This subdivision is at a crossroads
With the coming of the Health Science Center and the Biomedical Corridor, our neighborhood has the potential to see substantial increase in the value of our homes. Not staying current on our paperwork can and almost certainly will cost each of us by reducing or limiting our property values. Our deed restrictions and bylaws are over 25 years old. They need updating. That means we need at least 98 people or their proxies to initiate this process.
We’ll be posting proposed changes and soliciting member input. We expect the process to take perhaps 3-6 months, but we cannot even begin without a simple majority vote at the annual meeting.
After all the proposed changes are in place, we’ll hold a special meeting to approve them. This meeting will also require a simple majority (50% plus one) vote to approve.