Jan-94 |
1994 Northridge Earthquake resulted in significant damage to Le Parc development |
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Nov-94 |
LPHOA hired QuickResponse (aka ZM), work started |
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Early-95 |
LPHOA dissatisfied with QuickResponse, hired oversite contractor |
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Apr-95 |
QuickResponse left the job site |
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4-Aug-95 |
Pre-Arbitration conference |
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Sep-95 |
Binding arbitration officially initiated with American Arbitration Association arbitrator |
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23-Jul-97 |
LPHOA moves association into Chapter 11 Bankruptcy |
document |
19-Jun-98 |
Binding arbitration final arguments |
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10-Jul-98 |
Arbitration Award ~$6.6M |
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11-Aug-98 |
Judge Hunter confirms award in State Superior Court |
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27-Aug-98 |
ZM attorneys prepare Creditor's Plan of Reorganization & Disclosure Statement for Bankruptcy Court |
document |
14-Sep-98 |
ZM attorneys ask Bankruptcy Court for authority to collect insurance policies from individual owners |
document |
Oct-98 |
Darren Larsen takes on case of individual homeowners |
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1-Oct-98 |
ZM attorneys submitted Bankruptcy Court approved order to homeowners to produce insurance documents |
document |
13-Oct-98 |
Bankruptcy Court hearing on ZM Disclosure Statement. Court ordered statement amended |
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Nov-98 |
Negotiations with ZM for resolution unsuccessful. Range of offers from $2.2M with no interest verses ZM position of ~$6M with interest. No common ground |
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17-Nov-98 |
Court hearing on amended Disclosure Statement. Documents submitted by ZM attorneys, Jim Lingl, and Darren Larsen. |
document |
22-Dec-98 |
LPHOA attorneys asked owners for financial input to support position in Bankruptcy Court |
document |
23-Dec-98 |
Darren Larsen submitted documents naming owners as creditors in case they become burdened with HOA debt |
document |
23-Dec-98 |
December 23 ordered as last day to file as creditor in bankruptcy |
document |
30-Dec-98 |
ZM attorneys submit motion to dismiss case from bankruptcy based on 2 party dispute argument |
document |
Jan-99 |
ZM offer for settlement at $5M over 30 years at 7% interest (~$126/month per owner) |
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13-Jan-99 |
LPHOA attorneys and Darren Larsen submit arguments against bankruptcy dismissal. ZM attorneys reply to submitted arguments |
document |
27-Jan-99 |
Bankruptcy Court dismisses dispute to State Court |
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29-Jan-99 |
Judge Hunter in State Superior Court grants receiver (Jeff Becker) authority and applies temporary Restraining Order against LPHOA |
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11-Feb-99 |
Judge Hunter confirms appointment of receiver. Opposition submitted by Jim Lingle |
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19-Feb-99 |
Receiver (Jeff Becker) sends notice to owners of his status and plan to retain Emmons as financial arm |
document |
16-Mar-99 |
ZM submitted request to have receiver stop paying many of normal HOA bills. Opposition filed by Jim Lingl. Judge Hunter noted that Receiver was "in aid of execution" for ZM's benefit and could pay what he wanted |
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29-Mar-99 |
Hearing where Judge Hunter entered new order which confirmed that Receiver is not required to pay any HOA expenses and may pay it all to ZM. |
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30-Mar-99 |
Owners reached 75% vote approval of effectively firing LPHOA and creating Le Parc Community Association (LPCA) |
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1-Apr-99 |
LPCA becomes legal entity with Articles of Association and Bylaws |
document |
5-Apr-99 |
Hearing on Jim Lingl's motion for Temporary Restraining Order preventing ZM or receiver from interfering with LPCA. Judge Walsh continued the hearing to a later date and did not decide the issue. |
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4-May-99 |
First LPCA members meeting. Voted in new Board and literally passed the hat for retainer funds for Robert Long to represent LPCA |
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7-May-99 |
Hearing with Judge Hunter where he found for ZM on special assessment, continued freeze on LPCA funds, and denied temporary restraining order to prevent ZM from interfering with LPCA |
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7-May-99 |
Robert Long submitted request to disqualify Judge Hunter and objection to ZM motion to find LPCA as alter ego to LPHOA |
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May-99 |
LPCA wins new judge and is confirmed by court as a legal entity |
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24-May-99 |
Judge Hutchins first hearing. LPCA motions to remove temporary restraining order so bills can be payed, many bills in 2nd and 3rd late notice. Judge denies motion and recalenders to have LPCA show evidence of eminent shutoff |
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25-May-99 |
Emergency boiler repair using cash funds collected by donation |
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26-May-99 |
TRO hearing with Judge Hutchins. Allowed TRO opening for LPCA to pay most bills and held off on other rulings until later date |
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Jun-99 |
Emergency Board meetings on a continuing basis trying to work through issues |
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4-Jun-99 |
Hearing with Judge Hutchins to decide alter ego issue. Judge accepted briefs from ZM attorneys, Jim Lingl, Robert Long, and Darren Larsen, and decided to review and provide written judgment |
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8-Jun-99 |
Judge Hutchins provided written judgment granting ZM argument concerning alter ego issue and orders ZM to develop orders for submittal, whereby LPCA is now part of judgment, receiver has jurisdiction and $166/month assessment is approved |
document |
9-Jun-99 |
Receiver orders Wood Ranch (LPCA management company) to pay no bills and give him all the funds |
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9-Jun-99 |
Receiver sends notification to owners of special assessment, bills followed shortly from Emmons. Indications are that Receiver will collect all funds form special and normal assessment and turn over to ZM |
document |
10-Jun-99 |
Informal owners meeting to disseminate information |
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16-Jun-99 |
ZM made offer to LPCA board for consideration requiring payment of total debt with interest (over 30 years) potential limited liability for homeowners, but not further appeals |
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17-Jun-99 |
Informal owners meeting to present ZM offer and introduce Irvine law firm interested in pursuing Farmers Ins. Co. on D&O Errors and Omissions coverage. Potential strategies for dealing with short term and long term problem discussed |
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2-Jul-99 |
Informal owners meeting to strategies on options for dealing with short term and long term problems. |
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