President’s Column: February 2019

This will be brief, however, I would like to make sure we all have a few basic facts regarding this fast-paced time for our community. First, please join me in congratulating those newly elected to our board and thanking those continuing their service.

Empowering the board
There is much to do and timing is all-important. Shortly you will be asked to provide this new board with the tools we’ll need to make our commercial spaces viable. You have overwhelmingly affirmed your support for the settlement and purchase agreement of the commercial units (235 for and 2 against). Now we need to empower the board to be able to sell these units when the time is right without having to wait to run an election and tabulate votes from the full membership. Envision if you wanted to sell your home and in order to do so it required consent by 80% of all members here at Tapestry. This delay would negate most deals as prospective buyers would move on to other options. We need to avoid this problem if the right opportunity comes along to sell a commercial unit. Of course, we will provide proper guidelines and parameters for this action but once we do, we will ask you for your vote to allow the board the authority to advance the HOA financial priorities when opportunities surface. Watch for more on this.

Leasing agency chosen
As announced at our last meeting, Clear Commercial has been selected to handle the lease and/or sale of our commercial spaces and there is already interest from prospective businesses. There will likely be news on this front soon, so stay turned to the newsletter for some upcoming announcements!

Board meeting changes
This board, with three new members, will need to quickly learn to work together to make sure we have good teamwork with proper and timely handling of our duties. Look for some changes in board meeting structure soon…the purpose here is to be transparent and to gain total board input and approval for important matters without delays. These changes will be in the form of open sessions with specific agendas to allow the board to meet and be in compliance with our rules and regulations. There are three meetings set for February. Future meetings will be posted as they’re scheduled.

Up next
Lastly, we are looking at some other changes:
1) We will be discussing establishing a few committees. More information on this and how you might serve will be coming soon.

2) Improvements to this newsletter…perhaps a Q&A where questions can be answered for the benefit of all readers or having this column written by different board members to get more perspectives.

3) We will be looking at upgrades to our elevators and entrances to improve safety and functionality.

More later but I promised to be brief. Thanks for your support and interest.