Mike Wallace and the board claimed that State Farm required them to increase the HOA’s reserve account. Of course, this required the board to raise the annual assessment. So I called State Farm because I secured the HOA’s policy, and they denied Mike Wallace’s story. Then I called the Leavitt Group and they also denied Mike Wallace’s story.
The real reason the board raised the annual dues is revealed in this letter, which the board sent to TFPD. They raised the dues as a backdoor assessment to fund the cistern, because they believed the members opposed paying for it.
Wednesday, January 8, 2020Categorized: Insurance