Q: Is Scott Lake Maintenance Company a Homeowners’ Association?
A: Yes. Scott Lake Maintenance Company (SLMC) is a Homeowners’ Association (HOA).
RCW 64.38.010 (11) “Homeowners’ association” or “association” means a corporation, unincorporated association, or other legal entity, each member of which is an owner of residential real property located within the association’s jurisdiction, as described in the governing documents, and by virtue of membership or ownership of property is obligated to pay real property taxes, insurance premiums, maintenance costs, or for improvement of real property other than that which is owned by the member. “Homeowners’ association” does not mean an association created under chapter 64.32 or 64.34 RCW.
SLMC files a form 1120-H specific to Homeowners’ Associations, with the Internal Revenue Service. The SLMC Annual Report on file with the Washington Secretary of State’s Office identifies Scott Lake Maintenance Company as a Homeowners’ Association.
Q: What is the difference between the Board of Trustees meetings and the Homeowners’ Association meeting?
A: Board of Trustees meetings are for the elected Board of Trustees to conduct the regular and ongoing business of the Association. These meetings are open to association members (property owners) for observation. There is also a member comment section on the agenda for each Board of Trustees meeting giving a designated opportunity for property owners to address the board. Homeowners’ Association meetings are for all association members (property owners) to receive the new budget, hear reports and discuss items of common interest which pertain to the Association. The Bylaws specify that twenty percent of the membership constitutes a quorum necessary for the membership to take action at membership meetings.
Q: Is the Board of Trustees compensated?
A: No. The Board of Trustees is comprised of elected members of the association who serve in a volunteer capacity. Members of the Board of Trustees are in no way compensated for serving on the Scott Lake Maintenance Company Board of Trustees.
Q: Can I participate in meetings if I don’t have access to Zoom?
A: Yes! Members can attend meetings through a simple telephone dial-in option. Members who are unable to attend meetings may also submit written comments to email@example.com to be read aloud during the “Member Comment” portion of meetings. Members may also designate proxies for the Annual Meeting.
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