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Special Assessments

What is a special assessment?

Section 4. Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy in any assessment year a special assessment applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the common area, including the necessary fixtures and personal property related thereto, provided that any such assessment shall have the assent of a majority of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purpose. Written notice of which shall be sent to all members not less than five days nor more than fifteen days in advance of the meeting setting forth the purpose of the meeting.

What is the process for approving a special assessment? 

Section 6 requires a meeting and vote of a minimum of of 60% of the members. There are 164 owners. 

If the assessment is not approved, 50% of the original quorum must attend a following meeting for a second vote.

Section 6. Quorum for any Action Authorized Under Section 3 and 4. At the first meeting called, the presence at the meeting of members or of proxies entitled to cast sixty per cent (60%) of all the votes of each class of membership shall constitute a quorum. If the required quorum is not forthcoming at any meeting, another meeting may be called, subject to the notice of requirement set forth in section 4, and the required quorum at any such subsequent meeting shall be one-half (1/2) of the required quorum at the preceding meeting. No such subsequent meeting shall be held more than sixty (60) days following the preceding meeting.