May 7, 2019 at 1:53 pm #2366Diane RosenbergParticipant
After hearing your concerns, the By-Laws and Restrictive Covenants committee meet and made a recommendation to the board to Amended just the By-Laws at this time to make 2 changes:
1) To change the annual meeting from only Saturday to Memorial Weekend. OUR ANNUAL MEETING THIS IS YEAR IS SUNDAY MAY 26TH AT 9:30 AM.
2) To add electronic mail to notices.
No changes to the Restrictive Covenants.
PLEASE ATTEND OUR CALL THIS MONDAY AT 8:00 PM if this topic is one that you are posting on or interested in. The recommendation is to take the rest of 2019-2020 to continue to review these documents to be voted on in 2020.
AS FOR ANY FINANCIAL QUESTIONS, IE: ATTORNEY’S FEES OR SURVEYS AND THE LIKE, all minutes are posted and you can read the entire year’s history that is overt and discussed. Better yet, please join us and listen/comment first hand. We always appreciate your participation.
May 7, 2019 at 2:30 pm #2367Tom ValuckParticipant
Diane, Thanks to you and the Tower Shores Board for your responsiveness. I believe you are correct that the sentiment of the community is in favor of further vetting of the proposed changes to the restrictive covenants.
Personally, I would appreciate a rationale statement and brief pros/cons analysis for each proposed change, so I can better judge the need for the change and the potential implications for the investment I have in my property. I realize that this would require additional effort and potentially expense, but without it, I would prefer not to add restrictions.
I hope everyone realizes the need for investing in periodic review and revision of our governing documents, while rightfully expecting thorough vetting of the issues and potential implications.
Thanks again to you and the Board for your good faith efforts on behalf of our community.
Atlantic Watergate #1
May 7, 2019 at 2:36 pm #2368Diane RosenbergParticipant
Tom: This was the suggestion and comment that was brought to the board late last night: I believe you are correct in that every change will need an explanation as to why the edit/delete/addition is needed.
ARTICLE I: CORPORATE NAEM AND IDENTIFICATION
Add at the end of definitions:
“Notice” within this document shall be defined as any written communication sent by hand delivery, U.S. mail, overnight delivery or by electronic means to the last known address provided to the Association.
Comment: to allow electronic mailing
ARTICLE IV: MEETINGS OF MEMBERS
Annual meeting of Members. The Annual Meeting of Members shall be held on Memorial Day weekend, in each year, at a time to be determined by the Board of Directors, at which meeting, they shall elect by ballot by plurality vote, a Board of Directors and may transact such other business as may come before the meeting, either with or without notice in advance.
Comment: only change is allow annual meeting to be any day of the Memorial weekend. Paragraph A otherwise remains the same.
NO EDITS TO RESTRICTIVE COVENANTS.
May 7, 2019 at 2:42 pm #2369Brad MandelParticipant
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?
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