SOS

Sharping of sabres

SOS

I received my 2023 HOA assessment in October and almost passed out. It was due in 24 days and I did not have the amount the board was demanding. Then I get another notice there is going to be another large assessment due January 1^st. It was time to do some studying. Sixty one percent of the budget was attorney and management cost. Twenty nine percent for reserves and ten percent for operating cost.

What I found out was that as new laws were being passed (primarily hb22-1137) to bring down to reality some of the out of control HOA boards, it had unintended consequences. My HOA board, which is made up of two people, the developer and his spouse, started sharpening their sabres. This included hiring a attorney to set up a narrow board, bylaws and polices that all reflect fees, fines, and foreclosures. All of which is being paid for by the members who did not want any of this in the first place because we cannot afford it. Now we are stuck with a money pit.

I do appreciate the legislature trying to look out for the regular folks. However the same HOA executive boards that needed to be reigned in just hired attorneys and managers to set up and get ready for fees, fines, and foreclosures, and passed that bill down to the membership.

Now I am faced with a 30% increase in property tax and an increase in HOA cost so high I cannot even calculate it in percentage.

One of the things driving this madness is the system heavily favors those with lots of money resulting in ownership of many lots. With 12 lots owned by multi millionaire/billionaire companies out of 20 total lots the remaining membership has no say what so ever. Even though they out number the rich.

I am not sure if you could assign a mil levy cap based on the value of all the properties added together and then apply the mil to the total. Then that figure could be divided by the number of properties to have an equal assessment amount.

Another problem is the only mechanism to fight the corruption is to file a law suit and that is extremely expensive as well.