Dear Neighbors,

I've just found out, that over the past months, the BOD has secretly met with Stratus and HEB about track 103. They've made agreements, arrangements and personal deals with Stratus that are not in the best interest of the membership. They have breached their Fiduciary Duty.

For some time, they promised never to let a fast food restaurant in or around Circle C. They have just recently agreed to a fast food restaurant on track 103. Also, even after being asked by numerous members, the BOD has chosen NOT to meet with the members, NOT to share details, NOT to ask the membership what we think about our options. Other community HOA's are meeting with their membership about this important commercial development. Why not our HOA?

One of the deals that I've just found out about happened only a couple of weeks ago. County Courthouse records show on October 27, 2003, a transaction between CCHOA board director Jim O'Reilly and Circle C Land Corp took place. Circle C Land Corp is a subsidiary of Stratus.

A commercially zoned acre of land, located on MO-PAC Expressway South, between LaCross and HWY 45, is now owned by James Michael O'Reilly and Susan T. O'Reilly. The amount of the transaction for the commercial acre on Mo-Pac is recorded as $20.00 (Twenty Dollars). The transaction between the board member and Stratus was not disclosed to the members of the CCHOA.

The timing is surreal and this personal transaction of Jim O'Reilly's is an insult to every member of the CCHOA.

FIDUCIARY DUTY - An obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders, a trustee has a fiduciary duty to the trust's beneficiaries, and an attorney has a fiduciary duty to a client.

Your Neighbor,
Salvatore Costello
10300 Dalea Vista Ct
288-9991

O'Reilly follows Bartlett

O'Reilly following in Bartlett's footsteps

The Texas Secretary of State shows James O'Reilly as Officer & Director of a new company called Wildflower Realty, LLC as of July 2003.

fast food

Sal, the announcement of a fast food business in CC is not recent. It was announced during the series of Stratus meeings with CC several years ago. Personally, I think it will a blight on the whole area if it happens. What fool would build such a lovely area and then trash it with a burger joint?

Fast Food

The CCHOA has been against having fast food here in Circle C for years. There are CCHOA documents that declares this position. The BOD has chosen not to hold a community meeting with Stratus/HEB & Circle C residents, as other HOA's have been doing for months. For those who say we have time, the zoning process begins in DECEMBER!

We need a community meeting on the details of track 103. It's the first major commercial development for our community. It's important, since its at our front door.

Instead, our president has spent his time cutting a deal with Stratus to buy some land, for himself, on Mopac. This transaction took place one month ago.


A lack of Leadership.

A lack of Ethics.
Fiduciary responsibilities on Holiday.