The Home Owners of Hidden Cove feel that the current Board has misused community funds to manipulate their fellow neighbors. The Home Owners also feel that the Board has not been transparent in the management of funds and have therefore misused the funds on ventures that the community feels are unnecessary.
The community will present this petition to the Board to call a special meeting to remove Board members according to our community bylaws.
Here is what we need to remove the Board:
To begin the removal process, a petition must be circulated calling for a special meeting to vote on the removal of the board member. An HOA must hold this special meeting within thirty (30) days from the receipt of a petition signed by an adequate number of HOA members.
-In smaller HOAs, those with one thousand or fewer units, this petition must be signed by twenty-five percent (25%) of the members entitled to vote in the community or one hundred members, whichever is less.
-Once the HOA has received a petition with a sufficient number of signatures, the Board of Directors is required to provide written notice to all homeowners of the special meeting and to hold the meeting within thirty (30) days of receipt of the petition. At that special meeting, a quorum of at least twenty percent (20%) of the total owners entitled to vote must be present either in person or by absentee ballot. Assuming there is such a quorum, it only takes the vote of a simple majority of those present at the meeting to remove the board member or members.