Just the facts?

4/28/2022 37 Comments

Just the facts?

An email was sent to all homeowners from a CDAC member, Diane McAlpine with the username of “Community Design Advisory Committee". This was actually sent with Diane’s personal email (dmmcalpine@AOL.com).   Diane McAlpine, led the Landscape revitalization presentations and told us that we have only this one opportunity to revitalize our landscape due to both rising labor costs and Loan interest rates.

This plan was presented as a $5.26 million project with additional interest payments totaling $ 2.1 million. Here is what Diane is personally promising:

1.      No personal Liability (no mention of Future assessments or dues increases when the Loan interest rate resets in 7.5 years)

2.      Annual interest costs of $117 per year (we do not have a loan commitment the interest amount is unknown)

3.      No Impact on Freddie/Fannie Mortgage loan eligibility (Have we heard from the Consultant the HOA board hired to provide recommendations to fix our loan eligibility issues?)

4.      Quote for Contractor is 5.26 Million (no bids have been solicited – the quote came from O’Connell)

5.      Quote for Commercial Loan = 5% (we have no Loan commitment and no guarantee of interest rate after 7.5 years)

6.      Three Bids Competitive Blind Anonymous Bidding (There have been no bids to date and the scope of work has not been defined for the 7 areas that will be rejuvenated. What are the vendors bidding on?)

7.      Sell anytime - you never owe more than your last dues payment (if this turns out to be a bad deal, this is your only way out)

The Blog would like to know your thoughts.

37 Comments

George

4/28/2022 09:55:12 am

This is a bad deal all around. I personally feel these committee members and various board members have no clue what the real world is about. I wonder when was the last time they had to go to borrow money at a bank. I wonder when the last time they actually did their due diligence when contracting work on their own property.
Do they really think this community is that stupid to authorize the HOA board to spend these outrageous amount of money, when we hav3 no clue how they will spend it.
History points out that they don’t have a good track record in recent years. For example the “redo” of the the country club/ restaurant and the wonderful solar project that is not even a money maker for us.
I AM BEGGING THE COMMUNITY TO VOTE NO ON THIS BALLOT. THINK ABOUT ALL OUR FUTURES HERE ON THE PROPERTY.

Frank

4/28/2022 12:47:22 pm

I couldn't write NO on the ballot fast enough !!!!

Kim

4/28/2022 02:08:44 pm

I only wish the Board was as zealous in tackling increasing crime within our community walls, working to get Desert Princess off the Do Not Lend List and would treat the owners with respect and honesty. Unless we encourage our friends and neighbors to vote NO, this disaster of a proposal will pass. Hopefully based on the way in which this whole thing was rolled out, due to the low quorum bar, the owners will have legal recourse to hold the Board accountable for what can only be described as a long-term, expensive and ill-fated fiasco.

4/28/2022 10:18:58 am

I am beyond worried. A $5 million that will be more after interest is added is a HUGE commitment for something that: 1) is not imperative 2) has not been fully vetted - vendors 3) and is being pushed through as add-on to our HOA fees vs an assessment so less votes are required to get it passed.

Our HOA fees continue to pay the shortfall on the golf course and restaurant. We continue to be on the DO NOT LEND LIST. Crime appears to be increasing (pool pumps stolen, golf carts stolen, garages broken into). It seems to me that these things ARE FAR MORE IMPORTANT then a $5 million dollar palm tree (yes, a bit glib).

I have $5 million dollars worth of questions that go on unanswered and this is why I HAVE voted no. WHY NOW? WHY THE HURRY and WHY have it be an add-on to the monthly fees so the number of votes needed can be lower?? I am not opposed to upgrading, I am opposed to the blind and non-transparent (actually lying by omission) that this is being handled.

What assets are being pledged as collateral to Alliance Association Bank , Chandler, AZ for the loan? If the golf course and restaurant are the collateral, have at it!! Then there is opportunity for HOA fees to be reduced or assets to accumulate as they will no longer be used to subsidize the golf course and restaurant annual losses.

What happens to the fees in 7.5 years - why they go up along with the interest rate on the loan. We are creeping close to $1,000 a month. Along with those of us that pay a land lease, some will no longer be able to afford a home they may own out right. Let's not forget the other frivolous improvements on the agenda - the gym expansion and patio.

After coming out a two year period of reduced income due to the pandemic, WHY NOW!!??? ASK YOURSELF WHY NOW!!!???

Like the Wizard Of Oz, when smoke and mirrors are used, there is typically someone behind the curtain. What do we not know about this?

