CherieR (California)
Posts: 1
Posts: 1
Posted:
I need help. Our building were built in 1965. The exterior of the buildings are in bad need of paint and repair. The Board and the Exterior Modification Committee did a wonderful job of putting together several options to paint, repair and exterior modifications. They had an open house for all the residents to view the various options. They included the potential cost for each option, financing possibilities and property appreciation. The majority of the residents voted for one of the options. The Committe is now obtaining 3 bids from contractors to proceed with the majority vote. It is time for re-elections and 4 residents (2 existing Board Members) have sent several incorrect letters to all the residents about the exterior renovations. They are presenting that all work should be done out of reserves over a 4 to 7 year span. Our reserves are funded at 44%. The building are in desperate need of paint. If the majority of the residents voted for an option, what authority does the new board have in changing a majority vote. Also, can residents sue the HOA and the board for lack of maintenance and devaluation of property?
Thanks.
Cherie
Thanks.
Cherie