The roofs are old so I am thinking that should have been in the budget as it was (400+ per month),
There was nothing that looked like a real emergency situation that would cost that much.
Got to go through all of this but there was no meeting no nothing just a notice we had to pay this by July etc…
Seems kind of arbitrary and made up.[/quote]
There should be some sort of accounting for it and what it is to be used for. There should also be yearly budget reports sent to all the residents – per California code (Davis Stirling Act placed it in California Civil Code) section 5300 and 4525(a)(4) – see also section 4530(a) involving required requests of the HOA for documents by any of the homeowners. 5300(a)(5) refs special assessments; should be on the annual budget that is sent out. Also check section 5605 – prerequisites to levying assessment increases and special assessments. 5605(b) shows vote is required on greater than 5% special assessment. 5605(c) indicates that a quorum is required on vote.
–Just pointing out things to look at in Davis Stirling.
