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My HOA has voted to buy water rights for the common areas, which includes several small lakes. This is very expensive, over $700K and the way the charter is drawn up. Can the HOA force members to spend this amount of money, which doesn’t involve construction, maintenance, etc at all, just water rights. Some of the HOA members have a financial stake in the company that currently owns the water rights, and they stand to benefit, trying to rush this through with the price continually increasing. The vote to proceed with this transaction was by less than 20 of the 160 residents. Number one, do they have the authority to purchase water rights and then demand others pay for it, and number two, is there criminal activity here?
The facts that some of the members have a financial stake in the seller, the speed of the process, and the small voter participation gives me concern here. You may have a case against the HOA here. But, we need to review this more closely, I recommend that you schedule a case assessment at robandhen.wpengine.com/locations or call us (24/7) at 303-688-0944 to schedule. We'll meet via phone or Zoom to discuss the facts more clearly, your rights, risks, options, the law, options, etc.
The foregoing information is general information only and should not be relied upon to take, or fail to take, legal action. No attorney-client relationship is formed by this information. __The only manner to obtain complete and adequate legal advice is to consult with an attorney.__
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