Quote:
Posted By KellyP6 on 05/10/2016 5:12 PM
Our current BOD has elected to resign with no reason given.
That happened with my association, too. We have a development that consists of large (36 acres and larger) undeveloped lots. Under the terms of the CC&R's it was not clear exactly when the developer had to turn the association over to the owners but at one point they had sold most of the lots and the board members, all appointed by the developer, resigned. After the property owners took over, the developer periodically added more lots to the development. To this day, I believe the developers have a substantial number of unsold lots.
This does not really answer your questions but it does demonstrate that yours is not the only development where the declarant-appointed board resigned as a means of transferring control to the homeowners.
BTW, to the best of my knowledge there were never any annual meetings or elections for anything during the six years the developer ran the association. Since then they have never participated in any elections or cast any ballots.
One angle you might look into is whether any deeds have been recorded on any of the unsold lots. Developers often do not own the land they sell; they operate under a trust agreement with the actual property owner and deeds do not get issued until a lot is sold. If those 500 lots have not been sold and do not have deeds recorded then I would not include them in any computations for either a quorum or a majority. Treat those lots as if they do not exist until a deed is recorded.