Is Edgewater Gardens Condominium
Trust a Homeowners’ Association Smart With Money or Mismanages and Squanders Their
Fiduciary Responsibilities?

The best-run HOAs have boards
that are smart with money. Those boards manage their owners' money with care,
and when they have unplanned projects that require additional funding, they are
equally methodical and thoughtful. What do those boards do that is so smart?
They explore every funding option, starting with well-known ideas like drawing
on reserves, taking out a loan, or passing a special assessment. Then they
unearth funding options that few HOA board members know about.

A fund deficit that triggers a reckless maintenance fee
increase equals a needless and expensive irrigation system and more.

Is our HOA a clear case of the tail wagging the dog? Is the
blind leading the blind? Are there more than enough violations of our governing
documents and state laws to warrant the Attorney General placing our HOA on a
receivership?