Notes from Oct 14 Meeting

Ashley took the following notes at the Oct 14th meeting:

HOA Meeting 10/14/09

1) Jim obtained CCR’s for Phase 2 & 3 with state
a) 402 homes total for those phases which is same as orig. CCR’s
b) Single story homes will be 1700 sq feet minimum for Phase 2
c) 2-story homes will be 1900 sq feet minimum for Phase 2
d) 1200 sq foot minimum for Phase 3
e) No stone work required
f) Allows vinyl siding

2) Unpaid Utilities in common areas due to overdue bills
a) Water has been shut off
b) Phone has been turned off to the front gate

3) From McGravick Graves law firm Joe Zehnder tells us:
a) HOA is tied up in this Mastro bankruptcy
b) Michael Mastro has total control of the HOA
c) Banks who have liens on Mastro property will take it back in the Bankruptcy
d) Mastro intends to turn over all property and they will be foreclosed
e) There are no record of HOA, budget, financial reports since 2003
f) Jim estimated that nearly $300,000 has been paid to Mastro for our HOA
g) Washington Trust is the only bank involved in Grand Firs Property


4) Joe’s suggestion for action if we hire him
a) Contact banks
b) Talk to Mastro bankruptcy council
c) Once the property is turned over to the banks get the banks to turn over the HOA to home owners
d) Resend amendment to Phase 2 & 3 to change CCR to larger sq ft homes among other issues
e) Once we have control of HOA then ask courts for financial documents

Ashley, thank you so much for taking these great notes, and for sharing them with the neighborhood.