From: bigjim@backpacker.com
Newsgroups: misc.consumers.house
Subject: Re: Homeowner's Association - Excess Funds
Date: 5 Jun 2006 11:32:46 -0700
posting-account=37psHg0AAACgV8fXfyR0YgioGr4UQ2d5
HOA will never lower fees. They are made of little people who get some
power and act as ridiculous as our leaders in DC with telling us what
to do. "You want to paint YOUR door green?" and crap like that means
never a HOA for me
Tracey wrote:
> "no_mo'_spam" wrote in message
> news:ai5682t18o3o4ifoiimottslhes7vlufa2@4ax.com...
> > Our HOA sold a small parcel of land back the city a few years ago for
> > about $45,000. This money has been sitting there ever since. What
> > would reasonable expectations be for the use of this money? I see no
> > point in it just sitting there.
> >
> > Any ideas?
>
>
> What do the HOA documents say? There may well be some sort of clause in the
> association paperwork that specifically states what constitutes 'excess'
> funds and what must be done in this situation. What has the Board said
> when you asked about this?
>
> Honestly, whatever any of us think is 'reasonable expectations for the use
> of this money' doesn't matter at all. What matters is what the bylaws and
> HOA attorney say.
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