Leslie

4/28/2022 10:34:23 am

In answer to the last line in your astute summary of this fiasco in waiting, the answer is "Just about EVERYTHING is an unknown or blind guesses". This project is so bad, it is downright offensive to our community.

Dave

4/28/2022 11:20:01 am

Thank you for operating this blog and giving voice to all homeowners.

Bad enough that some Board members and these committee members feel the need to foist their "URGENT" priority number one project idea on homeowners ahead of real problems that do need attention. The do not lend list for instance.

To lie and mislead people to obtain those ends is unconscionable and a betrayal of trust.

So why was it that Diane, from her own e mail, (yes, still acting for the committee and the Board) put out that misleading and incorrect information and not the Board?

Because if the Board puts out that same information, they would be legally liable for failing in their fiduciary duties. The scheme is that bad.

The fact that it is taking lies and conniving to sell this half baked project to homeowners tells you all you need to know!

Vote NO

4/28/2022 11:39:52 am

3 people concerned.

What else is new at DPCC.

The sheep continue to graze on contaminated grass.

John Godwin

4/28/2022 12:30:46 pm

There is no question if this landscape project could be linked to property value increases the value position would change . Are the newer homes that were just built selling for more per sq ft then the older villas ? Again if there were the confidence that the new landscaping project would set DP as the premier property in CC than again a different value position .
The timing of this project could not be worst , ideally this project should have been tabled 2 to 3 years ago , interest rates low , plenty of labor that was looking for work .
We are headed in a fairly significant recession , all tea leaves look to more bad economic conditions then better . As we saw with China world wide influence directly affects the US - the Russia/ Ukrainian war is far from over . The damage to the overall economic value stream had not even started .
Take the average family - mom / dad several kids they each burn two full tanks of had a week spending about $80 dollars more a week ,$320 a month . Our property taxes outside of CA where yearly increase amounts are controlled have gone up 59% since 2019 . Have you had a family member get in a car crash ? The cars built over the last two years have significantly more expansive replacement costs ,ie headlights , theses new headlights cost like $6000 each - car insurance is moving up . Food costs are really up - hence consumer spending which has been the economic driver is the US has go to slow .
Project is needed , timing is not good . To many issues moving around us that we no control over .John

4/28/2022 02:05:31 pm

If anyone knows how to get on the email list of the Your Money Matters postings, please let me know? Asking for a group of people who want to receive those emails!

Helen

4/28/2022 04:30:49 pm

As a villa owner I don’t see any reason to vote yes in this landscape project. There is no benefit to villa owners. When I bought my villa four years ago it needed major landscaping in the rear patio and side courtyard. HOA does not help villa owners with this as I was told. So my husband and I spent over $8000 to beautify these areas. There is no benefit for us.
The condos do need updating but nit at our expense.
What I would like to see is money put into our outdated Clubhouse. The bar below level, the kitchen too small, the chairs and tables inside and outside updated.
We come from a Country Club in North Jersey. We had the best of times at our Club, especially after it was updated. Music every Thursday and Saturday night. Meeting people at the bar. That’s I would like to see the money used for.

Mary Maloney

5/1/2022 10:00:28 am

The clubhouse and restaurant WERE updated, can you believe it?.....someone just chose outdated design, colors, etc......it is such a shame.

Anonymous

5/1/2022 01:56:20 pm

More unbelievably, that reno done a scarce 6 years ago was sole-sourced at the time for a cost in excess of $475,000.00. Imagine that much of our money spent for nothing better than an end result that is a facility that closely resembles an assisted living dining room.

owner at Desert Princess

5/15/2022 01:09:31 pm

Great ideas! I too would love to see a bar which is more inviting to sit at and meet new people! Something like Cactus Jacks bar or even Pacifica Lounge bar!

Michael Stark link

4/28/2022 06:20:10 pm

Today, I received a well written and intelligent response to the email I sent to all the DP Board Members voicing my concerns about the Landscaping Revitalization Project. In my initial email to them I suggested an alternative method of financing this project rather than taking out an expensive loan. My questions were answered to my satisfaction and new information on this project was also given. There should be an email available to the DP Membership soon itemizing the latest details of the proposal. You know something folks? If we all approach someone with basic human kindness and respect when we have concerns to share I think it will work much better for everyone concerned. Becoming angry with others before we have all the facts in our possession only inflames the narrative. Please, let's all try to bring the temperature down a bit and treat others like we would like to be treated. Thank you.

