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Ocean Ridgers Be Heard

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Ocean Ridgers Be Heard; a voice, not an echo

We the undersigned are requesting that an advisory vote of all owners be taken by a reputable on-line voting concern asking if the owners approve of any indebtedness for a new amenity center beyond the original 3 million.

In the winter of 2020, Ocean Ridge bought the Reaves Trust property ($209,261 plus additional legal and surveying costs), and the Dunlowe Notch property ($31,268), telling our auditor that Dunlowe was for road access to the Reaves property. Before the closing on Reaves, in September of 2020, ORMA allocated $7,000 for an engineer’s estimate for a Dell Webb style amenity. A down payment ($300,000) for a new $3M amenity center was put in the 2021 budget, at $175 a lot; along with other budget increases, HOA dues were raised by 39%.

The devastating tornado hit in February 2021, costing Ocean Ridge in excess of $350,000 for clean-up. Within a week of the tornado, without knowing what the clean-up would cost, ORMA commissioned a group of consultants to do a survey, and draft conceptual drawings for a new amenity center ($114,000).

In June of 2021, according to the Board, the first engineer’s study came back at a ball park figure of 10.9M. The February consultants estimate came in at 12.4M in September, or $781 a year increase in dues for 15 yrs; a 97% increase over 2 yrs. At the same time, the community learned that ORMA had entered into an access lease with the developer at an initial estimated cost of $500,000 to $600,000.

There has been no usage study of current amenities. There has been no community discussion of alternatives. There has been no survey that asked if the community was willing to pay an additional $781 for a new amenity center, on top of normal inflationary budget pressures.

The Board’s new attorney has said that the Board does not have to allow a vote, and the Board’s appointed President and appointed Vice-President have said they will not allow one.

Therefore, we the undersigned are requesting that an advisory vote of all owners be taken by a reputable on-line voting concern (question could be added to the November ballot) asking if the owners approve of any indebtedness for a new amenity center beyond the original 3 million.

The Ocean Ridge Accountability and Transparency Team

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