DW10 (Colorado)
Posts: 4
Posts: 4
Posted:
We have an annual meeting-budget ratification meeting next week. The management company sent the Board members (I am one) a pdf file with the notice of annual meeting, proxy, agenda and proposed new budget. The copies that were sent out are different than the one's that were mailed to the Members.
President of the Board changed all of them to fit her desires.
Things like "Annual & Budget Ratification Meeting Notice" to "Annual Meeting Notice"
"Ratify the 2014\2015 budget" to "2014\2015 Budget" on the items to be discussed.
Who the proxies are granted to (the President instead of Vice President).
Proposed budget printed on the back side of the last page, where hopefully no on will see it.
Our Bylaws state that '...unless a majority of all Members reject the proposed budget, the proposed budget is ratified and becomes the approved budget of the Association'. It's pretty obvious that the Pres and Secretary are attempting to hide the fact that the Members CAN REJECT the proposed budget. Virtually all past annual meetings have been an 'Annual & Budget Ratification Meeting' boldly appearing on the Notices to the Members.
There is a small increase to the proposed budget which will try to be sold to the Membership as going all into Reserves. Our dues are already high for what we get from the BOD. Some are the same members that barely avoided recall in 2012 due to a $1000 special assesment (also defeated) due to the BOD rampantly spending nearly all Reserve funds on major items. None of them bothered to seek cheaper contractors or even knew they were spending more than double the cost for some major replacements until we were "broke".
Our President has no idea of the Bylaws, CCIOA act, non-profit corporation laws etc. and thinks that she can do anything she wants to without Board approval. Rarely any communication with most of the Board, no sharing of information with the rest, approval of repairs over $500 (management contract says anything over $500 must have Board approval), and many other things. Think Dictator.
Here is my question...if the proxies are not the exact, LEGAL NAME of our association, would that invalidate them?
Bylaws, Articles of Inorporation legal name of association is:
'The Palmtrees Townhomes'("Association")
'Palmtree Townhome Association' is on the Proxies & Notice (of course it's fake)
It seems minor but if it's a legal document that people will be using to elect Directors, approve budgets etc, I'd think the name would be exact. If what I am asking is correct, I plan to bring it up at the Annual meeting. Any thoughts?
Thanks, apologize for the long post.
President of the Board changed all of them to fit her desires.
Things like "Annual & Budget Ratification Meeting Notice" to "Annual Meeting Notice"
"Ratify the 2014\2015 budget" to "2014\2015 Budget" on the items to be discussed.
Who the proxies are granted to (the President instead of Vice President).
Proposed budget printed on the back side of the last page, where hopefully no on will see it.
Our Bylaws state that '...unless a majority of all Members reject the proposed budget, the proposed budget is ratified and becomes the approved budget of the Association'. It's pretty obvious that the Pres and Secretary are attempting to hide the fact that the Members CAN REJECT the proposed budget. Virtually all past annual meetings have been an 'Annual & Budget Ratification Meeting' boldly appearing on the Notices to the Members.
There is a small increase to the proposed budget which will try to be sold to the Membership as going all into Reserves. Our dues are already high for what we get from the BOD. Some are the same members that barely avoided recall in 2012 due to a $1000 special assesment (also defeated) due to the BOD rampantly spending nearly all Reserve funds on major items. None of them bothered to seek cheaper contractors or even knew they were spending more than double the cost for some major replacements until we were "broke".
Our President has no idea of the Bylaws, CCIOA act, non-profit corporation laws etc. and thinks that she can do anything she wants to without Board approval. Rarely any communication with most of the Board, no sharing of information with the rest, approval of repairs over $500 (management contract says anything over $500 must have Board approval), and many other things. Think Dictator.
Here is my question...if the proxies are not the exact, LEGAL NAME of our association, would that invalidate them?
Bylaws, Articles of Inorporation legal name of association is:
'The Palmtrees Townhomes'("Association")
'Palmtree Townhome Association' is on the Proxies & Notice (of course it's fake)
It seems minor but if it's a legal document that people will be using to elect Directors, approve budgets etc, I'd think the name would be exact. If what I am asking is correct, I plan to bring it up at the Annual meeting. Any thoughts?
Thanks, apologize for the long post.