Question: What are the duties of the Board?
Answer:
Per the Bylaws, the Board duties shall include, without limitation:
(A) Preparing and adopting, in accordance with the Declaration, and annual budget establishing each Owner’s share of the Common Expenses and any Neighborhood Expenses;
(B) levying and collecting such assessments from the Owners;
(C) providing for the operation, care, upkeep, and maintenance of the Area of Common Responsibility consistent with the Community-Wide Standard;
(D) designating, hiring, and dismissing personnel necessary to carry out the Association’s rights and responsibilities and, where appropriate, providing for compensation of such personnel and for the purchase of equipment, supplies, and materials to be used by such personnel in the performance of their duties;
(E) depositing all funds received on the Association’s behalf in a bank depository which it shall approve, and using such funds to operate the Association; provided, any reserve funds may be deposited, in the Board’s business judgment, in depositories other than banks;
(F) making and amending Restrictions and Rules in accordance with the Declaration;
(G) opening bank accounts on the Association’s behalf and designating the signatories required;
(H) making or contracting for the making of repairs, additions, and improvements or alterations to the Common Area in accordance with the Governing Documents;
(I) enforcing by legal means the provisions of the governing documents and bringing any proceedings which may be instituted on behalf of or against the Owners concerning the Association; provided, the Association’s obligation in this regard shall be conditioned in the manner provided in the Declaration;
(J) obtaining and carrying property and liability insurance and fidelity bonds, as provided in the Declaration, paying the cost thereof, and filing and adjusting claims, as appropriate;
(K) paying the cost of all services rendered to the Association;
(L) keeping books with detailed account of the Association’s receipts and expenditures;
(M) making available to any prospective purchaser of a Unit, any Owner, and the holders, insurers, and guarantors of any Mortgage on any Unit, current copies of the Governing Documents and all other books, records, and financial statements of the Association as provided in Sections 6.4;
(N) permitting utility suppliers to use portions of the Common Area reasonably necessary to the ongoing development or operation of Bentwater; and
(O) indemnifying an Association director, officer, or committee member, or former Association director, officer, or committee member to the extent Georgia law, the Articles of Incorporation, or the Declaration require such indemnity.