Originally posted 12/7/22
I heard that the Board has outrageously priced bids to have work done!
The Board did indeed receive some outrageous bids and we were as shocked as the rest of you. But the Board has not approved or accepted any of the bids that were received, nor scheduled any of that work. Instead, we have been soliciting additional bids until we can find a company with a good price and a good product. We are also only looking at licensed, insured and bonded contractors for work that is done at Seaview.
I heard there was a Board Takeover. How did the current Board get elected?
Each Board Member’s term is for 2 years (Article IV, Section 3). Elections are held at the Annual meeting and members are elected by a vote of the unit owners (Article III, Section 6 and Article IV, Section 3). Any Board Member whose term is expiring- if they wish to run for another term, they need to put their name on the ballot. If their name is not on the ballot, they can not be voted in for another term.
At our most recent election in June, a notice went out to all unit owners on March 19th asking for nominations to the Board. Everyone who was interested in joining the Board submitted a ‘resume’ outlining their reasons for wanting to join. The ‘resumes’ for the nominees can be found here.
None of the previous Board Members wished to have their name on the ballot to be re-elected, which is why there was a full turnover. It was not a takeover. In case there is any further confusion, here is Bill’s resignation as Chairman.
If a Board member resigns (outside of a Special Meeting) then that vacancy is filled by a vote of the remaining directors, even if there is only a sole director left (Article IV, Section 4). The next election will be June 2024. No Board members my opt to just stay on the Board past their expiration- all Board Members MUST be elected.
Why were all the Fractional Accounts separated out into their own Bank Accounts?
This was recommended to us many times over the years. It’s not a good idea to co-mingle funds between units. Each Fractional Unit should have their own separate account for only their funds, to prevent accidental over-drawing by a different unit.
I hear that the Board’s decision to separate our Fractional accounts into separate accounts now has us all paying service fees!
Not exactly. In order to be charged the $16 service fee, 4 of our accounts must have a balance of less than $5,000. Since the majority of the Fractional accounts carry a balance above that, the chance of being charged a service fee is quite small and it would only be billed to those accounts that are affected.
I hear that the Board is planning a revision to the ByLaws to allow short term renting.
The ByLaws committee will be the ones who address that sometime in the future. At that point, they will seek feedback from the community to determine the association’s preference, and then propose clear undeniable language to be included in the ByLaws revision that will either prohibit short term renting or allow it, based on ownership vote. But again, that is not a topic that the Board has been discussing and is not anything on the the ByLaw committee’s radar. If you want to assist with the ByLaws revision, please join the ByLaws Committee.