Quote:
Posted By GretchenB1 on 07/28/2009 9:33 PM
We asked how the board was voted in and we were told that by combining the meetings (which we did not know happened) and some proxy votes (which we also did not know about) the board was elected and voted in. It is my understanding that they have to have proof of this, correct? They have to be able to prove that they had 2/3 majority? I don't think they do as the entire street that I live on did not vote or attend a meeting as none of us knew they were happening.
The board is being VERY secretive. They refused to allow us any budget information, they just said simply "we are out of money for the year". When asked where the money went they informed us that they do not have to disclose that information until the annual meeting. They also said that the annual meeting is the only one that anyone other than board members needs to attend. They acted very defensive that we were there tonight. I am not sure where to go from here, but feel that more information needs to be shared by the board. Besides the fact that it seems impossible to get things "approved by the board" when we do not know who the board is! By law do they have to disclose their names?
Yes, they have to make records available on reasonable request and within no more than 30 days of written request (see subsection 4), and those records have to include the names and business or home addresses of each director and officer. See section 317 of the Colorado Common Interest Ownership Act, which reads in part:
"(2) (a) Except as otherwise provided in paragraph (b) of this subsection (2), all financial and other records shall be made reasonably available for examination and copying by any unit owner and such owner's authorized agents.
(b) (I) Notwithstanding paragraph (a) of this subsection (2), a membership list or any part thereof may not be obtained or used by any person for any purpose unrelated to a unit owner's interest as a unit owner without consent of the executive board....", and
"(5) In addition to the records specified in subsection (1) of this section, the association shall keep a copy of each of the following records at its principal office:
(a) Its articles of incorporation, if it is a corporation, or the corresponding organizational documents if it is another form of entity;
(b) The declaration;
(c) The covenants;
(d) Its bylaws;
(e) Resolutions adopted by its executive board relating to the characteristics, qualifications, rights, limitations, and obligations of unit owners or any class or category of unit owners;
(f) The minutes of all unit owners' meetings, and records of all action taken by unit owners without a meeting, for the past three years;
(g) All written communications within the past three years to unit owners generally as unit owners;
(h) A list of the names and business or home addresses of its current directors and officers;
(i) Its most recent annual report, if any; and
(j) All financial audits or reviews conducted pursuant to section 38-33.3-303 (4) (b) during the immediately preceding three years."
Thus,, while public disclosure of the names of the directors is not directly required, the names of the directors must be provided in response to a request under the law, so long as the request is made in good faith and for a proper purpose. There may be other laws that require filing of directors names, and perhaps someone from Colorado can point to these, if applicable. (In Virginia, for example, filing of a report with the Virginia Common Interest Community Board is required, which names each of the directors, but I don't know if Colorado has a similar requirement).
It sounds like their election can be challenged, if no one on your street received notice of the annual meeting at which the directors were elected. A review of the minutes should show whether notice was sent to the members.
I suggest that the first step is to request a copy of all records covered by subsections (f), (g), (h), and (j).