From the CLRRA Newsletter - November 2020
The Board is in the process of updating our governing documents and policies to meet current law and best practices. Our attorney informed us that these documents should be reviewed every five
years or so and updated if needed. To make the process more manageable, the Board decided to start with the Articles of Incorporation and Bylaws first and then tackle the CC&Rs and other policies
next year. The Articles of Incorporation are dated 1969 and the Bylaws are dated 2017 but even though they have a more recent date they still do not meet current law and best practices. For example,
the Bylaws prohibit proxies and this goes against state law. They also do not address email voting and they do not contain the current legal verbiage for indemnification of Board members. These are
just a few examples.
The Board normally allows 30 days for property owner feedback but in this case, we want to give you 60 days as these are governing documents and as such, they are particularly important to the
Association and its members. Altitude Community Law authored drafts of both documents and they are posted on the website
along with the current versions so that you can compare and contrast the changes. The attorney added some comments to both documents to further explain the recommended
changes. Please send your feedback to the Board at firstname.lastname@example.org
no later than December 31, 2020. The Board
will schedule a conference call with the attorney in January 2021 to finalize these documents and then the attorney will prepare the ballot and solicitation letter that will be sent to property
owners for a vote. We are trying to be as transparent as possible about the process so please let us know if you have any questions.