24 Mar. 2011 @ 7:00pm
Those in Attendance: Board Members: Edward Takacs, Mike Scales, Gene Cosper, Jeremy Fong (Excused)
Review Minutes & Assignments: 3 Nov. 2010 HOA Board Meeting
Management:
- Reviewed Lexington Estates HOA Balance Sheet.
Lexington Estates HOA
Balance Sheet
Transaction 01/31/2011
Assets
Operating Accounts
LEXE SS - CHECKING 12,534.56
Total Operating Accounts 12,534.56
Accounts Receivable
A/R 15,712.59
Total Accounts Receivable 15,712.59
Total Assets 28,247.15
Liabilities & Equity
Liability
Prepaid Assessments 21.90
Total Liability 21.90
Equity
Open Balance Equity 22,596.84
Reserve (13,073.07)
Net Income 18,701.48
Total Equity 28,225.25
Total Liabilities & Equity 28,247.15
- Taxes will be filled as directed by the IRS: 31 May 2011
- Financial Audit is required annually. Mike Scales is looking into 3 bids.
- Will get with management co. about budget for next year, to be presented at our annual HOA meeting on 9 June 2011 at 7pm. Location to be determined.
-- Fliers will go out to all homeowners.
-- Edward Takacs will look to reserve a room at the Clearfield Library.
- Sometime in April 2011 the HOA Board will go though the HOA neighborhood and perform a landscape maintenance/appearance survey.
-- All write up will be filled with our management co. to process.
Landscape:
- HOA Board will meet with our landscaper to determine our needs and wants regarding our landscape easement.
- Mike Scales will look into 3 bids for replacement of trees and or bushes.
Next HOA Board Meeting: To be announced.
Review of notes: All Board members agreed.
CLOSED: 8:10 pm
Subscribe to:
Post Comments (Atom)
2 comments:
Why was this not discussed?
On March 21, 2011, the Governor signed SB 117 into law. This law over-rides our current CC&R’s to require a 100% vote to make any changes or adjustments. The law states that only 67% is required to make changes to the Association.
During the investigation of disbanding the HOA, it was found that we could not go down that path because a 100% approval vote was required. With the new law, only 67% of the home ownership is needed to vote in favor of disbanding the HOA to start going down that road.
I am hereby petitioning the Board of Director’s and the Management Company to put together a ballot and put the disbanding of the HOA back up for a vote. Since it is still early in the year, most of the money that was paid to the Association at the first of the year should still be in the general fund and could be used for purpose. It could also be used to retain a lawyer to start the paperwork should the community decide to disband the HOA.
The Board has sat silently since the end of 2010 when the bills/collection notices were mailed. It is time to wake them up and push them to action.
Shane Rasband
Send Email
http://lexingtonest.blogspot.com
"The moment we want to believe something, we suddenly see all of the arguments for it, and become blind to the arguments against it."
George Bernard Shaw
Why weren't the homeowners included?
Below are the minutes from the HOA Board Meeting on March 24th, 2011. Please take a minute to read them. As you do, remember that the common area is listed as the 10 foot easement behind 18 homes along 1300 North. There is not one dime assigned in the budget to take care of any other physical entity except for the property of the 18 homes. If you look at the budget now, the Net Income if over $18,000. That means that there is over $1,000 to maintain someone’s back 10 feet of their property.
There are also some items that need to be discussed but were not, I will put those comments here.
1. Why did the Board have a meeting without first notifying the homeowners about the meeting so that those who wanted to could attend?
m). All Board of Trustees meetings shall be open to all voting members. but attendees other than members of the Board of Trustees may not participate in any discussion or deliberation unless a majority of a quorum requests that they be granted permission to speak. In such case. the President may limit the time any such individual may speak.
The Board of Directors are in direct violation of the CC&R’s by not allowing the voting members to attend ALL Board of Trustees meetings. They have decided not to allow the homeowners to attend by not announcing when the meeting was to take place and where.
2. Why did they not discuss the new law that now requires 67% of the vote of the homeowners to pass items of the Association instead of the 100% as stated in the CC&R’s?
3. Why did they not discuss reopening the possibility of disbanding the HOA and putting it back to a vote of the members. If you notice, their meeting was on the 24th. I had notified the Board regarding the law going through congress, had posted it to the community blog, and the association blog before their meeting on the 24th.
4. Is there a conflict of interest between the Board of Directors and the disbanding of the Association.
Of the 4 members currently serving on the Board of Director’s (according to the meeting minutes), 2 of them own property along 1300 North. This association has taken care of their property for the past 2-3 years. Do you really thing that they have any interest in disbanding the Association? Heck no, they are getting a free ride at our expense.
The Board Members who own property along 1300 North are: Ed Takacs – President, Gene Cosper,
For those who are interested in the disbanding of the HOA, I would encourage you to contact the Board and let your thoughts known. Many of you have emailed me letting me know your opinion, which I do appreciate. I would ask that you also let the your Board of Director’s know your thoughts as well. They are the ones that have to get the ball rolling. Also remember that if the Board is not meeting your needs, you as homeowners can have a special election, vote them out, and get someone in there would will better represent.
This will be posted to the Community Blog where you can comment if feel so inclined.
Thank you for your time.
Shane Rasband
Post a Comment