Posts by Michael Connolly
IDR Request Presented to OVA Board
During Open Forum at the February 19 OVA Board meeting a request was made by Phillip Herzog to initiate the Internal Dispute Resolution process. “I believe the Board’s action in Executive Session to pay up to $20,000 to clean some drainage areas on the golf course to the benefit of the golf club and to…
Read MoreOGC To Be Sold
The Oakmont Golf Courses will be put on the market for sale, as revealed at today’s OVA Finance Committee meeting. Oakmont Golf Club (OGC) member Alan McLintock informed the Finance Committee that the issue had been discussed at last night’s OGC Annual Meeting. The OGC will engage real estate broker Marcus & Millichap, a firm…
Read MoreLong on Money, Short on Facts
Although the OVA Board has expressed an interest for several months in allocating OVA funds to the OGC for unspecified drainage and flooding concerns, the first sign of concrete action on this issue was displayed in the Board’s Executive Meeting Minutes from 12/18/18: “The Board approved the offer to reimburse OGC $20,000 to drain three occluded…
Read MoreOverview of the OVA Budget and Dues
With OVA member dues rising to $75 starting this month, now may be as good a time as any to explore where this money goes. The 2019 budget was mailed to OVA members in late November. Total budgeted operating expenses have risen by just under 10% with the largest increases being for payroll expenses (more…
Read MoreOVA Struggles to Control Escalating ERC Costs
At the November 13 OVA board meeting the membership was given an update on the ERC construction project. Two weeks prior to the meeting it had been announced that additional costs of $413,975 by a change order were being added to the budget. Then at the board meeting this amount was supplemented by an additional…
Read MoreFootnotes
Change order: A change order is work that is added to or deleted from the original scope of work of a contract, which alters the original contract amount and/or completion date. Contingency Funds: A construction contingency as it relates to a building project is a percentage of the contract value (usually 10-15%) set aside for…
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