Newsletters

What’s Executive Session and When Can We Use It?

Posted April 30, 2023

An executive session or “closed door session” is a portion of a board meeting that is not open to attendance by the homeowners. Although the Colorado Common Interest Ownership Act (“CCIOA”) generally requires board meetings to be open to attendance by homeowners, Section 308 of CCIOA sets forth the “executive session” exception that allows aGo to Resource

By Elina Gilbert

Refresher on the Budget Ratification Process

Filed Under Financial, Governance, Budget, Financial, Governance

Posted April 3, 2023

Since July 1, 2018, when the CCIOA budget process was made applicable to pre-CCIOA communities, there continues to be confusion and unclarity with respect to the CCIOA budget process and especially if and how it applies to special assessments. The purpose of this article is to help clarify both the budget process and special assessmentGo to Resource

By Amanda Ashley

Help Me Help My Neighbor – When the Best of Intentions End in the Worst Results

Filed Under Governance, Liabilities, Governance

Posted April 3, 2023

An issue that has come up quite often as of late is that of a board wanting to help its individual community members while still maintaining its fiduciary obligations to the association. Perhaps there is an owner who is struggling to afford assessments, perform upkeep on the property, or can’t afford a major repair toGo to Resource

By Maris Davies

Insurance — What Is Going On Right Now?!?

Filed Under Financial, Maintenance & Insurance, Financial, Insurance

Posted March 1, 2023

If you haven’t looked at your insurance in the past year, you may be saying what?!? when you do. While it has always been a necessary evil, it is something that both individuals and associations alike must obtain, and never before has it been so expensive or near impossible to secure. Insurance provides protection forGo to Resource

By Melissa Garcia

Need More Money for Your Association? Here’s How to Get It!

Filed Under Financial, General, Financial

Posted March 1, 2023

Last month I had the privilege of teaching the webinar “Help We Need More Money,” which was all about generating more income for associations. Whether an association needs more money because it has unexpected repairs, or insurance costs have quadrupled, or just due to inflation and other uncontrollable costs, many boards fall into the rhythmGo to Resource

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