The Hills of Inverrary Board is once again proposing changes to our Association Bylaws—and this time, the stakes are higher than ever.
While some elements may sound reasonable at first glance, the fine print reveals a troubling expansion of board power that demands our attention and action.
Let’s break it down:
๐ณ️ Amendment #1: Extending Board Terms to Two Years
Currently, our bylaws require annual elections for board members—a cornerstone of accountability and transparency. The proposed change would double board terms to two years, reducing our ability to course-correct and hold leadership accountable.
Ask yourself:
✅Why is the board trying to reduce the frequency of elections?
✅What have they done to earn longer terms?
✅Shouldn’t trust be earned through performance, not embedded through policy?
Annual elections empower residents. Two-year terms entrench power.
๐ฐ Amendment #2: Two Signatures on Checks—Good! But Hidden Within: Investment Authority—Dangerous!
Yes, requiring two signatures on checks is a smart move. It adds oversight and reduces the risk of unilateral spending. But buried in this same amendment is a Trojan horse: a clause granting the board broad authority to make “investment choices” with our association funds.
Let’s be clear:
✅There is no language limiting these investments to FDIC-insured accounts.
✅There is no prohibition against investing in accounts controlled by board members, their families, or close associates.
✅There is no resident oversight or approval mechanism.
This opens the door to risky financial behavior, conflicts of interest, and potential misuse of our hard-earned dues. We are not a hedge fund. We are a residential community.
๐ What We Should Demand Instead
If the board truly wants to protect our financial future, here’s what responsible investment language should include:
✅ FDIC-insured accounts only
✅ No investments in any account controlled directly or indirectly by board members, their families, or associates
✅ Resident approval for any investment strategy beyond basic savings
✅ Full transparency and quarterly reporting
Anything less is a blank check—and we’ve seen how that story ends.
๐ง Think Before You Vote
These amendments are bundled to confuse and distract. Don’t let a good idea (two signatures) be used to sneak in a bad one (unchecked investment authority). And don’t let term extensions dilute your voice.
This is our community. Our money. Our future.
๐จ VOTE NO on the proposed Bylaw Amendments.
Let’s demand smarter governance, not broader power. Let’s protect our homes, our finances, and our right to hold leadership accountable.
“The Hills of Inverrary News Blog – Where Facts Live and Spin Stops.”
"And Ye Shall Know the Truth and The Truth Shall Make You Free" - John 8:32
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