Fairfield Harbour Property Owners Reform Team
myfhport@yahoo.com

 

nka2

 

 


 

 


FHPORT will stand up to make sure the property
owners who do not want to pay for the amenities have some representation at any members meeting to be
held by the FHPOA.
 

 


 

Received from a very reliable source........

 

To: {Name Withheld},


I would like to update you on our situation here in Lake Land'Or (Caroline County, VA). It is with great pleasure that I tell you that Ms. Van Horn has tendered her resignation. I have no doubt it is because she was about to be caught with her hand in the proverbial "cookie jar".


During her 4 month employment with our association, many of us had been watching her and waiting for her previous shenanigans to start surfacing. It didn't take long. Unfortunately she and our current board of directors has outsourced all finances to CAS, moved our money out of our local bank to banks in about 5 states. She fired 4 employees during her second week with us. She has managed to nearly outsource all lawn maintenance and snow removal. She even went so far as to try and make 2 of us sign confidentiality statements in order to have access to financial information, which as you know, we are absolutely entitled to see. She has used rules and regs against homeowners and brought them to our compliance and hearing committee ( your adjudicatory committee) but failed to make anything stick. She and many of our current admin staff are rude to residents and completely out of line.


The straw that may have broken her was that she gave her "son in law", Hayden Whitfield, the POAs credit card to purchase 4 police scanners. He actually signed the credit card receipt. ( unauthorized signature). The scanners were placed in 2 of our guard shacks, one in her office, and the fourth more expensive scanner, was in her home. She also uses the head of our security as her personal bodyguard due to her "stalker" problem. No board member was aware of the purchase. Sadly, none of the scanners even work here in our rural community due to a recent upgrade in the fire, rescue, EMT system. So basically, the $1600.00 scanners are paper weights.

Thank you again for talking with me and giving me some heads up about Ms. Van Horn. I suspect she may be returning to North Carolina in the near future so keep your eyes and ears open!

[Name Withheld}

 


 

The Simple Facts.....

 

  • The Board has reversed itself. It has decided to use the 151 votes it got from foreclosures to vote YES on the Mid South properties. That change was made about 2 weeks ago. Our guess is that they will use it, only if it means the difference between winning and losing.

  • 25% of the property owners are now making monthly dues payments to the POA.

  • Craven County currently has the Mid South properties assessed at about $2M. Yet, the board has a deal with Mid South for $2.75M that will ultimately cost the members over $5M. The Board's view is that Craven County assessed value has nothing to do with the sales price. Maybe, but then why have they not gone out and asked for their own appraisal?

  • The true cost to us for the $2.75M sales price will be more that $5M depending on the interest rate the POA negotiates with the loan company:

    • It would be about $5M @ 6% - principle & interest for life of a 10 yr loan. 
    • and about $7M @ 12% - principle & interest for life of a 10 year loan.
    • The higher the interest rate and the longer the loan term - the more it will cost!

 

Ask yourself these questions.....

  • Without an independent appraisal, do you really think that the POA should purchase for $5M+ (depending of interest and term) the Mid South properties currently assessed at about $2M by Craven County?
  • Are you willing to pay the rehab costs for the Shoreline Clubhouse and pool, and all the additional taxes and insurance costs that will surely be covered by the POA maintenance unbrella? It will likely add hundreds of dollars to your annual dues bill.

  • Are you willing to incur the addition legal bills that will surely occur after the POA breaks there promises to pay all this with Non-Dues income?

  • Are you willing to accept the dues increase for maintenance of the Mid South property that has already been announced at just $100? That number is a estimate and is likely not based on reality.

  • Are you willing to accept that this Mid South purchase news was not available before we elected new board members. It's just all to convenient!

  • Is this the only way to get this vote passed? Cram it down everyone's throat in less than 3 weeks. If this was really something that most members would want, we could do a paper vote for all the membership. The POA knows that to win -  that this is not possible. And so they have to find a different way around the legal issues.

 

 

Call your POA Board of directors and it's president! Save Fairfield Harbour from a few determined people willing to do anything to get what they want at the expense of all our neighbors!

POA Office 252 633-5500

 

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