Quote:
Posted By MicheleD on 09/03/2007 5:20 PM
I dunno what to think about this one. 370 residents?? We have about 275, and they don't get to vote on laptop purchase. The board does. In fact, our members really don't get to "vote" on any capital expense. The BOD does because they were elected to operate the HOA on a day-to-day basis, including handling a variety of questions such as capital expenses.
If the capital expense gets to the point that a special assessment would be needed, we would most likely put that discussion out there at a meeting and obtain input from the homeowners.
Our governing documents do not require us to put such business before the homeowners for a vote, only deed restriction changes or by-law changes, or BOD elections.
Michele:
I agree with you, the only thing I don't like is the purchase was not talked about and approved in an open meeting. that is where all business should take place.