In January 2025, homeowners were urged to approve this Special Assessment.
Was it spent as planned?
What we were told:
What we got:
No OBJECTIVE studies were performed in this timeframe.
No Engineering Study of HOA's infrastructure.
No CPA Audit of Lennar's Turnover financials
No updated Reserve Study for replacement costs
What was it spent on? LAWYERS!
'Clubhouse purchase evaluation'*: $82,466 ($32k over assessment budget!)
(*We surmised that this refers to the P&S law firm and will confirm.)
'HOA Attorney': $6,852 (which is below assessment budget except...)
$36,747 additional was spent in unbudgeted 'Legal Fees' and "Legal Expenses"
Grand Total = $126,085
Source: "SPA Turnover Expenses" line items in Medley's December 31, 2025 Year End financials
as reported by Castle Group (posted on TownSquare in February 2026.)
What happened to the $80,000 that was NOT spent on the objective studies?
It was evidently applied to our HOA's "general budget."
Questions:
- Why were we homeowners told that all of the January Special Assessment was 'urgent' if half of the funds were not even needed in 2025?
- Why was the unused ~$80k converted to the HOA's general budget for discretionary purchases (instead of member refunds)?
- Will converting the unused 2025 Special Assessment money to our 2026 "general budget" bloat our baseline budget now and forever? (Just because something was budgeted once and not used shouldn't guarantee always budgeting for it.)
- Did the $126k of legal expenses spent last year actually improve HOA operations and the clubhouse purchase outcomes?
- We didn't get the statutorily-required HOA Turnover financial statements from Lennar until December. Why?
- Homeowners were not weren't informed of the Clubhouse's operating deficit until a week before the November 11 vote. Why?
- The clubhouse Purchase & Sale Agreement included a broad Exhibit F GENERAL RELEASE of any liability of the Seller (LEN-Southshore Bay LLC) including "all jointly liable parties" such as their affiliates, attorneys, officers and directors, "from the beginning of the world" (no joke, that's an actual quote!). Our board also signed waivers for any Conflicts of Interest by the selected law firm and even our HOA's right to a jury trial. All that for just $10 paid in consideration. Hmm. 😒