TamH (California)
Posts: 30
Posts: 30
Posted:
Please keep in mind that this is a HOA in Idaho…
We have land in Idaho that is governed by a HOA that is run by the homeowners that are voted into office. No property management. Idaho has no HOA Statutes and is a nonprofit corporation.
The HOA sent out a ballot to vote to have the roads done and a unsecured loan. The one vote was for the roads to be chipped and sealed saying that no assessments would be required and the yearly dues will stay the same. The second vote was for an unsecured loan to pay the contractor that is doing the roads and said the budget for the next 5 years will pay for the $138,000.00 loan.
The HOA BOD started the road work before the ballot was counted and now I am receiving emails that the President is going to use common ground for the loan. That would not make it an unsecured loan.
We were told that the ballot did not pass when counted by a 2/3 vote…the secretary validated the “NO” vote and certified it. The next day the BOD had a recount and said that it all passed.
My question is…shouldn’t the vote be retaken, for the roads and if the ballot states that it is for a “unsecured loan” and President is now making it a secured loan with common ground? Are lot owners and homeowners supposed to be notified about the loan and a new ballot should be issued for a secured loan and the roads?
What ercourse would the community have?
Tam
We have land in Idaho that is governed by a HOA that is run by the homeowners that are voted into office. No property management. Idaho has no HOA Statutes and is a nonprofit corporation.
The HOA sent out a ballot to vote to have the roads done and a unsecured loan. The one vote was for the roads to be chipped and sealed saying that no assessments would be required and the yearly dues will stay the same. The second vote was for an unsecured loan to pay the contractor that is doing the roads and said the budget for the next 5 years will pay for the $138,000.00 loan.
The HOA BOD started the road work before the ballot was counted and now I am receiving emails that the President is going to use common ground for the loan. That would not make it an unsecured loan.
We were told that the ballot did not pass when counted by a 2/3 vote…the secretary validated the “NO” vote and certified it. The next day the BOD had a recount and said that it all passed.
My question is…shouldn’t the vote be retaken, for the roads and if the ballot states that it is for a “unsecured loan” and President is now making it a secured loan with common ground? Are lot owners and homeowners supposed to be notified about the loan and a new ballot should be issued for a secured loan and the roads?
What ercourse would the community have?
Tam