MarinaD (Georgia)
Posts: 1
Posts: 1
Posted:
We live in Alpharetta, GA in a subdivision of 31 homes. The developer filed a CCR with Fulton county in 1992 which states that there is an association and all owners are automatically part of the association. The developer retained control until he owned no more lots in the subdivision. In 1998, a non profit corporate entity was formed and officially filed with the Secretary of State by an attorney. At that time 3 people were appointed to comprise the Board of Directors and the same individuals were appointed President, Secretary, and Treasurer. The only thing the HOA needs to take care of is the front entrance - which officially belongs to the 2 front lots - but we would like to share the expense of the upkeep. We have never been able to get a quorum on any decision, so about 1/2 of the owners contribute money and help out. We informally take a collection to pay for the upkeep of this small tract of land. The HOA has never established the assessment amount so there have never been any liens put on properties to collect. But the time has come when all those who have contributed are tired of paying for all those who have not - so we would like to pick up where things were left off and formally set the assessment. My questions are:
Our by-laws indicate that the board can set the assessment amount - can this be done by the present board on record even if no meetings or elections have taken place in the last 8 years?
Obviously, since we are such a small community with no common amenities, we would like to keep our expenses to a minimum while at the same time making sure that we do everything by the book to avoid any repercussions. Please advise of any steps we need to make sure we take or items we need to file. Should we look into being a POA? Is this costly?
Thanks for any help you can give.
M. B. D.
Our by-laws indicate that the board can set the assessment amount - can this be done by the present board on record even if no meetings or elections have taken place in the last 8 years?
Obviously, since we are such a small community with no common amenities, we would like to keep our expenses to a minimum while at the same time making sure that we do everything by the book to avoid any repercussions. Please advise of any steps we need to make sure we take or items we need to file. Should we look into being a POA? Is this costly?
Thanks for any help you can give.
M. B. D.