Frequently Asked Questions
 Annual Meetings
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Assessments
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Board of Directors
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Answers
- Annual Meetings
- Question: When is the Annual Meeting of Signature Place held?
Answer: The Bylaws provide that a meeting of the Association shall be held at least once a year. The Signature Place Bylaws specify that the Annual Meeting is to be held in April of each year. You will receive written notice of the meeting, along with the Procedural Agenda and the proposed budget in advance of the time the meeting is to be held
- Question: How do I vote for the Board or on other issues?
Answer: Prior to the meeting, you will be sent a copy of the proposed budget for the coming year along with ballots for the election of Directors or other issues that may require the vote of the Membership.
- Question: What constitutes a quorum for the Annual Meeting of Signature Place?
Answer: Article II, Section 5 of our By-Laws provides that a quorum for a legal meeting shall be 10% of the Membership, or 27 Members.
- Question: How much notice must be given before the Annual Meeting?
Answer: The Bylaws provides that notice of the Annual meeting must be sent by first class mail to all members no sooner than 50 days nor less than 10 days prior to the Annual Meeting.
- Question: May I give my proxy to another homeowner if I cannot attend?
Answer: The Bylaws provide that no proxies are permitted; however, there is a provision for absentee ballots. In order for your absentee ballot to be counted it must be returned in the envelope provided with the mailing, and it must be received by the time of the Annual
- Assessments
- Question: How are assessments determined?
Answer: The amount of assessment for any given year is based upon the projected operating costs of the Association for the coming year, plus a provision for funding reserves for the maintenance, repair or replacement of capital assets and other contingencies
- Question: Is there any provision for increases in assessments and how much can they be raised?
Answer: The Bylaws provide that the Association may not impose a regular assessment that is more that 20% greater than the immediately preceding fiscal year’s assessment without the approval of a majority of the membership.
- Question: What is the penalty for late or non-payment of assessments?
Answer: If your account is in arrears, you will be sent a reminder by the management company, and if your account is 90 days in arrears, a lien against your property may be filed. The Bylaws provide that the Association has a implied lien on a property from the date the assessment is due, and has the right for foreclose on delinquent accounts (not including late charges, collection fees and legal fees) at the earlier of: 1) The assessment being delinquent for at least 12 months; or 2) The delinquent assessment(s) totals at least $1,200.00.
- Question: Can I pay my assessments by credit card?
Answer: You may pay by credit card. Contact Cedarcrest Propety Management for details.
- Question: How do I know when my payment has been received?
Answer: You may check to see if your check has been received by checking your Account Information on the Signature Place website.
- Board of Directors
- Question: How many persons are there on the Board?
Answer: Current provisions of the amended By-Laws provide for a Board of five (5) members. The presence of five of its members constitutes a quorum to conduct a legal meeting.
- Question: What are their terms of office?
Answer: All terms of office are for two years, with three directors elected in even-number years and two in odd-numbered years.
- Question: When are elections held?
Answer: Elections for the Board are held at the Annual Meeting. However, ballots are sent out in advance of the meeting for the benefit of those members who do not attend. Those ballots must be returned in the envelopes provided to be counted.
- Question: What are the duties of the Board?
Answer: The general duties of the Board of Directors are as follows: 1) To uphold and enforce the terms of our Governing Documents. 2) To manage the business affairs of the community. 3) To maintain the security of the community. 4) To maintain the physical infrastructure of the Association. 4) To manage the financial assets of the HOA. 5) To develop budget projections that anticipate ongoing operating expenses and assure that sufficient reserve funds will be available for future expenditures for infrastructure or for other contingencies.
- Question: When are Open Board meetings held??
Answer: Board meetings are typically held on the second Tuesday of the month in April and October, provided that a quorum of the Board is able to be present. The Bylaws provide that Notices of Board meetings must be posted at least 48 hours in advance; however, this statute also provides that an emergency meeting can be held without notice to the members, if circumstances require action be taken before notice can be given.
- Question: How do I contact the Board?
Answer: You may contact the Board by calling, writing or e-mailing the Community Manager, Angel Katorincek at Cedarcrest Propety Management. (See link Contacts / Management Contacts.)
- Question: May I attend meetings of the Board?
Answer: Members of the Association are welcome to attend Board meetings. If you have a specific issue that you would like to have addressed, please contact our Community Manager in advance of the meeting (preferably a week) so the topic may be put on the agenda.
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