There are currently multiple online elections occurring for this community. Please select the election for which you want to submit a vote:

The Board of Directors has five (5) position(s) available. This ballot is valid for this election of the Board of Directors, establishing quorum, and is irrevocable once submitted. In order to be considered eligible to vote, Owners must be current in all assessments due to the Association October 31, 2025. This constitutes the written notice of suspension as required by section 3.12 of the Bylaws. Revenue Ruling 70-604 is a tax ruling only. The purpose of this ruling is to allow a homeowners association to avoid taxation on any excess member income (as defined in the Internal Revenue Code) that may inadvertently arise in a given tax year. The ruling states that the members of the Association meet to make the election. The ruling applies to any excess member income. The ruling allows two options only; (1) refund the excess member income to the members or (2) apply the excess to the following year?s assessments. The excess income is from the Board prudently investing Association reserve funds in higher interest earning CDARS accounts. The income earned from the interest on the CDARS helps to mitigate the need to raise assessments higher and better fund the reserves. The Board of Directors has determined that it is impractical to attempt to refund the excess member income because of the administrative issues involved and the fact that the excess member income may be needed as working capital to pay for continuing Association operating expenses. Therefore the Board of Directors request that you approve an election under Revenue Ruling 70-604 to apply any excess member income to the following year?s assessments. This does not mean that the assessments for next year will be reduced, as the budget has already been prepared and approved. Since expenses typically rise year-to-year, it is probable that any excess member income will be absorbed by an increase in expenditures. Your failure to approve this election may mean that the Association will be subject to additional federal income taxes for the current year which may cause a rise in assessments for all members.

Click the "Start" button to begin filling out your ballot!

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