ScottR9 (Kentucky)
Posts: 3
Posts: 3
Posted:
New President here - yeah what a smart thing to do!
Ok we have 195 residents and over 50 acres of common area including a lake.
Reviewing the common area plat, we found 9 residents who have built a structure (pool, deck, shed, fence) up to 25 feet onto the common area behind their homes.
Obviously our bylaws and common sense prohibit this.
We have discussed with our insurance company and they advised that we have liability for that structure since it resides on land controlled by the HOA corporation.
Our board is split-
1. Remove the structures
2. Sell the the additional land ( which we certainly can do)
Even in discussions on selling it, the board argues. Some want to make them a deal way under market and others want to use the PVA value per square foot.
I do not want to reward bad behavior and feel they should remove the structure or pay PVA rates.
Suggestions?
Ok we have 195 residents and over 50 acres of common area including a lake.
Reviewing the common area plat, we found 9 residents who have built a structure (pool, deck, shed, fence) up to 25 feet onto the common area behind their homes.
Obviously our bylaws and common sense prohibit this.
We have discussed with our insurance company and they advised that we have liability for that structure since it resides on land controlled by the HOA corporation.
Our board is split-
1. Remove the structures
2. Sell the the additional land ( which we certainly can do)
Even in discussions on selling it, the board argues. Some want to make them a deal way under market and others want to use the PVA value per square foot.
I do not want to reward bad behavior and feel they should remove the structure or pay PVA rates.
Suggestions?