Permission granted for Management Committee to hire a Professional Management Company to assist them.
- Expected cost $10-$15 per month per condominium.
- Expected to be managed within the current budget without increasing fees.
Current Rule Transfer fee of $300 upon sale of a condominium to be replaced by a Reinvestment fee (legally up to 0.5% of sale) to go to the HOA general fund.
Management Committee terms of service in Bylaws reduced from three to two years.
Annual HOA Management Committee elections changed in Bylaws
- Voting: 1st Monday & Tuesday of December
- Terms of office to begin on following 1 January
- The Annual HOA meeting will remain on the 3rd Tuesday of January.