message board home
Next
4/27/2021 8:04:45 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: Short-Term Rental Regs Msg# 1123933
|
||||||
|
nor does 50% + 1 = 51%
Never said it did. It is 50% + 1. Just my added comment. Sometimes 51% is used in a document where majority appears to be the intent. I have no way of knowing, but suspect it results from a misunderstanding of 50% +1. The effect is to create a supermajority. A minor supermajority, perhaps, but still a supermajority. In the context of approving a DR amendment, a majority equals 50% and round to the next higher whole number if 50% is not a whole number. This fits all sections without regard to the number of lots. What is a writing signed by the board? The following is copied from the Section 16 (Parke) DR: 2. Term A. These Restrictions shall affect and run with the land and shall exist and be binding upon all parties and all persons claiming under them until January 1, 2010, after which time the same shall be extended for successive periods of ten (10) years each, unless an instrument approved in writing by the Board of Directors of the OPA and signed by a majority of the voting members of the OPA has been recorded agreeing to change the covenants in whole or in part. The Section 16 DR can be found on the OPA website along with all other DR's, the Charter and By-laws. Jim Trummel
|
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: nor does 50% + 1 = 51% Never said it did. It is 50% + 1. .5(503) = 251.5 +1 = 252.5 = 253 votes required for 50% +1 However, 252 is a majority of the lots in the Parke not 253: 252+251 = 503 lots 50% + 1 is not a majority in the DR vote context It is in sections with an even number of lots, provided the are no overriding factors as in the Parke. Talk about splitting hairs over sections with an odd number of lots. Obviously, there can be no half-lot vote. And for formal purposes, each section must be examined individually. But thank you for the odd-lots math and keeping us on our toes.
Amending our (OPA) DR is by approval of a majority of all lot owners in OPA plus a writing signed by the Board (OPA). The likelihood of change is nil. What is a writing signed by the board? |
