RosellaP (New Mexico)
Posts: 1
Posts: 1
Posted:
I am a member of the above home owners association and I need answers.
Can our board members arbitrarily spend money to maintain the common space without notifying home owners on expenses and yet, raise dues without providing expense information, ie yearly treasury reports or expense activity/changes to home owners on said common space?
One meeting a year is held each year for elections of board members and the board members remain the same; there are 2 board member for nine residences.
Additionally, for the last ten years the bylaws have never been enforced on any level. Is this legal?
The president has virtually ignored my inquiries and only wants me to pay dues each month. I have no idea what the expenses are that require a raise in my association dues. $360 is collected each month, which amounts to the association collections 4320 per year.
Anxiously awaiting the opportunity to discuss these issues,
R Pena-Trujillo
Can our board members arbitrarily spend money to maintain the common space without notifying home owners on expenses and yet, raise dues without providing expense information, ie yearly treasury reports or expense activity/changes to home owners on said common space?
One meeting a year is held each year for elections of board members and the board members remain the same; there are 2 board member for nine residences.
Additionally, for the last ten years the bylaws have never been enforced on any level. Is this legal?
The president has virtually ignored my inquiries and only wants me to pay dues each month. I have no idea what the expenses are that require a raise in my association dues. $360 is collected each month, which amounts to the association collections 4320 per year.
Anxiously awaiting the opportunity to discuss these issues,
R Pena-Trujillo