So far there has been no opposition, so there is no reason to quit. If needed, Jim will accept post-dated checks and hold onto them.
Several neighbors have been granted access to the private blog (see post below). If you'd like access, create your Google account, email the blog, and we'll send you the invitation link. We'll do our best to update that blog as information becomes available.
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