Condo Association Management Blog

Any public agency to help regulate condo association reserve funding?

  

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I have written a letter, May 20 2010 to requesting the annual meeting of my condo association to reconvene in order to take a vote as to whether the condo association wanted to continue present levels of reserve funding (Ohio Code 5311.081) For the past three years the Condominium membership has neither had the opportunity to vote on this condo reserve nor has been presented with a reserve study to disclose and ascertain appropriate reserve funding. Discussion is forbidden and any attempt to engage discourse during annual meetings is met with implied threats of arrest and/or removal from the community meeting by hired off-duty policemen.

In addition to sending each board member the May 2010 letter, I have attempted to post my letter on the condominiums community bulletin board on three (3) separate occasions: May 26, May 29, and June 2, 2010. On each occasion, the letter was taken down in just a matter of hours. To date, I have neither received affirmation of receiving my correspondence nor the granting of my request to reconvene the 2010 annual meeting. I have written to the Ohio Attorney General to registered a complaint however, they suggested I contact my own lawyer. Is there a public agency that can help me with this problem......we reserve 60% of our monthly dues and have well over $56,000 dollars in the reserve and our condo is only 7 years old with only 22 units....I feel the dues are too high and we are reserving too much money