Sunday, November 12, 2006

Coto de Caza- Varo/Mezger $850,000 Incompetence Tax

By Joseph Morabito, former member CZ Master Association board of directors.

Hello All: The Varo/Mezger CZ Board raised dues in 2005 to extract about $425,000 from our Members. The Varo/Mezger CZ Board just raised dues again for 2007 to extract another $425,000 from our Members. Both of these dues increases are the result of blatant fiscal mismanagement, failure to properly select and manage suppliers, providing substantial subsidies to other organizations, giving away revenues that legitimately belong to CZ Members and generally expenses that are out of control. The good news is that the Varo/Mezger CZ Board’s incompetence tax can be quantified at $850,000.

We need CZ Board Members who understand the concept if fiduciary responsibility and the need to represent the interests of CZ Members by working smart. It is not just about the number of hours a CZ Board Members serves; but rather the results that are produced. Under Varo/Mezger, we have seen fiasco after fiasco and now we have the highest dues structure in the history of CZ yet the community is not safer or more attractive. If history is our teacher nothing will change until Varo/Mezger has been put out to pasture on the golf course to play with their country club friends. Hopefully, in 2007 others will step forward committed to sound fiscal management and working smarter or else we will see even more dues increases in the future. Joe Morabito

P.S. Current CZ Board Members need to implement many of the suggestions made by me and others to avoid future dues increases; but as long as Varo/Mezger remain on the CZ Board we are not likely to see sound governance. It is what it is for now.

Hi Joe:

To the incompetence tax you mention, perhaps we should add the additional liability soon-to-be monetized either through lawsuits or increased liability insurance.

Not to mention at least two tragic traffic fatalities.

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