What authority does the Board of Directors have?
• Fill a vacancy on the Board of Directors • Establish rules and regulations for the association • Develop the annual budget to determine the assessment rate • Contract services for the association (management, landscape, maintenance, etc) • Collect assessments • Pay the obligations of the association • Establish committees • Enforce the CC&Rs • Elect officers of the association • Obtain insurance for the association as required and appropriate • Invest funds controlled by the Association • Establish a covenants/architectural committee • Establish the standard of care for the maintenance of the common areas • Engage the services of professional advisors
