We, the undersigned members of Regency Oaks, call upon the Regency Oaks Board of Directors to execute the following responsibilities as called for in the bylaws:
- Publicly announce and appoint a Director to replace the vacated Treasurer seat by May 25, 2018; and
- Hold an Association annual meeting by June 2nd, 2018. The annual meeting should include a director election, 2018 budget presentation, and 2017 Statement of Activity (i.e. Income Statement).
In the event that the above listed responsibilities are not performed by the identified dates, the undersigned members of Regency Oaks hereby petition the Board of Directors to set the earliest reasonable date, time, and place for a special membership meeting for the purpose of holding a vote on the removal and replacement of the current Board of Directors.
As called for in the bylaws Article II, Section 3: “it shall be the duty of the President to call a special meeting of the Association if so directed by resolution of a Majority of the Board of Directors or upon a petition signed by at least twenty-five percent (25 %) of the Total Association Vote…No business shall be transacted at a special meeting, except as stated in the notice.”
This action is being made in accordance with Article III, Section 6 of the bylaws. While Directors may be removed without cause, there is cause for removal due to the unknown financial state of the association, potential misuse of association funds for Director’s personal expenses, and tenuous residential status of the Directors. These factors along with ignoring repeated calls for financial transparency make immediate removal a necessity to save our association from financial harm.
Note: All signers must be Regency Oaks Members
Updates
May 6, 2018
Seeing this level of support confirms that my neighbors are just as concerned about the financial transparency of our community as I am. We have finally built the momentum needed to hold the Board accountable and ensure our bylaws are actually respected.
4 Comments
Enough waiting around. We need to know where our HOA dues are going and who is handling the accounts. Transparency now.
FIX THIS ASAP.
I am signing this petition so we can move this great community forward....
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We, the undersigned members of Regency Oaks, call upon the Regency Oaks Board of Directors to execute the following responsibilities as called for in the bylaws:
- Publicly announce and appoint a Director to replace the vacated Treasurer seat by May 25, 2018; and
- Hold an Association annual meeting by June 2nd, 2018. The annual meeting should include a director election, 2018 budget presentation, and 2017 Statement of Activity (i.e. Income Statement).
In the event that the above listed responsibilities are not performed by the identified dates, the undersigned members of Regency Oaks hereby petition the Board of Directors to set the earliest reasonable date, time, and place for a special membership meeting for the purpose of holding a vote on the removal and replacement of the current Board of Directors.
As called for in the bylaws Article II, Section 3: “it shall be the duty of the President to call a special meeting of the Association if so directed by resolution of a Majority of the Board of Directors or upon a petition signed by at least twenty-five percent (25 %) of the Total Association Vote…No business shall be transacted at a special meeting, except as stated in the notice.”
This action is being made in accordance with Article III, Section 6 of the bylaws. While Directors may be removed without cause, there is cause for removal due to the unknown financial state of the association, potential misuse of association funds for Director’s personal expenses, and tenuous residential status of the Directors. These factors along with ignoring repeated calls for financial transparency make immediate removal a necessity to save our association from financial harm.
Note: All signers must be Regency Oaks Members
Updates
May 6, 2018
Seeing this level of support confirms that my neighbors are just as concerned about the financial transparency of our community as I am. We have finally built the momentum needed to hold the Board accountable and ensure our bylaws are actually respected.
4 Comments
it is about time! feel like we have been in the dark for way too long with this board. get it together regency oaks.
Enough waiting around. We need to know where our HOA dues are going and who is handling the accounts. Transparency now.
FIX THIS ASAP.
I am signing this petition so we can move this great community forward....
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it is about time! feel like we have been in the dark for way too long with this board. get it together regency oaks.