Molly Foley-Healy

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In my posting yesterday, I blogged on 2012 New Year Resolutions for directors of HOAs with an emphasis on their personal development as leaders of their communities. In that posting, I invited board members to provide me with governance topics they would like us to blog on. One of the first responses I received was a great one that dealt with the often misunderstood topic of executive sessions. Continue Reading HOA Boards and Executive Session: What You Need to Know

Last year at this time, I blogged on recommended New Year Resolutions for HOA boards. In that posting, I focused on boards taking a serious look at the fiscal health of their communities and their plans to fund reserves. While that posting was based upon policy issues, I thought it would be worthwhile this year to address the individual development of directors with a focus upon excellence. With that in mind, here are some New Year Resolutions directors of homeowners’ associations (“HOAs”) may want to consider:Continue Reading 2012 New Year Resolutions for HOA Directors

The Rocky Mountain Chapter of CAI is hosting a CAI Industry Update Breakfast on January 20, 2012.  Here’s what you need to know about the event: 

 

"On November 4th, CAI’s Colorado Legislative Action Committee filed a Sunrise Application with the Colorado Department of Regulatory Agencies (“DORA”) to determine whether the licensure of…

Back in 2005, the Colorado General Assembly passed Senate Bill 100 which requires that every homeowners’ association (“HOA”) in Colorado must adopt 8 Responsible Governance Policies. Since that time, an additional policy has been added to the mix and the requirement for the “conflicts of interest” policy has been further refined. 

As a reminder, here are the 9 Responsible Governance Policies each HOA must adopt and comply with: Continue Reading 2012 HOA To Do List Reminder: Review and Comply with Responsible Governance Policies

Over the past few weeks, I have been posting a series of blog entries outlining items that boards and managers of homeowners’ associations (“HOAs”) should add to their 2012 To Do List. One item that can be easily overlooked is the review and refinement of rules and regulations (“rules”). 

Since boards have the fiduciary duty to enforce rules, it’s essential for boards to undertake a periodic review of their association’s rules. While it’s wise to work with legal counsel when reviewing and revising rules, here are a few areas of inquiry:Continue Reading 2012 HOA To Do List Reminder: Review and Refine Rules

As Congress continues to play politics with extending the payroll tax deduction into 2012, Community Associations Institute ("CAI") reports that an increase in fees on Fannie Mae, Freddie Mac and FHA seems to be an inevitable part of any deal ultimately reached.  CAI National published the following report: Continue Reading CAI Reports Congress to Increase Fees on Fannie Mae, Freddie Mac, and FHA

On a yearly basis, the boards of homeowners’ associations (“HOAs”) are faced with making important and sometimes costly decisions on behalf of the communities they govern. When retaining the services of professionals and vendors to provide services for your association – it’s essential to exercise due diligence to ensure your association is properly protected. Here are some important reminders:Continue Reading 2012 HOA To Do List: Exercise Due Diligence Before Executing Contracts

As we slide into 2012, it’s important for the boards of HOAs to take a careful look at the status of their reserve funds. By now, every HOA should have adopted a Reserve Study Policy that is required under Colorado law. C.R.S. 38-33.3-209.5(1)(b)(IX) provides that a Reserve Study Policy must include the following:Continue Reading 2012 HOA To Do List Reminder: Review Reserve Study Policy and Make Contributions to Reserves