Donna Mead link

4/28/2022 06:49:17 pm

NO NO NO! I voted immediately! This multi million project is a sham. Our visitors always comment on how beautiful the grounds are. Are there a few improvements that would enhance our property? Of course! Certainly the aging and wind damaged trees should be addressed. I am greatly concerned over the fact routine care of the grounds of our villa
has all but stopped. hedge trimming, plant pruning only occur via request. It has dwindled to "mow and blow" and my guess is the resultant savings are diverted to the landscape revitalization fiasco.

Trevor M

4/28/2022 08:01:02 pm

What exactly are we homeowners/HOA putting up for collateral for this landscape project? Why is the CDAC and Board not telling the homeowners the whole story? Everything is a secret and on the hush hush. I wish the Board of Directors would start being honest with the homeowners and tell us all the facts about the loan for the landscape project. I would like to know what the terms of the loan are, are there any extra costs, who is the lender, the interest rate, how much exactly will my HOA dues be going up and what effect is this loan going to have on my property when I go to sell?

Leslie

4/29/2022 03:35:31 pm

Based on the number of questions you have and lack of information available to answer those questions, voting NO on this proposition is the only course of action available to reasonable, informed owners. A 15 repayment plan on a multi- million dollar is hardly a "temporary" increase. For a good many residents, 15 years is potentially the rest of their natural lives.

Terry

4/29/2022 06:43:50 pm

The lastest attempt by the HOA to placate homeowners on the large debt proposed for landscape revitalization arrived today, Friday, April 29th. It is all garbage. How can anyone know the 7 year Treasury rate 7 1/2 years ( 90 months) from now.

Be assured, if this loan is approved with DP assets pledged as collateral, Fannie and Freddie will NEVER put Desert Princess back on the approved residential loan list.

The board will have their money pit country club for their use and homeowners will pay the constant revenue shortfalls, with no way out as there will be no mortgages available for people interested in purchasing at DP.

The fact that the ballot package was sent out to homeowners a week ago strongly suggests that the board has already violated their fiduciary responsibilty to operate in a manner that places homeowner's best interests ahead of all else. We are talking about criminal behavior by violating this California State law to protect the best interests of homeowners. Pushing for approval of a large loan using bogus or non existing info including complete loan terms is wrong and unlawful. Vote NO to end this mess.

Laurel Saunders

5/14/2022 07:09:15 pm

I completely agree with every point you have brought up!
Very well presented.

Dave

4/30/2022 06:12:51 am

With you 100% Terry

Vote NO

Tom Rosa

4/30/2022 06:38:25 am

As someone who does this type of work as a profession, I suggest a NO vote. The scope is not clearly defined with no set of actual "bid docs" My understanding is that Oconell provided a budget number the posted $5.24 MM. The proper way to proceed would be to get a "bid set" produced. Do an RFP (request for price )from 3 qualified contractors then evaluate those. ( Cost , Escalation , Phasing ETC ) At that point, we would have a clear understanding of both scope and cost. The suggestion that we just approve a $5.24MM budget without a clearly defined scope is not prudent. Trust me, without a plan we will pay in excess of the original cost or get less for our money. ( Thats the desert contractor way ) We have time to work this process correctly. I suggest that would be the way to go. JUST SAY NO. BTW ,I offered the board my help years ago when this plan was conceived, I was told no thank you. Ask yourself why they would not want someone who manages large development projects to not be included in a large project like this.

Michelle

4/30/2022 10:24:38 am

I find it absolutely mind boggling Tom, that you are the second owner with expertise in this area to have their offer of assistance to this project declined. Patrick Reynolds, a licensed Landscape architect, who also posted a blog on this issue, had his offer to help rejected as well. WTF???? For a project that requires our community to borrow millions of dollars, pledging our HOA dues and receivables as collateral, increasing our monthly dues "temporarily" by some $34.00 for 15 YEARS, with sketchy loan details released one week AFTER the ballots hit the owners doorsteps, why is the Board going out of its way to hamper its success. In my entire career as a banker, small business owner and federal legislator, I have never witnessed anything quite as disturbing as the thinking, process and rollout utilized in this project.

Not fooled

4/30/2022 08:39:37 am

The only conclusion one could arrive at Tom, there is something nefarious going on, certainly the legality of the way the Board and the committee have acted is questionable at best. To turn down an offer of help such as the one you made to the Board is criminal and not acting in the best interests of the community as is required by fiduciaries. (The Board).

We are coming into a recession, inflation at 8.4% is at a 31-year high.

