EricB13 (Illinois)
Posts: 29
Posts: 29
Posted:
We are looking to make a change to our declaration document and the revision section states:
"This Declaration may be changed, modified, or rescinded by an instrument in writing, setting forth such change, modification or rescission, signed and acknowledged by the President or a Vice-President of the Association, and approved by the Owners having two-thirds (2/3) or more of the total votes for each class of voting membership then in existence, after notice and a meeting of the Members has been held for such vote."
We are a fully built out community of 600 homes so we were always told that to get any changes done, it would have to pass with at least 400 yes votes once ballots are sent out.
I feel like the last part of the revision language outlines this process as needing to hold a meeting of the members. The bylaws outline that a quorum of a meeting of the members is 20% of homes.
So in this case, 20% of 600 is 120 needed to hold quorum and then we would need 2/3 of 120 at a minimum to pass changes.
Thoughts?
"This Declaration may be changed, modified, or rescinded by an instrument in writing, setting forth such change, modification or rescission, signed and acknowledged by the President or a Vice-President of the Association, and approved by the Owners having two-thirds (2/3) or more of the total votes for each class of voting membership then in existence, after notice and a meeting of the Members has been held for such vote."
We are a fully built out community of 600 homes so we were always told that to get any changes done, it would have to pass with at least 400 yes votes once ballots are sent out.
I feel like the last part of the revision language outlines this process as needing to hold a meeting of the members. The bylaws outline that a quorum of a meeting of the members is 20% of homes.
So in this case, 20% of 600 is 120 needed to hold quorum and then we would need 2/3 of 120 at a minimum to pass changes.
Thoughts?