The ballot sent out to all homeowners is a vote to allow the Board to take out a loan for $5 million. A follow up summary of the actual loan terms was published on Desert Princess Condo Communities.
A number of homeowners have contacted the Board to get a copy of the “Fixed Term sheet” that outlines all the details for the loan that we are being asked to vote on. The HOA has refused to release this information. How can homeowners make an informed decision on this vote without the facts?
The blog would like to know, Do we have enough information to Vote for the $5 million loan?
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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