“Special Assessments. In addition to the Annual Assessments authorized above, the Association may levy, in any assessment year, special assessments applicable to that year only for the purpose of defraying, in whole or in part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Areas, including fixtures and personal property related thereto, and/or for any other purpose deemed necessary by the Board, including to fund a deficit in the annual budget, provided that any such assessment shall have the assent of two-thirds (2/3) of the members of the Board of Directors”
Our upcoming Home Owner’s Association (HOA) annual meeting is going to be difficult, to say the least. That proposed change above takes away home owners’ financial decision making, and places it solely on the Board of Directors. A no-no, in my opinion.
me politics random