Quote:
Originally Posted by 20yrsinBranson
The HOA does not have the power to unilaterally make agreements with the water company unless it is specifically stated as such in the Bylaws, and or CC&Rs of the property.
The board needs to call a general meeting of all of the members and put this to a vote. The HOA is not in charge of the subdivision, the HOA works for the residents and they have the final say in all this.
20yrsinBranson
|
If that were true, nothing would ever get done in an HOA. An HOA Board has the authority to enter into contracts without putting it out to a resident vote. That's why the residents have elected them to the Board.
As for the original question, if the finances are in such bad shape (unpaid bills???), I don't see how you will be able to reduce fees until your budget is straightened out. Granted, you should not be using the water funds to pay other bills, but what other choice do you have? It sounds like a fee increase might be in their future, anyway, or like someone else said, a special assessment to get the reserves to an adequate level. If I were a resident, I would expect a decrease and I would certainly want to know how the HOA landed in this predicament to begin with. If it's because owners aren't paying their fees, how will that situation be resolved?