Home › Forums › Community Meetings and Events › President’s Report – Board of Directors Meeting 2/24/22 › Reply To: President’s Report – Board of Directors Meeting 2/24/22
Dear Mr. Anderson: On this controversial restaurant subject, I am afraid that I have to side with Norton. The key issues are 1. whether the majority of the SCA residents are in favor of paying extra dues to support such a restaurant. 2. What guarantee does SCA have, in case the projected estimates are not met? Will the restaurant management cough up the shortfall? Will the Board of Directors cough up the shortfall ? Or most likely the SCA residents keep paying and paying…
May I humbly request the Board to attach a restaurant ballot to opposite side of the Board Election Ballot and envelope, to solve the issue at the least possible expense (my estimate: less than $200, using the existing ballot, paperwork and postage.
A lot of the residents feel that it will be a nice amenity to add a restaurant in the Anthem Center. After due diligence, the Board found that external funding from increasing your HOA dues is necessary to turn this amenity into reality. To be as democratic as possible, the Board would like your choices:
1. I am not willing to pay more HOA dues to subsidize a restaurant in SCA.
2. I am willing to pay less than say, $10 per year to subsidize a canteen style service, serving sandwiches and beverage.
3. I am willing to pay $xx per year additional HOA dues (please use the projected figures by the outside management, divided by the number of roofs at SCA), serving family style meals with exclusive catering. Although the outside management estimates that the restaurant will break even in less than 5 years, there is no guarantee that such estimate can be attained, especially no one knows what inflation will be in the future.
Tien H Cheng, M.D.