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Posted By LauraG1 on 08/29/2007 6:26 AM
In my Florida development, the president of our HOA sent to all of us an email stating that" board members have the final decision on building a wall to close one entrance to the development at a cost of $70,000!" He refuses to have the closing of the entrance and cost issues submitted to a referendum! We will be assessed about $2,000 one time payment. Is it it an abuse of power? I do not have $2000. What are my rights? The policy in our convenants are loose and foggy concerning decisions made by board members.Please help. Thank you.
Check your by-laws for a specific amount that the board can spend on capitol improvements. Usually $10,000 to 20,000.
There can be no special assessments in FL unless:
The board first has to hold a special meeting for the assessment only. The meeting has to be posted at least 14 days before with the aganda item of assessment only. A budget for the project has to be presented to the members at the meeting.
If the board cannot spend $70K, as per your doc's, then it has to go to the members for a vote. 2/3 of the community.
You can find the assessment rule in FL statue 720.