Please Help Update Our ECA Bylaws
The Board of Directors has launched a Bylaws Update Initiative which seeks to lower the number of votes required to change Elizabeth Condominium Association Bylaws from 75% to two-thirds of ECA members. In order to achieve this goal, 75% of ECA members must vote to approve this change at the May 2015 Annual Meeting.
Why This Change Is Important
The current limitation makes it difficult for our Board to respond in a timely fashion to challenges facing our community. A 75% majority vote requires extraordinary effort and expense to achieve, especially where a sizeable number of the apartments are not owner-occupied. Today 101 or 28.7% of Elizabeth apartments are being rented. The proposed update is in line with Maryland condominium law and the vast majority of condominiums in our state. Maryland law states that bylaws may be amended by the affirmative vote of two-thirds (2/3) of unit owners unless a higher percentage is required in the Bylaws. Two-thirds is a super majority and is sufficient to prevent a small number of homeowners from changing bylaws and forcing their will on the rest of the community. The proposed update will allow for somewhat greater flexibility in making changes in the operation of the Association, when appropriate.
We Need Your Help
A great deal of manpower will be needed to get the 75% of votes required to pass this update. If you would like to help you just reply to this email and someone will contact you.
Please tell your friends. Thank you!
James Vuko, Participation Committee Chair / jvuko@conference.com / 301-913-5934
No comments:
Post a Comment