Cosmo Board Training

Published on Nov 21, 2016

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PRESENTATION OUTLINE

Cosmo Board Training

November 21, 2016

Applicable Laws

  • ORS 100 - Condominium Act
  • ORS 65 - Nonprofit Corp Act
  • Fair Housing Act
Photo by Woody H1

Governing Documents

  • Declaration / CC&Rs
  • Plat
  • Bylaws
  • Articles of Incorporation
  • Rules & Regulations

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Fiduciary Duties & Business Judgment

Board Authority

  • Levy Assessments
  • Maintain Common Property
  • Adopt Rules
  • Adopt Budgets
  • Initiate & Defend Litigation
  • Levy Fines
  • Enforce Governing Documents

Owner Obligations

  • Comply with Governing Documents
  • Pay Assessments
  • Elect & Remove Board Members
  • Amend Declaration & Bylaws

Committees

  • Broad authority to create committees
  • Committees make recommendations; Board adopts

Types of Committees

  • Architectural
  • Finance
  • Social
  • Governing Document
  • Communication

Working With Management

Meetings

Board, Annual & Special

Robert's Rules of Order

Motion, Second, Debate, Vote

Meeting Minutes

(Not Hours)

Open Meetings

Executive Session
Photo by GFAR

Communicating With Owners

Photo by altemark

Finances & Reserves

Photo by swisscan

Developing Rules

Photo by mick62