The last time that happened (1981) interest rates went to 20%

The Board state that:-
Reset Formula "the worst case scenario would result in an increase of $0.22 per homeowner per month, so this is not a material risk".

Why do these amateurs think they know more than the professionals, ask yourself why the bank will not commit to a fixed interest rate for a 15-year term?

Because there is a material risk

The possibility of a major war is all too real

All bets are off regarding interest rate predictions or economic decisions in these troubled times.

Act in haste, regret at your leisure.

No urgency to jump off a cliff

Vote NO

Mary Maloney

5/1/2022 10:02:33 am

It's funny how the board claimed it would cost our HOA too much money to do a recall vote, but swiftly spent the money to do a HOA wide vote for their project....no mention of how much this VOTE is costing us. Just saying.

Not Taken In

5/1/2022 12:21:00 pm

The latest attempted Con by the Board, now telling us not to worry about the $7.26 million millstone the Board is trying to put around our collective neck.

They say:-

"This term sheet is largely the same as we have previously communicated, but we are pleased to announce that the terms will be locked in until after the homeowner vote is tabulated on June 6. This means homeowners can vote with a full understanding of the terms that will apply to the bank loan, if the project is approved."

Apart from an immediate increase in the loan rate first promised for the first 7.5 years
Nothing has changed.

The Board want you to trust their collective expertise. But, not a financial expert among them!

Go to any financial expert and they will tell you,
PAST PERFORMANCE IS NO GUIDE TO THE FUTURE!

The Board said:-
"so, this is not a material risk."
They are pushing this very hard, is someone getting paid for this?

Are we taken in by them?

Nothing has changed.

The reset formula is based on what is happening in the world at year 7.5 from now.
for a none essential project today. Is that a gamble?

Gambling with our HOA is NOT allowed by the Board.

Should a Board ask homeowners to gamble unnecessarily with their futures?

Would that be considered them exercising their fiduciary responsibilities?

Nothing has changed.
Still vote NO

Terry

5/1/2022 07:15:35 pm

The BOD is using smoke and mirrors as it pertains to the interest rate that will prevail when the loan "reset" kicks in 90 months from now. With current inflation at 8.5%, supply lines that could take years to unravel, worldwide political unrest with Europe involved in a hot war that could last for many years, financial markets exploding, etc., what could possibly go wrong?

Hanging Desert Princess homeowners out to dry in these unsure and unpredictable times is unconscionable and not in the best interest of DP homeowners and likely a cause of action against the board for a violation of their fiduciary duties of care, loyalty, and obedience to DP homeowners. The boards excuse that the homeowners are not intelligent enough to understand loan terms is not going to work.

The board has every dime of the proposed loan earmarked for all their pet projects. Why remodel a restaurant that will NEVER, EVER be profitable under current ownership?

The board could get the homeowners out from under the no loan list but have made no move to do so. This is totally in violation of the boards duty to operate in the best interests of the homeowners, not in the best interest of the board. Tbis will become a lawsuit against the board for violation of the boards fiduciary responsibilities.

Vote NO on the loan as though our future here at Desert Princess largely depends on doing so, because it does. VOTE NO

Laurel Saunders

5/14/2022 07:19:48 pm

Remember, this is not Mission Hills!
This country club is in Cathedral City, right?? Or has the Board forgotten??
And my friends at PGA West with multiple guard gates and six golf courses only pay $750/month in HOA dues.
This is unnecessary spending, as this is actually a more beautiful club and course than most of those higher priced resorts.
VOTE "NO" TO THIS EXTRAVAGANT SPENDING!!

Michael Stark link

5/14/2022 09:08:27 pm

Laurel, Do you know if Mission Hills and PGA West ever took out loans to upgrade their infrastructure? If so, when and how much was the loan? Was there ever a special assessment levied on the homeowners for improvements/repairs? If so, when and how much. I’m trying to understand your point. I’m not saying I’m in favor of the loan for DP. I am saying that a community like ours approaching the 40 year mark will inevitably need major remodeling. We all need to keep this in mind. I do not wish DP to start resembling the rest of Cathedral City, do you?

