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Colbyt
 
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Default How to stop an HOA from blowing a quater million bucks


"Larry Bud" wrote in message
oups.com...
Got a letter today from the VP of the Management for our site condos
today. Almost every year we have to patch about 1/2 mile or so of road
from pot holes. The roads are not heavily travelled, and only used by
our sub, and while the pot holes were a nuisance, the road is only 15
mph.

The letter states that the board had conferred with several asphalt
contrators who have concluded that the road was "originally installed
an an incorrect pitch with much of the base comprised of grey wet
clay". The board had decided to tear out a good portion of the road,
and the estimated cost was $225,000. Our dues are to go up from
$75/month to almost $300 from jan to apr, then back down to $80 after
that.

What can be done to stop this? I find it ridiculous that even if there
is an underlying problem, the cost to repair the road this year was
$5500. At that rate, we could repair the road for 41 years for the
cost of replacement. This even assumes that the new road wouldn't even
have to have repairs in that time, which is probably impossible.


Other have said something like this. I will try to say it clearer.

You need to check your bylaws. What the board is suggesting comes under the
term capital expenditures. In my HOA the board is authorized to contract for
normal expenditures already approved and to raise the HOA fee IF necessary
to cover those expenses.

Capital expenditures for new projects requires a 75% majority vote of the
entire association or a simple majority where 60% of the members are
attending the meeting. The easiest way to vote against a popular concept is
to not attend. It is real hard for them to bet 60% of the owners in one
place at one time. (BG)

Again it all comes down to what your bylaws say.

Colbyt