Showing posts with label governing documents. Show all posts
Showing posts with label governing documents. Show all posts

Tuesday, April 11, 2017

All For One, and One For All - Almost!

Personally, I support the across-the-board $7,200.00 ($300 x 24 months) special assessment of all 340 unit owners for the purpose of funding construction of those unimproved buildings that need renovating. It is time we got the neighborhood built up to code and looking good.

Some worry that their money will get lost because their building has already been renovated and so their $7,200.00 will not be spent on their own building but on another building. Be assured that everyone's money must and will be accounted for separately (at TAJ, each building is a separate condominium and money from one cannot be used to pay for another). In the books, your money will be applied to your own building, as per state law.

At least, that's what I think. There are pretty clear laws that govern this kind of thing.

Follow this link to read the 1994 Declaratory Statement made by the Florida Department of Business and Professional Regulation. It's a big document so you might have to refresh the page once or twice before it fully loads.

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A letter was mailed out to unit owners. The explanation is appreciated, but there are some questions left unanswered.  The letter does not indicate the final disposition of the collected funds. Apparently the money is to be used to make construction loans to buildings that need renovating. Presumably those buildings will repay those loans and unit owners in un-effected buildings will be made whole again. So, at some point can unit owners get their money back if it is not spent on their building, their condominium? If so, what will be the procedure and when will that be available? If not, what becomes of that money?

If I get the answers to those questions, I will let you know.



Tuesday, August 11, 2009

For Your Situational Awareness (FYSA is the new FYI)




The five paged document, above, was submitted by the Management office to be shared with unit owners for informational purposes. Click on each page to see a larger and more legible image. Submissions such as this are very helpful to the neighborhood and I would like to thank the management office for their efforts in promoting community understanding -- good job, Beth G.

Saturday, May 17, 2008

What Is A Quorum?

Una traducción española está disponible en Web site: www.TAJWatchSpanish.blogspot.com

The two pictures on the left are snapshots of a document that shows that our TAJ (at that time Islandia) governing documents* were amended to change what it means to have a quorum of our total membership. In most situations the word "quorum" means 50% + 1. Our By-Laws appear to have changed the meaning of "quorum" when applied to our total membership. If I understand this correctly, then a quorum of our membership would not be 171 (that is 50% of our 340 units + 1), but rather it would be 114 (one third of 340 = 113.33...).

It seems that this change was made in 1981. Is this really true, and we have just not known this until now? Or has this change been overturned, changed again, or in some other way determined to not apply?


By the way, these documents were provided to me by a concerned unit owner. I am not certain where to obtain copies of them, either online or hard-copies. None-the-less they appear to be genuine. I have shown only snapshots out of consideration of space. I will be happy to email the full four page document to anyone interested.




*governing documents include the By-Laws, the Declaration, and the Articles of Incorporation. Those are a group of documents that are specific to our TAJ community. We are also bound by Florida State laws, statutes, and regulations. It is easy to see that with so many overlapping sets of rules there is a real possibility for confusion.