Re: Budget question | <– Date –> <– Thread –> |
From: Sharon Villines (sharon![]() |
|
Date: Wed, 29 Jun 2022 07:49:41 -0700 (PDT) |
> > The State of California generally requires $1500/yr for HOA Budgets. As a reminder, California has the most detailed and accessible requirements/recommendations for good condominium financing and care that I’ve been able to find. Other sources must be hidden deep inside professional literature or behind certification paywalls. But California’s are online. One source is the Homeowners Protection Bureau. While the laws in each state vary or are even non-existent, California’s are a good example of “best practices” or at least things to consider when writing Bylaws and setting up budgets. https://www.hopb.co/california-davis-stirling-common-interest-development-act With the move from detached single-family houses to large scale communities of 1000+ living units that maintain their own streets, parking, and park-like areas has changed the whole tax structure, for example. This was a huge change in the power structure of cities and towns. It created HOAs that function much like city governments themselves. Wikipedia has a nice article on the Davis–Stirling Common Interest Development Act that governs condominium, cooperative, and planned unit development communities in California. https://en.wikipedia.org/wiki/Davis-Stirling_Common_Interest_Development_Act This is the future. In California it began in1963. Particularly in towns where the idea of a common-interest development is new, reading about the Davis-Stirling Act might be enlightening. https://www.davis-stirling.com/HOME/R/Rules-Explained And for anyone keeping track of women who changed the world but were never recognized Wikipedia records that this enormous act was written by law professor Katharine Rosenberry, not Davis and Stirling: > Contrary to popular belief, the bill was authored/drafted by University of > San Diego School of Law Professor Katharine N. Rosenberry while she served as > a Senior Consultant to the California Assembly Select Committee on Common > Interest Developments. Assemblymen Lawrence W. "Larry" Stirling and Gray > Davis added their names as authors prior to the bill being passed/enacted by > the California State Legislature in September of 1985.
- Re: Budget question, (continued)
- Re: Budget question Kelly Bachman, June 28 2022
- Re: Budget question Bonnie Fergusson, June 28 2022
- Re: Budget question Sharon Villines, June 28 2022
-
Re: Budget question Fred-List manager, June 29 2022
- Re: Budget question Sharon Villines, June 29 2022
Results generated by Tiger Technologies Web hosting using MHonArc.