Quote:
Posted By KerryL1 on 08/21/2018 12:01 PM
Richard, your desire to try to give everyone who reads this info about my HOA is sleazy. IF, you're right, and I never wrote 211 units as it's not the size of my HOA I would not be able to seek any advice from this forum about certain matters. I cannot give any further info about my HOA since you'll be pathetically desperate to find out its location. WHY do you care about any details of my HOA? Creeeepy, brrr!
This doesn't even make sense, Richard: "Calculating residential is pretty basis and used in other HOA's, pretty cut and dry [sic]. The other three are just numbers on a spreadsheet, but require the use of the Condo Plan." Whatever it means, our Condo Plan gives us no guidance whatsoever re: dues splits. Instead, we must turn to the original DRE budget. 2nd there is more than one residential area in our operating budget and reserves.
Our Board has no policy about any parliamentary procedures though a system is required by our bylaws for Members (homeowners) Meetings. We DO rely of RONR for occasional topics like motions to reconsider a decision previously made or motions made to rescind decisions previously made.
We do NOT know if Myron's HOA, remember this is about HIS HOA, has any requirements about the president voting. As we can easily see, PaaN's board doesn't allow the prez to vote except in a tie. don't know if it's s just a longterm practice, in their bylaws, or a board resolution.
My apologizes as this not being your HOA. In a similar HOA, which has many of the same characteristics, and in their documents, the assessment is based on variable costs, such as insurance, water and gas plus common area costs such as landscaping, admin costs, swimming pool, etc. So they add the three budgeted variable annual costs. Then you divide the square footage by the variable cost and then divide by 12. This give you a percentage to multiple against the variable cost. The fixed costs would be the complete expense less the variable costs divided by 12 and then divided by the number of units. That would be the cost each owner would paid uniformly.
For example:
Annual Budgeted expenses, $3,000,000.00
Variable Expenses, $500,000.00
Square Footage of unit 1156
Variable percentage: 0.000192667
Variable Cost: $96.33
Fixed Cost: $987.36
Total Assessment: $1083.69
The actual square footage should be derived from the Condo Plan as public record may not have the correct numbers.
This particular HOA then has a Commercial Condominium Owners Allowable Share which will use information from the DRE Budget and the Condo Plan as it relates to the Grid Areas.
They also have a Tower Special Benefits Area Component and a Commercial Special Benefits Area Component, which I am guessing comes from the Condo plan.
It all boils down as just numbers on a spreadsheet.
I'll leave it as it is.