Guest JOHN RIZZO Posted June 11, 2014 at 04:07 PM Report Share Posted June 11, 2014 at 04:07 PM hello all if a board decides they want to o a project for about 160,000,00 can they are only authorized up to 5,000.00 but there is around 70,000.oo in reserves toward what they are trying to do and need approx. another 70.000.00 do they need a 2/3 vote by the homeowners to use our money or do they need a mailed homeowners vote to go after the 70.000.00 .our property manager said they do not need a vote because it is costing to much to repair every time ,but would like to know if they do need that 2/3 vote and not just take the money ,we are a single family developemnet in collier cty Link to comment Share on other sites More sharing options...
Gary Novosielski Posted June 11, 2014 at 04:14 PM Report Share Posted June 11, 2014 at 04:14 PM The answer to your question is not going to be found among the rules in RONR. All these requirements you mention, if any, would be found in your own local bylaws, charter, or other founding documents of your corporation, or in state statutes or regulations. They all concern your own financial rules, not anything related to parliamentary procedure. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.