Laurel Saunders

5/15/2022 12:59:21 pm

Hi Michael,
I do not know all the financials of these clubs (which are all private by the.way) but that doesn't matter in this discussion. I attended the last PGA Tour at PGA West and the recent LPGA Tour at Mission Hills and I thought the grounds were nice, but no better than Desert Princess. However, my point is:
One doesn't have to be a millionaire to be part of Desert Princess, which is why many residents consider Desert Princess to be a real 'jewel'. Personally, I think Desert Princess looks better than ever. And I appreciate the fact that labor costs will gradually increase to keep this place in shape.
But all the discussions which are related to the huge bank loan with unknown future interest rates being considered by the Board, obviously shows that many residents are scared of what is becoming of this Club, with fees constantly increasing anyhow, in addition the this big commitment which many will not be alive to see.
These are my thoughts which I just want to express, as I am very happy here sharing ownership at Desert Princess, (having rented since 2012 at other clubs in Palm Desert).
p,.s.: Please feel free not to respond, as I am running out of time here and am anxious to get out there and golf!! Thanks...

Michael Stark link

5/15/2022 02:07:54 pm

I would like to ask everyone on this forum some serious questions, but first I would like to thank Laurel for her calm and intelligent response above. Secondly, please understand I have serious reservations regarding the CDAC Loan Proposal. However, there are many issues facing DP that will not go away if we ignore them. Our aging infrastructure is likely at the top of my list. As a former Board/Committee member in several other HOAs I think I can tell everyone what is likely to happen in the event the Loan Proposal is not passed. The Board will likely initiate a Special Assessment to all owners. No Board Member or Homeowner wants a Special Assessment, but sometimes they are financially necessary, especially as any development grows older. A Special Assessment will likely hurt many retirees much harder than a loan. The number one burning question I have for EVERYONE is what is your solution? What are your ideas to maintain our quality of life here? DP was started in 1985, I believe. The plumbing problems alone are getting worse, thanks primarily to our poor quality water. What is YOUR solution for dealing with this? Before anyone starts with the name calling, how about using your voice for positive change? If you can't do that, please don't "contribute" to this forum. There is enough misdirected anger out there to tolerate. We don't need it here. Practice basic human kindness, please.

Leslie

5/16/2022 09:23:42 am

Michael, you have clearly missed the entire point of this blog. Questions are posed to elicit information and discussion as it relates to our community. It is not tasked with "coming up with better ideas" than those offered by the Board and the CDAC. They would be summarily dismissed by both those entities, as evidenced by 2 owners, experts in landscaping, offering their services to this project and being totally blown off by the Board.

Unfortunately, emotions tend to run high when people believe they are somehow not permitted access to the facts with respect to the loan details they will be required to pay back, but borrowing money for which no detailed plan exists. People do not appreciate being treated in the manner in which they have been, by both the Board and the CDAC and certainly not by being instructed by you not to participate in this forum, unless they have something positive to contribute.

In my view, the partipating owners on this blog are indeed providing positive feedback on the CDAC proposal. They positively agree this deal, based on the information provided by the Board, is not worth borrowing $5M for. They see this for what it truly is.....an interest bearing Special Assessment amortized over 15 years, with a fixed rate for a term of only one half of that amortization, for a plan that gas not even been put out to tender, based on data mined by the committee over TWO years ago.

Might I respectfully suggest that if you are seeking new ideas, perhaps you should look elsewhere and refrain from lecturing others on the merits of their opinions when not in lockstep with your own.

Hijacked

5/15/2022 04:28:51 pm

So there you have it folks, this is what a hijacked forum looks like, Michael, as an obvious sleeper representative of the Board and the CDAC is trying to hijack the forum from the 7 questions the blog asked. Seems he likes to do that on each of the blogs as they are published.

He is now attempting to scare you into some action in haste, please do not forget the true saying, ACT IN HASTE REGRET AT YOUR LEISURE

an email was sent to all homeowners from a CDAC member, Diane McAlpine with the username of “Community Design Advisory Committee". This was actually sent with Diane’s personal email (dmmcalpine@AOL.com). Diane McAlpine, led the Landscape revitalization presentations and told us that we have only this one opportunity to revitalize our landscape due to both rising labor costs and Loan interest rates.This plan was presented as a $5.26 million project with additional interest payments totaling $ 2.1 million. Here is what Diane is personally promising:1. No personal Liability (no mention of Future assessments or dues increases when the Loan interest rate resets in 7.5 years)2. Annual interest costs of $117 per year (we do not have a loan commitment the interest amount is unknown)3. No Impact on Freddie/Fannie Mortgage loan eligibility (Have we heard from the Consultant the HOA board hired to provide recommendations to fix our loan eligibility issues?)4. Quote for Contractor is 5.26 Million (no bids have been solicited – the quote came from O’Connell)5. Quote for Commercial Loan = 5% (we have no Loan commitment and no guarantee of interest rate after 7.5 years)6. Three Bids Competitive Blind Anonymous Bidding (There have been no bids to date and the scope of work has not been defined for the 7 areas that will be rejuvenated. What are the vendors bidding on?)7. Sell anytime - you never owe more than your last dues payment (if this turns out to be a bad deal, this is your only way out)
The Blog would like to know your thoughts.

