Special Assessment and Bylaw Amendment Ballot – We Need Your Vote!
Posted By rhart on September 28, 2018
The Association sent out a ballot regarding a proposed special assessment to complete the final phase of the repiping project and proposed Bylaw amendments in August. A special membership meeting was scheduled to be held on September 20, 2018 at 7:00 P.M. in the Clubhouse to open and tally the ballots. However, there was not a sufficient amount of ballots and the meeting has been adjourned to October 11, 2018 at 7:00 P.M. in the Clubhouse.
The special assessment is needed to complete the repiping of the final phase of the repiping project as soon as possible. The Association has been incurring significant expenses due to the leaks in the pipes of the remaining units that have not been repiped. This project has been completely funded through the Association’s reserves, as the community did not approve the loan that the Association had proposed, and there are not enough funds in the reserves to complete the project at this time. The Association wants to repipe these units as soon as possible to prevent having to pay wasted money on repairing the leaks and remediating the water damage resulting from those leaks. The Board of Directors believes it is in the best interest of the homeowners to each pay a one-time special assessment of $620.00 to complete the project rather than raise the monthly assessments in 2019, as this will be the alternative if the special assessment is not approved.
We need to receive your ballot prior to October 11, 2018 so that the ballots can be opened at tallied at the Board meeting that evening at 7:00 P.M. in the Clubhouse. If you have thrown away or misplaced your voting materials (which consist of the ballot and white and blue envelopes), please contact Action Property Management and another set will be mailed to you. Voting materials will be available at the Board meeting on Thursday, October 11th at 7:00 PM in the Clubhouse and you are welcome to fill out a ballot and submit it then. Please feel free to contact the Community Manager directly if you have any questions about the proposed special assessment and Bylaw amendments.