- A list of nominated candidates
- A set of rules describing how the election will be conducted
- A Proxy with two options
- A Letter entitles "Overview of Litigation"
WE STRONGLY ENCOURAGE ALL OWNERS TO READ THIS OVERVIEW OF LITIGATION!
A copy of this letter can be found HERE.
The Overview of Litigation was approved by the court and ordered to be disseminated to all owners. The issuing of this letter is a very important, necessary step to ensure that all owners understand the legal issues that have plagued Cedar Run over the past four years. It is critical that all Cedar Run owners can make their decision on August 4th as INFORMED VOTERS.
While there is much detail left out of this letter, it does provide a concise, factually correct summary of what has happened in Cedar Run, why we are in receivership, and why we are having this election.
Whether you are a long-time owner or a recent buyer, we strongly encourage you to read this Overview of Litigation.
Some items to note within the letter:
The Sher/Shaw group adopted a set of By-Laws in 2012 without notifying or getting approval from homeowners. These bylaws conflicted with Illinois law and were determined, by the court, to be void. A copy of these By-Laws (Which we've often appropriately referred to as "The Bogus By-Laws") can be found HERE.
An Exclusive Consulting Agreement was signed in 2012 between the HOC ("Party #1") and Robert Sher & Jack Shaw ("Party #2"). This agreement, even more so than the Bogus Bylaws, essentially guaranteed employment and pay for Robert & Jack for EIGHT YEARS. It's worth noting that the only signature on the agreement for "Party #1" was Barbara Shaw....The wife and daughter of both members of "Party #2", respectively. A copy of this agreement can be found HERE.
Robert Sher and Jack Shaw received a total of $168,920.55 for serving on the oversight committee. This figure came directly from a court-approved report by the accounting firm Frost, Ruttenberg & Rothblatt (FR&R). A copy of the text of the report can be found HERE.
Within the FR&R report, you'll find information that is even more appalling regarding how the Sher/Shaw group handled Cedar Run's finances, taxes, collections, employees, relationships with contractors. You'll also see that over $218K went to their family's law firm, Shaw Legal Services, and the over $43K paid out to settle judgements that were filed against them by vendors.
The numbers DO NOT LIE, and this was all funded with OUR MONEY!
Please stay tuned for more updates, as well as some statements from actual candidates who are running for positions on the Cedar Run HOC board.
We'd love to hear from you!