In my first installment of this blog series entitled HOA Board Meeting Basics, I discussed whether the Colorado Common Interest Ownership Act ("CCIOA") or the Colorado Revised Nonprofit Corporation Act ("Nonprofit Act") require that members of an HOA be provided with notices of board meetings and agendas. In this installment of the series, I will discuss open board meetings in HOAs.
For most folks living in Colorado, our home is the biggest investment we will ever make in our lives. For those of us with a home in an HOA, we know that in addition to our normal obligations as homeowners, we must pay assessments for our share of the common expenses of the community and comply with the governing documents of our association.
Our HOAs are governed by boards of directors which have a great deal of authority over our how our communities are maintained, the fiscal health of our communities, how the governing documents are enforced and the overall culture of our communities. Since boards of directors have a great deal of power, it only makes sense that CCIOA requires that Board meetings be open to the members of the HOA or their designated representatives. Having open meetings provides members with an opportunity to see their boards in action and to observe the due diligence they engage in before making important decisions. Continue Reading HOA Board Meeting Basics: Exceptions to Open Meetings Limited