Homepage › Forums › Tower Shores Forum › Suggested updates on By-Laws and Restrictive Covenants › Reply To: Suggested updates on By-Laws and Restrictive Covenants
Thank you By-Laws Committee for making these recommendations
I guess the board will approve or deny the recommendation on Monday’s call.
Diane, per you comment about FINANCIAL QUESTIONS here it is:
From February Minutes:
By-Laws Committee – Committee has reviewed by-laws and restrictive covenants, with recommended changes to be finalized 2/13 with a licensed DE attorney to review. Diane noted that there will be nominal changes to community members’ rights; the review is meant to ensure transparency and compliance. The revised documents will be sent out with the election package for review at the general meeting. A motion was made to approve attorney’s fees of no more than $4950. The motion passed unanimously by all board members present, as follows: Yes- Bernadette, Ken, David, Les, Tony, Pierce and Diane.
QUESTION: WHAT DID YOU PAY THE ATTORNEY?
Since is looks as if most of the restrictions are being removed and may be pushed to a later time to discuss
is there a lesson we can learn from what happened?
-Most of the language in the proposed restrictions had far reaching implications against the homeowners
-Restrictions were above and beyond DE State Law
-The community overwhelmingly did not want them
-It caused major stress
-In the end it was a big waste of time and money
Is there a way we can change the process to take a straw poll to discuss the strengths and weaknesses of a restriction or rule in order to avoid this in the future BEFORE hiring an attorney?