Quote:
Posted By AlexL1 on 03/13/2009 7:42 PM
What are HOAs doing to send out notices (or whatever) to alert owners/residents that the Board of Directors is taking all steps necessary to cut costs during these difficult times and urge owners/residents to use constraint in making demands that results in large expenditures that, in reality, are not necessary????
Alex,
Frankly I don't think it's the BOD's resp.-- or even their right! -- to caution their members to "use constraint in making demands that results in large expenditures that, in reality, are not necessary"! Frankly, I would be quite offended if I received such a message from my BOD. The assn BOD has no knowledge of their members financial position and shouldn't. All they need to be concerned about regarding the members is that they pay their assessments on time. As for the finances of the assn, if the assn is experiencing difficulties they should, of course, inform the members if drastic measures are required, such as a special assessment. Otherwise, it's business as usual.