I live in a condominium complex in Illinois. There have been recently concerns
and issues regarding our HOA board's compensation and expenditures. In
accordance to our Articles of Incorporation, it states that "no director shall
be compensated by the Condominium Association for services rendered to the
Condominium Association, except as expressly provided in a resolution duly
adopted by the voting members". Can you please interpret this for me?
We have
three condo associations on our property, and the HOA board presidents like to have their
meetings at restaurants, or bring in food and refreshments at their meetings,
while discussing board issues. Are the HOA meetings that our board members have
among themselves, considered services and duties of their office? Can they be
compensated for holding these meetings?
Can you please explaing what CCRs are?
And what impact they may have on how a board conducts their business? Thank you.
Looking forward to your response.
