The purpose of this post is to provide some updates regarding LRAA business.

1. At our Feb. 21st meeting, the LRAA board voted to postpone our May membership meeting. Our feeling is that by May we will still not be able to safely hold the meeting. Our current plan is to reschedule the meeting for Sunday, Sept. 5th of Labor Day weekend. If by Labor Day we are still not able to hold our meeting, we will schedule a membership meeting on Zoom. One way or the other, we will have a membership meeting in September.

2. Two documents have been added to the LRAA website Governance page (under WUCIOA) that relate to changes in the state law that governs homeowner’s associations. The new law, WUCIOA, requires LRAA to make some revisions to our bylaws to comply with the law. We have been posting a series of documents, produced by our Governance Committee, explaining how the new law will impact LRAA. We recently posted WUCIOA Information #4. We have also just posted the proposed revisions to our bylaws. These revisions will need to be approved by the membership at our next membership meeting, but the board believes these revisions are required to comply with the mandatory portion of the new law. If you have questions or concerns, we encourage you to email us through the website. We will consider concerns and post our responses.

LRAA also has the option to opt into a voluntary portion of WUCIOA. The board is recommending that the association take this step. The Governance Committee is now working on the requirements and implications of the voluntary portion of WUCIOA. We will post information on this as we have it ready. Members will have the opportunity to vote on this portion of WUCIOA. Our intent is to pursue this at our upcoming membership meeting.

3. One of the requirements of WUCIOA is that the board have a Reserve Study completed. We received the study last Spring, but significant changes needed to be made before we felt comfortable making the study public. The study is now posted on the Governance page of the website. The board is making the final decisions regarding the plan to fund the reserve. The details of the funding plan will be posted on the website by May 1st, along with the proposed budget for the coming year.

If you have questions or concerns, please use the website Contact Us page to send us a message.

RELATED LINKS

• WUCIOA Information #1 (October 21, 2019)

• WUCIOA Information #2 - Q&A (December 8, 2019)

• WUCIOA Information #3 (March 15, 2020)

• WUCIOA Information #4 (January 26, 2021)