Please Help Us
We are residents in a planned retirement community called
Hot Springs Village in rural Arkansas. It’s a beautiful community with numerous
lakes and golf courses surrounded by hills and trees and peace and quiet. Over
70% of us are living on fixed incomes. We worked our entire lives for a quiet
spot in the country to retire.
We have over 34,000 individual lots with every lot having
one vote in the owners association. To date, people have built their retirement
homes on only about 8500 lots. Corporate speculators like HSVPOAInc now own
thousands of the undeveloped lots and five of our board members. They have called for the majority lot owners to vote to nearly double the dues on the minority homeowners while keeping their own dues the same.
We need your help to keep our peaceful village out of the
hands of corporate speculators and land developers who want to turn our
retirement community into a tourist attraction. http://www.hsvpoa.org/files/pdf/2014-master-plan-low-res.pdf
UPDATE
The first vote is in! Quorum of 50% voting members was not made on
the first ballot! It is a small victory. Now the Board has until January 20th
2015 to issue a second vote with a new quorum of only 25% of voting members.
We will surely loose our Village when the lower quorum vote takes place. Legal
action is our only recourse to save our village.
Please help us with a donation so we can fight corporate
greed and save our homes. We have raised over $11,000 from residents depositing
less than $100 each directly into our HSV Members Rights Fund account at our
local Regions Bank. We will need thousands more to see this fight through to
the end. Be part of history. This case will no doubt establish precedence in
Arkansas POA law.