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wjlane

Why is Amendment Needed for Capital Assessment?

Can a "Special Assessment" be imposed on New Owners without Amending our CCRs/Bylaws? What is the "Legal" ruling ??

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wjlane
Sep 26

A Vote to Amend the HOA's CCRs / Bylaws is underway, after failing at the 2024 Annual Meeting.  


A Package is being mailed to every Owner to review the Proposed Amendment and to return a signed Ballot.   If passed by 67% of Owners (ie who Vote "Yes" - an unreturned Ballot is essentially a "No" Vote) it would would create an Assessment, (as it is understood now) equal to the Annual Assessment of a Lot upon Sale of the Lot / House ... to be paid at Closing or (some other time?).  


See the Package being sent to you for all the details.   (This posting will be updated once the Package is received, if additions or corrections…


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