Bob Frank said:

Gordon Blugis was previously commenting (on Ron Johnson’s blog) about the 2006-2007 board actions to extend and sweeten the failed trumpets lease, and he asked: “Can anyone refresh my memory on the position taken that evening by Mr. Troia, currently candidate for the SCA Board?”

My response: The history of the events Gordon is trying to describe is more complex than he has reported. For example, the 2005-2006 Board and their Finance Committee (1) did not collect the hundreds of thousands of dollars in rent and revenues shares owed under the lease for a period of over 2 years, (2) wasted over 2 years “negotiating” a lease amendment that had absolutely no benefits to the community, and (3) wasted thousands of dollars on a survey and campaign that attempted to deceive SCA members into approving their bogus amendment. All of that happened well before the 2007 Board terminated the lease by moving to prevent an extension for another 5 years.

However, Gordon is 100% CORRECT about Jack Troia’s personal involvement in the failure to collect hundreds of thousands of association dollars from the lessee between 2005-2007. Jack Troia was the Finance Committee Chair from 2005 to 2007, and Jack Troia was a key member of the SCA financial management team that worked to create and sustain the trumpets lease fiasco during that time.

But, there is much more. It has been reported many times during the past two years by Ron Johnson, Norm McCullough, and others that Jack Troia and Roz Berman were the leading finance committee members that led to our failure to collect the hundreds of thousands of dollars owed in 2005 to our reserves by the developer. And, there are no acceptable excuses for that gross failure.

Jack Troia was also the Finance Committee Chair when Alan Socolik was “fired” from the Finance Committee in 2006 for daring to insist that the trumpets lease be handled according to generally accepted accounting practices. Imagine! A highly qualified volunteer was FIRED by Jack Troia for daring to insist that funds due from the trumpets lease be accounted for according to statute! As a result, the trumpets financial data was never accounted for within our financial system as it should have been. That proves to me, and many others that our trumpets lease records need to be reviewed by a forensic auditor.

Jack Troia was also the key finance committee member who directed the SCA income tax planning and execution that appears to have resulted in significant errors in SCA’s returns in 2005 through 2007. We are waiting for an IRS audit to find out the whole truth in that important tax matter.

Meanwhile, it is fair to say that Jack Troia and Roz Berman have been key members of the management team in power while SCA was suffering hundreds of thousands of dollars of losses since 2005.

Bob Frank
SCA Director