By now, all Cedar Run homeowners should have received a mailing that included the following:
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.
- 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.
In the meantime....
We'd love to hear from you!
We'd love to hear from you!
(224) 544-9058
we all no the cost$$$$ sher/shaw $$$$ caused cedar run .what is the punishment? the court should of and could oF ruled motion TO revoke those master board members in the law suite now they are going to run AGAIN ? this is B.S !!!
ReplyDeleteI certainly know the costs, but it is nice to see a quick refresher on the blog.
DeleteIt was also very nice to read that "overview of litigation" that was mailed to us. While I basically knew what was happening and found the blog's coverage very credible, it solidifies everything I believed to see something that is OFFICIAL. The letter was approved by the court and puts everything on the record.
Any candidate that still supports or defends what Sher/Shaw did has NO PLACE on this board! (and at least one of them is already on the ballot)
I look forward to reading what the candidates have to say and I am baffled (or confuzzeld) as to why their bios were not sent to homeowners like every other election we've ever had.
Thank you for the comment and the kind words about our credibility. We take this very seriously, and we've always backed up what we say with as many official documents as possible (i.e. transcripts, court documents, reports, etc.)
DeleteThe last four years in Cedar Run have been so crazy that we couldn't make this stuff up if we tried! That said, it's important for homeowners to see the evidence so they are informed and know that we are reporting the facts.
As for candidate bios, supposedly they are posted at the clubhouse. We also invite all candidates to send their bio or any statement they'd like posted on the blog to restoreCR@gmail.com.
Confuzzled, if you read the blog you would know that Sue Koehl is the one that co-signed the checks to the shaws and sher !!!!!! a true follower.
DeleteI assume everyone knows that, and I sure hope that nobody is crazy enough to vote for her.
DeleteIs she willing to condemn what Sher and Shaw did to this community (including her contribution to it)? I hope so, but I wouldn't put much stock in anything she says at this point.
I remember her speaking at some meeting at the clubhouse where she flat-out denied being paid as treasurer. Then somebody called her out for it, and she said that she was paid for bookkeeping work and not as treasurer......then she was called out for criticizing Zink for basically the same thing.
Her answer....that the bylaws allow for the treasurer to be paid! Not only did she contradict her previous statement, but these bylaws have since been found to be ILLEGAL!!