Board Meeting of the Silver Springs Single Family HOA  has been changed to reflect the following:

Monday, April 12th, 6:30 PM to 7:30 PM at Parleys Park Elementary School Library.
On Monday, April 12 at 6:30 PM a regular meeting of the Board of Trustees will convene in the Library of Parleys Park Elementary School. General members are welcome to attend.

POSSIBLE AGENDA:

1- General Members request bookkeeper NOT to pay MA annual assessment:
200% increase in 2010 = 189 members X $357 = $67,473.

SSSFHOA 1994 CCRs require that all “special assessments” need to be brought to vote of majority of Members.
1994 CCRs Article V Section 4. Special Assessments for Capital Improvements. In addition to the regular assessments authorized above, the Association may levy special assessment for the purpose of defraying, in whole or in part, the costs of any construction or reconstruction, repair or replacement of a capital improvement upon the common area, including fixtures and personal property related thereto, or costs incurred for any other Association purpose, provided that any such assessment shall have the assent of a majority of the membership entitled to vote at a meeting duly called for this purpose. Written notice of such meeting shall be sent to all members not less than ten (10) calendar days not more than thirty (30) calendar days in advance of the meeting.

2- MA only responsibility is to Common Areas:
– MA using General Members assessments for Meadow Springs private tennis court repair and maintenance. For continually increasing office and manager costs.  For repair and maintenance of Little Lake which is in effect privatized.  For exorbitant Legal Fees projected to be $24,000 in 2010.

3- Discuss that MA was never legally formed, has no vested authority to make assessments on property owners. Improperly managed.

4- General Members request SSSFHOA to resign participation in MA.

5- Amendments to Bylaws and CCRs to place cap on SSSF board expenditures unless preapproved at Annual Member meeting.

6- Amendment to Bylaws that all elections and business must have at minimum a 66 2/3% participation vote, either in person or by proxy.  Rewrite Article III, Section 5 Quorum:  ” …In the absence of a quorum, the meeting shall be reconvened within 30 days, allowing Members at least two (2) weeks notice of meeting and providing proxy forms, at which time it shall reconvene and any number of a 66 2/3% vote of Members in good standing at such subsequent meeting, in person or by Proxy’ shall constitute a quorum.”

7- Amendment to CCRs Article VI Section. Delinquent Assessments:

The following to be deleted from the SSSFHOA CCRs: “Section l. Delinquency. Any assessment provided for in this Declaration, which is not paid when due, shall be delinquent. With respect to each assessment not paid within fifteen (15) days after its due date, to the Association may, at its election, require the owner to pay a “late charge” in the sum to be determined by the Association but not to exceed $10.00 per each delinquent assessment.  If any such assessment is not paid within thirty (30) days after the delinquency date, the assessment shall bear interest from the date of delinquency at the rate of eighteen percent (18%) per annum, and the Association may, at its option, bring an action of law against any person obligated to pay the same ,or, upon compliance with the notice provisions set forth in Section 2 hereof, to foreclose the lien (provided for in Section I of Article V hereof) against the Lot and there shall be added to the amount of such assessment the late charge, interest and all costs of collecting the same, including a reasonable attorney’s fee, whether incurred by filing suit or not.

Each owner vests in the Association or its assigns, the right and power to bring all actions at law or in equity or lien foreclosure against all properties for the collection of such delinquent assessments.