August 2017 Newsletter
Posted By amooney on July 27, 2017
AUGUST BOARD OF DIRECTORS MEETING
The August Board meeting will be held on Tuesday, August 1, 2017 with Executive Session beginning at 5pm, and Open Session beginning at 6pm. The meeting will be held at Action Property Management’s office at 1133 Columbia Street Suite 106. Owners are welcome to attend the Open Session meeting!
MOVE IN/OUT REMINDER
All moves must be scheduled with Management. Residents are required to submit a security deposit of $250 made payable to Element Owners Association and may retrieve the elevator stop key, upon Management’s receipt of the security deposit. Elevators will be padded prior to your move. Upon completion, the stop key must be returned to Management in order to receive a full refund of your security deposit. Failure to return the key will result in your deposit being forfeited. If you are renting your unit, a current lease agreement must be provided to Management in order to confirm the move. Owners may redact any personal or financial information from the agreement, but contact information and lease terms must be shown. Failure to schedule a move with Management may result in being called to a hearing before the Board.
2017 ANNUAL MEETING NOTICE
The 2017 Annual Meeting will be held on September 5, 2017. At this time, there are two (2) seats up for election each for a two (2) year term. All owners will soon be receiving ballots. In order to hold the meeting on September 5th, the Association must meet the minimum quorum requirements of at least 25% participation, or sixteen (16) members vote. If you do not receive your ballot package by mid-August, please contact Management by emailing email@example.com and a replacement will be mailed to you.
SHORT TERM RENTALS
It has recently been reported that various units are presumably being used for short term rental purposes. Element’s CC&Rs state that no unit may be rented for a period less than thirty (30) days. Should it be noted that you are renting your unit for a period less than thirty (30) days, you may be called to a hearing before the Board.