What is "Transition"
In terms of your HOA, "transition" is the process of converting the Board of Directors from "developer-run" to "homeowner-run." The Ivory Ridge Board of Directors is currently made up of four employees of the community's developer, Ivory Homes and one Resident Board member.
At your February 2024 Annual Board Meeting, an election will be held to turn the board over to homeowner Board members. These members will be provided with essential training on what it means to be a board member, and how to operate a homeowner's association, to ensure a smooth transition for Ivory Ridge residents. Once the transition occurs, the Board will be solely comprised of Ivory Ridge homeowners. These elected homeowners will be responsible for the decision-making in the Ivory Ridge community including items such as vendor contracts, community projects, annual budgets, and more!
Check your emails for the monthly Transition Tidbits email or check back here on the website for updates. Not on the mailing list to receive newsletters and HOA news? Send an email to email@example.com to request to be put on the distribution list.
This meeting was held on Wednesday, September 13 at the Clubhouse. Please see the links for the PowerPoint Presentations for the topics covered
WHAT IS TRANSITION?
HOA LAWS 101