This was the covered topic for our Monday, August 17 (changed from the 10th), meeting:
- What is the real Health Plan that is in Congress? Will it benefit us when it is passed? [sic]
I inquired with Lynn about when the homeowners would take control of the HOA. She replied as follows:
The governing documents do specify that the developer will lose 2 positions on the Board at the annual meeting following reaching 75% of the lots authorized in the tentative subdivision map being closed. Based on sales projections that I have been given by the developer that will not happen before the 2009 annual meeting but may happen prior to the 2010 annual meeting. I will be writing an article soon discussing the upcoming annual meeting as well as how all of this works as we progress from a majority of developer members on the board to a majority of homeowner members on the board.
And in the news ... some developers have walked away from their developments before completion. How has that affected the homeowners therein?
I gave an update from resident Don Hauser about a/c problems; see my updated entry for
our June 26 meeting. As regards such problems elsewhere, you might wish to look at
this anecdotal site.