CAm Response to Questions

All-

Below is the email I recently received.  It highlights a reduced services option.  If you would like to leave an opinion on the question of reducing services, please do.  The Board will make a decision on that matter in early May.

Jason 

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Board

Here are some answers to some of the questions that were posed to Bethanne at the meeting:

1)    How many residents were outstanding when CAM took over?   22

2)    How many liens were placed on homes when CAM took over to now?  4

3)    How many garnishments since CAM took over?  0 – see attached collected report from 5/1/14 – 3/24/16

4)    How much money has been collected since CAM took over?  Collection report provides the total

Also attached is the delinquency report a year ago and then another one as of today; you will find a significance difference.  Michelle, the litigation assistant may be able to provide more information on the status of the Hazelrig’s with the largest outstanding balance.

There was an inquiry as to another level of service provided by CAM.  We can provide Financial Services Only (FSO) which includes the continued litigation, preparation of monthly financial reports and collection of dues.  The main difference would be no monthly inspections performed by our office, we would not seek vendors for work to be performed and we would not attend the annual meeting.  In regards to the violations, the Board can request up to 10 letters per month to be mailed to owners.  The cost would be $350 per month vs your current $400 per month.  Let us know if this is something that you wish to change, from full service to FSO.