Friday, September 20, 2019

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Oakmont News, Opinion & More

Posts Tagged ‘Board Votes’

Long 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…

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Why OVA Membership Votes Make Sense

In reality there is no way of knowing what newer residents want. Just because some new residents put a great deal of money into remodeling their homes doesn’t mean that they want an expanded Berger Center, subsidies for the OGC. or higher dues. They may have chosen to live in Oakmont because of the beautiful…

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Overview 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…

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New OGC Committee: An Opportunity for a Balanced Approach

According to “A Resolution to Establish an Ad-Hoc Oakmont Golf Club Committee” to be taken up by the Board of Directors tomorrow, December 18: “Whereas individuals from the BOD and the committees have expressed interest in working together as a chartered Ad-Hoc committee (initially including, but not limited to: Tom Kendrick (BOD), Carolyn Bettencourt (BOD),…

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OVA 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…

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$1.6 Million Loan Approved for ERC Remodel

A loan in the amount of $1.6 million for the ERC remodel was approved unanimously by the Board of Directors at Tuesday’s business meeting.   Just two years ago the estimate for this remodel was in the range of $700,000 and was carried as such in the contemporaneous Reserve Study.  Now that costs have ballooned to…

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