JA1 (Colorado)
Posts: 3
Posts: 3
Posted:
What happens when a voluntary HOA collapses? HOA's been in trouble for a long time. It is slowly collapsing in on itself. A little history. Less than a year ago, the then current BOD all resigned at the same time due to being called out for inappropriate behavior. New officers/members were found although most of them really did not want the positions. They just stepped up to the plate because it was needed and absolutely no one else would volunteer. Prior board refused to assist in transitions. Basically dropped a box of papers off and said "here you go". Difficult situation and possible things have gone from bad to worse. New president resigned after a few weeks. New VP became VP and acting President. They think their position give them total control and blanket abilities to say yes or no about anything they personally do not want or agree with. Only 3% of the development has housing or a structure built. A wilderness area that allows hunting, camping, permanent or part time living in permanent structures. The VP/acting Pres. has decided that inspite of local and state laws, they don't like hunting and camping and is making noise about using hiring an attorney to make exclusions for just our development. Basically deciding to speak for all the property owners without their knowledge or consent. Board members are resigning and there are not enough left for a quorum vote about anything. By-Laws state 4 members must be present for a quorum. If someone asked about hunting or camping they are told it is not legal or allowed which is not correct. The HOA should be disbanded and land use left up to the County, whose regulations the development follow anyway. Ideas or information anyone??