To: Village 2 HOA
Address: PO Box 802 Draper, UT 84020
Date: 3/5/2025

Subject: Petition for Reduction of HOA Fees and Request for Special Meeting

Dear [HOA Board Members/President],

We, the undersigned homeowners of Village 2, respectfully submit this petition requesting at least a 25% reduction in HOA fees due to financial concerns and a lack of clear justification for current fee levels. We also formally request a special meeting of the HOA as permitted under Article 2.3 of the Bylaws. Given that more than 25% of voting homeowners support this request, the HOA board must schedule a meeting within 65 days as required by our governing documents.

Reasons for Our Request:

1. Financial Burden: The current HOA fees have become unsustainable for many homeowners due to rising living costs and economic challenges.
   
   
2. Lack of Transparency in Budget Allocation: The financial reports provided by the HOA do not adequately explain variances in spending, future financial planning, or collection strategies for delinquent accounts.
   
   
3. Reduced Services/Amenities: Despite continued high fees, certain amenities and services have been reduced or are not being properly maintained.
4. Budget Inefficiencies: Potential overspending or financial mismanagement may be leading to unnecessarily high fees. A review of expenditures and cost-saving strategies is necessary.
   
   
5. Alternative Funding Options: The HOA should explore alternative revenue sources rather than relying solely on increasing homeowner dues.

Requested Actions:

• Provide a detailed financial breakdown for 2024 expenses, including explanations for budget variances and the status of delinquent accounts as outlined in the 2024 budget discrepancy analysis.
  
  
• Conduct a thorough review of the current budget and identify opportunities for cost reduction while maintaining essential services.
• Hold a community vote to determine whether to retain or remove amenities that are underutilized or no longer in use.
  
  
• Amend the CCRC’s to require at least a 60% majority vote for approval of projects and improvements exceeding $10,000, including pending projects.
  
  
• Implement at least a 25% reduction in HOA fees while ensuring essential services are maintained.
  
  
• Establish a 3% annual cap on fee increases, requiring homeowner majority vote for any increases beyond this limit.
  
  
• Schedule a special meeting within 65 days to discuss these concerns, per HOA Bylaws Article 2.3.

We strongly urge the HOA board to take immediate action on this matter. Our signatures below indicate our collective support for this request.

Sincerely,
Evi Loveres