Can you please tell me, under what section of your
bylaws, specifically; where does the
homeowner association have the right to charge $300.00 new homeowner fee, and how that can be used to fund a reserve of the association? I read your minutes from:
Walton Meadows Homeowner Association's Board Meeting Under : V. New Business 5. A proposal was made to make new homeowners pay an upfront fee of $300 to build reserves. The motion was made by Kim Johnson. 2nd by Greg Wheeler. The motion was carried. But could not find any supporting documentation regarding a
reserve, or how the reserve is supposed to be funded, the amount of the reserve, and current status of the reserve, and how the reserve is to be used. What accounting methods are used for your yearly audit, and where are the documents kept for review? I have not received a response from the board of directors. Where do we go from here?
