We're Getting Closer.....
On February 25th, 2016, the Honorable Judge Garcia issued a Summary Judgement that included an order to conduct Cedar Run's election for an entirely new board of directors (twelve in total). This election will be scheduled sometime in May of 2016, although an exact date has not yet been established. More details should be available after the next hearing on 3/17.
This long-awaited election will be a great milestone for Cedar Run and opportunity for the community to heal after years of turmoil. It will be a chance to get some much needed closure and a chance to start anew with a responsible board and management.
Bogus Bylaws Officially Void
It should come as no surprise, as the judge has made his stance quite clear on the matter of the Sher/Shaw groups "2012 Bylaws", but they have now been
officially declared as void. The original, "1972 Bylaws" will govern the election.
Again, it was clear from the very start that the Bogus Bylaws would never hold up in court. However, the Shaw sisters (attorney's Anne & Caryn) have been fighting and trying to find an argument (more like grasping at straws) to justify these Bogus Bylaws for almost two years. While none of their arguments had much merit, Judge Garcia still gave them a chance to make their case.....many times. Should the Shaws appeal this decision, they will have quite an uphill battle if they intend to show they were treated unfairly by Judge Garcia.
Click
HERE for a copy of the court's orders.
Receiver's Report
The Receiver's seventh report, as presented to the court is now available by clicking
HERE.
A financial report for Cedar Run, dated 12/31/2015 was also presented in court. An excerpt from this report, containing a basic financial summary can be found by clicking
HERE.
Please note that we did not post the complete financial report, because it contains
some sensitive homeowner information. Although this is a public document that anyone could theoretically obtain at any courthouse, we did not want this information posted on this public website.
Please email us at
restoreCR@gmail.com if you'd like a copy of the complete financial report.