I would like to invite you to visit the Board Synergy Club. We formed in July with the vision that "Every board has a well-informed and capable board." One of our accomplishments in 2023 was the creation of a website for Century Village residents. The website can be viewed by clicking on this link: Board Synergy Club Webite.
Our next meeting is January 4th at 1:30pm in Cardroom B in the Clubhouse. We typically meet every Thursday @ 1:30 in the clubhouse.
One of our priorities for 2024 is implementing a voluntary Board Accreditation Process. We have found an experienced accreditation board that is excited to help us implement a Board Accreditation program here. We will work with parties with a vested interest in Century Village to develop Community Standards for all associations in Century Village. Below describes how this has been implemented in a very similar community to ours.
The primary objectives of these standards are to ensure that the Associations:
- act in accordance with their governing documents and with state and federal laws.
- demonstrate sufficient financial resources to their Owners, to potential buyers, and to the community at large in order to maintain their property and to administer their operations in a responsibly economic manner that benefits the community as a whole Condominium Associations are encouraged to apply for Accreditation to confirm that they meet the community standards.
Accreditation Process
- Condominium Associations, with approval from their Boards, apply to go through the accreditation process.
- The Accreditation Committee then meets with the Association Board to review required documentation.
- Associations that do not meet the standards will be offered mentoring and assistance to remedy deficiencies in Order to achieve excellence.
- Associations that are accredited will receive a plaque and a certificate and recognition throughout the community via The Reporter, real estate agencies, etc.
Advantages of Accreditation:
- Demonstrates that the Associations operate in the best interests of their Owners
- Allows Owners and potential Buyers to know that the Associations maintain sufficient financial resources and that they operate in accordance with state and federal law.
- Creates a more valuable community and potentially raises property values.
- Gives Associations the privilege to advertise and affirm their strive for excellence.
- Creates documentation that serves as a guideline for Presidents of all Associations to realize what they should achieve and to know that they are in compliance with the standards when they have been accredited.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.