Budget Ratification Meeting

Budget Ratification Meeting, Dec 17th

Budget Ratification Meeting The Declaration of Covenants for the Association provides that “the budget shall become effective unless disapproved at a meeting by Voting Representatives representing at least 75% of the total Class “A” votes in the Association AND by the Class “B” member”. Section 8.1. Class “A” members are the homeowners, while the Class “B” member is the Declarant (Riverwood on the Neuse). Therefore, pursuant to the terms of the Covenants, 75% of the total members of the Association […]