KGHOABOD2001M2-5

Strategic Statement of

the Kings Grant Home Owners Association Board of Directors (Board)

Mission: To fairly manage the affairs of the Kings Grant Homeowners Association to preserve the value of Lots and Common Areas within Kings Grant through:

-                     Maintenance of Easements and Common Areas

-                     Architectural Control

Goals:

1.                  Ensure fair, rule-based understanding and enforcement of protective Covenants.

2.                  Ensure fair and reasonable formulation and execution of budgets across fiscal years.

3.                  Ensure clear and open communication of all Board information and activities to members and clear and open communication of member interests to the Board.

Objectives: 

1.                  Amend Protective Covenants to clarify existing ambiguities

a.       Proscribed use of bridal easements

b.      Lot owner use of reserved easements

c.       Formulation of road and common area maintenance dues

2.                  Develop a rule-based budget methodology.

3.                  Establish appropriate rule-guided “standing” committees

a.       Standing Architectural Review Committee

b.      Standing Road Committee

c.       Standing Rules Committee

4.                  Establish a workable structure for the Board.

a.       Size and composition

b.      Officers and Committees

Implementing Actions (FY2001/2002)

1.                  Clarify bridal easement Covenant

2.                  Clarify dues Covenant

3.                  Develop budget formulation rules

4.                  Develop Committee Operation Rules

5.                  Establish Standing Architectural Review Committee

6.                  Establish Standing Road Committee

7.                  Establish Standing Rules Committee

8.                  Develop By-Law language setting out size and composition of the Board

9.           Develop By-Law language setting out Board Officers and Committees