Special Assesment Failed - Board Raises Dues

Started by MikeW16 • 6 replies • 1356 views

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MikeW16 (Michigan)
Posts: 14

Posted:

Hi - Our board recently presented a special assessment request to drain our cash surplus to fix some nearly perfect roads. It was voted down. Now, our board has now raised the assn dues to make up for this.

Can they do this? What's the point of a special assessment if they can just raise our dues to fix the roads we voted down?

MelissaP1 (Alabama)
Posts: 13,836

Posted:

The board can typically raise dues by a vote up to 5 - 6 % annually. Depends on what your rules say. Otherwise, above that it takes a membership vote. It's similar to a special assessment but involves a dues raise instead of a lump sum.

What is the issue about the roads that it was voted down? Was it that the board requested a special assessment or that there was work to be done wasn't proven? We had a pool project in my HOA the new board came up with. I disagreed with the costs and work detail. We did have a problem with sharp edges on the pool's bottom. However, they wanted to resurface the whole pool and area. The repair that I felt should be done was to knock down those edges and do smaller project. Which would NOT have required a big assessment. I got a counter bid and a group of supporters to counter their plan. So if you don't agree, then get something to prove your point and present it. Make it an educated choice if you feel so strongly against the issue.

Former HOA President

MarkM31 (Washington)
Posts: 351

Posted:

Double thread. This is where most of the traffic is:
http://www.hoatalk.com/Forum/tabid/55/forumid/1/postid/207117/view/topic/Default.aspx

MikeW16 (Michigan)
Posts: 14

Posted:

Thanks!

MikeW16 (Michigan)
Posts: 14

Posted:

Thanks!

MarkM31 (Washington)
Posts: 351

Posted:

You have the touch

MarkM31 (Washington)
Posts: 351

Posted:

You have the touch

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