South Miami

August 29, 2014

Letter: South Miami pool will be a money pit

How would you react if you were a shareholder in an organization that intentionally duped you over and over again? Imagine this: The majority of the board proposed a project that would greatly benefit the community. Construction of the project will be paid for with funds provided by a source outside of your organization. But the project will require extensive maintenance for perpetuity, and the maintenance will be funded for the next six years by another organization that is an affiliate of yours. After six years have elapsed, all shareholders in your organization will be billed for the perpetual maintenance for the project.

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