HOA Board Resolution
I. Introduction
This HOA Board Resolution is being adopted to address important decisions regarding community policies, contracts, and financial matters. The board aims to establish a formal record for future reference and implementation.
II. Policy Change – New Parking Rules
On January 15, 2050, the Board of Directors convened to discuss and implement new parking rules to address growing concerns about parking space availability in the community.
Resolved:
All vehicles must park within designated spaces.
Overnight parking in unauthorized areas is prohibited.
Violations will result in fines or towing at the owner’s expense.
For inquiries, please contact [YOUR NAME] at [YOUR EMAIL].
III. Contract Approval – Landscaping Service Agreement
The Board reviewed and approved a new landscaping service contract to ensure the continued maintenance of the common areas in the community.
Resolved:
The contract with [YOUR COMPANY NAME] will be effective from March 1, 2050, for a period of one year.
The agreed-upon terms include monthly maintenance visits and quarterly seasonal cleanups.
The approved contract details are as follows:
Service Provider | Start Date | End Date | Amount |
|---|
[YOUR COMPANY NAME] | March 1, 2050 | February 28, 2051 | $10,000 |
For further questions, please contact [YOUR NAME] at [YOUR EMAIL].
IV. Financial Decision – Annual Assessment Increase
After careful consideration, the board has voted to approve an increase in the annual homeowner assessment fee.
Resolved:
The annual fee will increase from $1,200 to $1,500, effective January 1, 2051.
This increase is necessary to cover rising maintenance costs and reserve fund contributions.
For more information, please reach out to [YOUR NAME] at [YOUR EMAIL].
This resolution aims to formalize the board’s decisions for the betterment of the community and to ensure the effective management of association operations.
Board Resolution Templates @ Template.net
