About Quail Meadows West
Quail Meadows West is a group of 115 homes but a community of neighbors who feel life should be lived within a social framework. Gated and impeccably maintained this wonderful community offers many activities and amenities not found in your typical association. We enjoy our community clubhouse, swim in the heated swimming pool, bask in the large spa or play billiards in the media library.
2019 August Letter From QMW HOA President Michael Anderson
In the next few months, you as an association have a responsibility to choose who will lead and maintain the HOA. It is important that you are involved, vote and take action. Your decision is very important and will have a direct influence in all your lives. You should let us know as soon as possible if you feel you can help support our HOA by being an active member of the Board of Directors.
We will also be doing the “Full Reserve Analysis” in the coming months that will determine our homeowner assessments. This is done by an outside 3rd party and is required by the state every 4 years to make sure we are accumulating enough funds to pay for future repairs and meet our budgetary needs.
As your current Chairman I have endeavored to follow the two significant duties below with the fiduciary responsibility on which you have given me. I will say that not all decisions are appreciated or liked because it requires change. It sometimes requires upsetting the norm for the benefit of all. Sometimes it requires forcing homeowners to follow the governing documents i.e. CC&Rs, Bylaws, Rules and Regulations which they agreed to follow when moving into our beautiful HOA. The “Rules and Regulations” must be adjusted and changed to meet current conditions and help guide the association into the future. I hope whomever you vote for this year that the next Chairman will take similar actions to keep moving the association in a positive direction.
Fiduciary Duty: A duty to act for someone else’s benefit, while subordinating one’s personal interest to that of the other person. It is the highest standard of duty implied by law
Two Broad Duties. Upon their election to the board of a common interest development, directors become fiduciaries with powers to act on behalf of the association. As fiduciaries, directors are held to a higher standard of conduct and have two primary duties: (1) duty of care, and (2) duty of loyalty.
A. DUTY OF CARE: Directors must be diligent and careful in performing the duties they have undertaken. Directors must:
- Attend and participatein meetings so they can be informed about the association’s business.
- Make reasonable inquiry re: maintenance issues, rules violations, etc.
- Make decisions. *In good faith, *In a manner which the directors believe to be in the best interests of the (HOA) corporation, and *With such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.
- Keep and maintain corporate records. This includes storage and security of information.
B. DUTY OF LOYALTY: Directors must act in the best interests of the entire association even if at the expense of their own interests. “We note that the duty of undivided loyalty applies when the board of directors of the association considers maintenance and repair contracts, the operating budget, creation of reserve and operating accounts, etc.” The Duty of Loyalty covers ALL homeowners regardless of the effect on the few for the benefit of the whole.