What are your thoughts on the proposed fee?
The Big Canoe property owners will be given two chances to vote against the Capital Initiation Fee (CIF).
The first chance will come in the special election on the CIF in June.
If the CIF passes the first time, a second chance will come when the CIF is incorporated into the Big Canoe Covenants and Restrictions (C&Rs), and the amended C&Rs are voted upon sometime after August.
4kfee.com is designed to be an Open Forum for discussing the proposed Capital Initiation Fee in the Coummunity of Big Canoe. Some residents are for the proposal, some against, some are still undecided. Regardless or your position, you are encouraged to voice your opinion.
Keep in mind that these posts, comments, and links are the opinions of your friends and neighbors here in the Big Canoe Community, so please try to be civil. The comments and posts do not reflect the opinion of the site administrator. You are also urged to verify any information on this site.
Again, these are comments and opinions on the proposed fee and should not be considered fact unless you verify it yourself.
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1 user commented in " “Two” chances to vote “No” on the Capital Initiation Fee. "
Follow-up comment rss or Leave a TrackbackThe POA Board won’t let this happen.
The Board’s Covenants and Restrictions Committee is currently re-writing the Covenants and Restrictions (C&Rs) to include the Capital Initiation Fee (CIF), even before the CIF is voted upon or approved. They are planning to complete and include the final version of CIF verbiage in the C&Rs after the CIF election. And they plan to have the amended Covenants and Restrictions (C&Rs) ready for a membership vote in September, or later.
Today, the C&R Committee was surprised to hear about this CIF double vote possibility. They would like to keep the Covenants and Restrictions (C&Rs) election clean (with no heated issues) and separate from the CIF election. But with a double vote possibility, there may be no other choice than to have one election for both.
I see the POA Board requiring the Covenants and Restrictions Committee to speed up their C&Rs re-write. Therefore, the property owners may be required to vote on the CIF as part of the overall changes to the amended Covenants and Restrictions. Yes, the CIF election process has become a little messy.
The POA Board would not have wanted for the CIF to be included and approved as part of the C&Rs election. The election on the changes to the Covenants and Restrictions is important, and the changes to the C&Rs have never been voted down, and you don’t want the amended C&Rs voted down because of having the CIF included (for its first time vote). But they can’t allow two votes on the CIF.
In closing, you found a flaw in their election process and the POA Board will be in meetings next week looking for a way out.