Dear Fellow Homeowners,
You will or have received an email from *** ***** rebutting the information in ******* email. I will address his comments. First of all, ******* was acting as an individual owner and not as the communication committee. In the packet, the addition in Exhibit A states a “ a majority of those Voting Interests present, in person or by proxy, at a duly called meeting of the Association at which a quorum is attained, provided that the text of each proposed amendment has been given to the members with notice of the meeting.”
The original documents stated two thirds of the voting interests in the Association. The new addition states a Majority. *** states that Board proposed this amendment to the Declarations which would call for a 50% vote of the 80 unit owners needed for a quorum to pass a change. That is 40 owners out of 240 making decisions for you.
When Island Cove began, the original documents and declarations were written by people with experience in the condominium field. These documents were written to protect you and future generations of owners from unnecessary abuses of funds and power. Please vote against this for the protection of all concerned.
The letter in the packet from *** ***** states that the majority of the board recommends this. I for one am not part of this majority. I strongly believe that a yes vote would harm our way of life now and in the future. This could end up costing us in the form of major assessments on products or services that we do not want nor need. All of this, because a small majority was able to push something through.
This change to the voting majority would be permanent and could virtually put the power in the hands of a few. I do not believe this change would be good for the owners.
The second issue that I have is the one asking to vote to forego and audit in 2017. This just does not make any sense. We must know that our accounting practices are in keeping with our fiduciary responsibility.
Regarding the $5000, in **** letter he states “I don’t know where this information came from,” I refute this as I am in possession of an email from our former accountant stating the exact facts that ****** presented . It is a sad state of affairs that out present president does not have knowledge of this information and he is asking to forgo an audit?
I am running for the board of directors and I would very much appreciate your vote. Two other owners that are running are***** ****** and *** ******. I have worked well with ****on the board. I know *** ****** and he has had experience with budgeting and as a board member of two HOA’s. I feel he would be an asset to our board. Thank you for your support.
Sincerely,
**** ******
The original documents stated two thirds of the voting interests in the Association. The new addition states a Majority. *** states that Board proposed this amendment to the Declarations which would call for a 50% vote of the 80 unit owners needed for a quorum to pass a change. That is 40 owners out of 240 making decisions for you.
When Island Cove began, the original documents and declarations were written by people with experience in the condominium field. These documents were written to protect you and future generations of owners from unnecessary abuses of funds and power. Please vote against this for the protection of all concerned.
The letter in the packet from *** ***** states that the majority of the board recommends this. I for one am not part of this majority. I strongly believe that a yes vote would harm our way of life now and in the future. This could end up costing us in the form of major assessments on products or services that we do not want nor need. All of this, because a small majority was able to push something through.
This change to the voting majority would be permanent and could virtually put the power in the hands of a few. I do not believe this change would be good for the owners.
The second issue that I have is the one asking to vote to forego and audit in 2017. This just does not make any sense. We must know that our accounting practices are in keeping with our fiduciary responsibility.
Regarding the $5000, in **** letter he states “I don’t know where this information came from,” I refute this as I am in possession of an email from our former accountant stating the exact facts that ****** presented . It is a sad state of affairs that out present president does not have knowledge of this information and he is asking to forgo an audit?
I am running for the board of directors and I would very much appreciate your vote. Two other owners that are running are***** ****** and *** ******. I have worked well with ****on the board. I know *** ****** and he has had experience with budgeting and as a board member of two HOA’s. I feel he would be an asset to our board. Thank you for your support.
Sincerely,
**** ******
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