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11/29/2023 4:30:49 PM
 
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Section 4: General Subject: OPA/OPVFD: The Relationship Msg# 1195640
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Beats me. The Charter can probably be amended to give back the right to change the bylaws to the Board of Directors.
I'm not sure OPA can just take cash of $2 million, no loan, and give it to any private entity desiring to build a structure on their private property. Call your lawyer. Can OPA give you a chunk of cash to build a new home?
Maybe Attorney Bright will provide us with some guidance. |
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For reference, the above message is a reply to a message where: OPA funding of about $2 million additional would require a referendum and also raised the legal question as to whether OPA could invest that money in a property it did not own. I'm no expert on OPA governing documents but I did find in the Charter (second Article, 11.) .... "To borrow in any and all real or personal property owned by the Association......" I suspect the argument is that OPA is not permitted to borrow money to pay for property is does not own. That said, the Charter can be amended with five or more directors voting to do so. |
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OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhpuse
6/28/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
7/26/2025 - 9:00 A.M. |
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Annual Meeting - Assateague Room
8/9/2025 - 9:00 A.M. |