So Michael, what do you have to say about these 7 issues? Stay on point please.

Michael Stark link

5/16/2022 11:02:14 am

I thought the entire point of this blog was to exchange opinions, constructive criticism and alternative ideas if we don't agree with proposed programs affecting our residents and community in general. It's called a PUBLIC FORUM. If we have alternative ideas from what the Board/CDAC has, how is that a bad thing? NOWHERE have I seen constructive solutions for the problems facing our community on this blog. Why? I'll tell you why; it's because no one wants to spend the required money for addressing these issues. It's the same mentality that prevents the funding of large scale public transportation in our state, or expanding water supply sources. They need to be done but no one wants to have their taxes raised to fund it. I've clearly struck a nerve with some of the folks on this blog. That can be a good thing if it gets people to put on their thinking caps and come up with new ideas that can challenge the proposals put forth by the Board/CDAC. There has been no shortage of name calling, negative and mean spirited comments here. Please don't tell me I can not post my opinions that are intended to be positive and all inclusive. I'm only trying to bring people together for the greater good of our community.

Leslie

5/16/2022 01:54:13 pm

Michael, you clearly challenged those owners who were not voicing positive alternatives to what they were clearly being spoon fed, to "please not contribute to this forum". Please review your comments.

FYI, this forum has made several positive contributions to our community by encouraging commentary from the stakeholders, free of fear of retribution from the powers that be, to achieve change at Desert Princess, positive change that is more overdue than the "plant swap".

Spot On

5/16/2022 01:36:59 pm

Leslie was spot on in her rebuke of your posts Michael.

This Blog is titled, Just the Facts. See the top of the Blog page to ascertain the subject matter for discussion.
The Homeowners are dealing with an out-of-control Board and CDAC. Their lunatic proposal is already out for a vote, at our expense.

Remember, the very sketchy and incomplete information they gave us said, this what we (the Board and the CDAC) want, not, do you have any input.
There was no option before to have any meaningful input on the issue by the Board or the CDAC and there certainly is none now.

If indeed you are an independent voice, and not working for the Board and CDAC, let us hear what you have to say on these issues only. If you do try and change the narrative again, we will know you are in fact a troll, intent only on disrupting the discussion at hand and surreptitiously working for the Board and CDAC.

Do you agree with the concept of being forced to vote on a proposal that has no plan, that has no competitive cost quotes, that has no details on what the cost will be, that does not have interest rates guaranteed for the life of the proposed loan, That does not have a total cost, That has not been put out for tender of any kind, That no scope of work document has been detailed for people to quote on, That is, in all its facets, a lunatic proposal.

Would you agree that anyone who would vote in favor of such a proposal would rightly be called a Moron?

Terry

5/20/2022 10:53:59 am

Yes Leslie. You were spot on in your comments involving a certain moralistic individual who gets off on telling others how to act and what to say or not say. Imagine him inviting others not to use the blog. Guess he thinks his opinion is the only opinion worthly of our blog.

You are also spot on in terms of your understanding and use of OUR blog. Your well reasoned and thoughtful comments are welcome by many including this reader.

Keep up the great work. I enjoy reading your insightful posts.

Terry

Leslie

5/20/2022 04:10:07 pm

Thank you for your kind words, Terry. You obviously understand that mortgaging our future for the next 15 years for PLANTS is an insane proposal. Replacing dead and dying trees and plants incrementally every year as required has served our community exceptionally well for the past 3+ decades. With our existing landscaping, we rode the property price increases like the entire valley. What WILL adversely affect our values is Desert Princess being featured on the Fanny May and Freddie Mac's DO NOT LEND LISTS. As we are headed into a recession, with escalating cost of living and interest rates, cash buyers for our properties here will quickly evaporate. We should be expending our energy and financial
resources to get off that list, not plants.

Your comment will be posted after it is approved.

Charter

This blog is designed as a means to provide transparency and informative access to the policies and protocols of the Desert Princess Palm Springs Homeowners Association, the governance of the HOA Board of Directors and the management of the community’s assets by The Management Trust. The expressed intent is to establish a neighborhood hub for trusted connections and the exchange of helpful information, goods, and services; it is hoped that homeowners will use it to build a stronger and safer Desert Princess Palm Springs.

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