Property Owners Association
112 Chota Center
Loudon,
TN
37774
News Release
Release Date: Immediately
Date Submitted: July 24, 2009
TVPOA Management
Statement on Lawsuit
The TVPOA supports and is fully
committed to the highest level of accountability and transparency in its
operations. We are we in full compliance with federal and state law
regarding document access, and the Association has gone further by
placing a wide range of operational and financial documents on the TVPOA
website for all TVPOA members and the general public to see. The TVPOA
Board of Directors also implemented new document access rules to ensure
an orderly process out of what threatened to become chaos because of the
size, scope and expense related to document requests continually coming
from a small group of people. In the pending case, the Association has
determined that the request is invalid under state law and the POA’s
document access rules.
The two
individuals who filed the pending lawsuit have been associated with this
small group of residents that has repeatedly burdened the TVPOA with
numerous document and information requests and wrongly alleged corporate
fraud and malfeasance by TVPOA officials where no such issues have been
found to exist. These irresponsible actions have cost the TVPOA
thousands of dollars in legal fees and other expenses responding to
requests for information and allegations of wrongdoing, all of which
have been proven to date to be false or unsubstantiated.
The
TVPOA has complied with many of the information requests that have been
made by the individuals filing the pending lawsuit, as well as numerous
other requests from members of this small group of property owners.
These repeated and burdensome requests adversely affected TVPOA
operations earlier this year and required the TVPOA Board of Directors
to take action for the Association’s protection and for the good of all
Tellico Village property owners. The TVPOA’s document access rules now
in place are working to better serve the Association and its members.
TVPOA Board and management are confident the rules meet all applicable
federal and state legal requirements and will do an excellent job
serving the needs of Tellico Village property owners.
Contact:
John Cherry,
Public Relations Manager
(865) 458-5408 ext. 4105 |