May 29, 2003
Yesterday I paid a visit to 5919 La Crosse, Suite 100 & 200 with my camera. I took pictures of each piece of equipment and copied down the model numbers and serial numbers. I wanted to investigate why this kind of cheap, old equipment could cost us several thousand dollars a year of lease.
I was not welcome to Susan Hoover and Denise Norstrom. Susan asked me to leave and I asked Susan to call the police instead. Denise told me that those equipment did not belong to CCHOA; she said that they were Full Circle Management's equipment. Denise also said that Full Circle Management paid rent for the office. Since there was no rental income 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 own an office and those equipment do not belong to us as Denise said so, why there was an ''Office Equipment Lease & Supplies Expenses'' for all these years?
2002 - $6,015
2001 - $7,954
2000 - $7,143
1999 - $7,835
CONCLUSION:
Circle C Homeowners have been paying office equipment lease & supplies for the Developer's office for all these years. Those equipment are probably being used at 1111 West 11th Street, Austin, TX 78703.
Yesterday I paid a visit to 5919 La Crosse, Suite 100 & 200 with my camera. I took pictures of each piece of equipment and copied down the model numbers and serial numbers. I wanted to investigate why this kind of cheap, old equipment could cost us several thousand dollars a year of lease.
I was not welcome to Susan Hoover and Denise Norstrom. Susan asked me to leave and I asked Susan to call the police instead. Denise told me that those equipment did not belong to CCHOA; she said that they were Full Circle Management's equipment. Denise also said that Full Circle Management paid rent for the office. Since there was no rental income 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 own an office and those equipment do not belong to us as Denise said so, why there was an ''Office Equipment Lease & Supplies Expenses'' for all these years?
2002 - $6,015
2001 - $7,954
2000 - $7,143
1999 - $7,835
CONCLUSION:
Circle C Homeowners have been paying office equipment lease & supplies for the Developer's office for all these years. Those equipment are probably being used at 1111 West 11th Street, Austin, TX 78703.