Circle C Homeowners have been paying office equipment lease & supplies for the Developer's office for all these years.

Year 2002 - $6,015
Year 2001 - $7,954
Year 2000 - $7,143
Year 1999 - $7,835

May 28, 2003 I paid a visit to 5919 La Crosse, Suite 100 & 200. I took several pictures of each piece of equipment and copied down the model and serial numbers. I wanted to find out why this kind of cheap, old equipment could cost us several thousand dollars a year in lease fees.

My visit was not welcomed by Susan Hoover and Denise Nordstrom. They told me that this was not CCHOA property and that I should leave. Denise told me that those equipments did not belong to CCHOA; she said the equipments belonged to Full Circle Management. Denise also said that Full Circle Management pay monthly rent for the office space. Since there no rental income is indicated on our CCHOA's Income & Expenses Statements, I believe that the rent must have been paid to the Developer.

Full Circle Management, LLC is a company either owned by the Developer or by the Board member. If CCHOA does not have its own office and those equipments do not belong to us as Denise stated, what is ''Office Equipment Lease & Supplies Expenses'' for all these years?

CONCLUSION:
Circle C Homeowners have been paying office equipment lease & supplies for the Developer's office for all these years. Obviously, the equipment is being used at Bradley?’s Development at 1111 West 11th Street, Austin, TX 78703.