BMC History Excerpts

The Transition Years - 1981-1983

Several critical recommendations were presented to the membership at the annual meeting on July 4, l98l .

--One motion would revise the POA Articles of Incorporation to allow that should the POA ever dissolve its assets, they would go to a non-profit or public organization (thus permitting tax exempt status for the POA).

--Another motion permitted a supplemental assessment of $285 per member (3475 members) to pay off the $403,000 debt. (All members not paying the assessment would be dropped from the rolls.)

--Thirdly, approval of an office and recreation center facility near the tennis courts.

All three measures were passed by the membership. Only 500 of the members actually voted but that constituted a quorum ( over 5% of the total). The board not only got the $403,000 but were able to apply extra funds to the reduction of the next year’s dues.

On September 30, 1981 all members who were delinquent in dues and assessments were terminated. Reinstatement became available upon payment of all past dues and assessments, plus interest (18 % in 1981) plus a $500 fee ($100 if within 90 days of termination).

It was expected that the membership number would drop (by November it was down to 24l8) but it did provide all the funds to move ahead. At the November board meeting the decision was made to raise the