Village town hall meeting

The Hot Springs Village Ad-hoc Declarations Committee has scheduled town hall meetings in Hot Springs Village to present information regarding a proposed change to the Hot Springs Village Declaration.

The next meeting is scheduled for Thursday, September 1, 2011 at 6:00 p.m. at the Ponce De Leon Center.

Under our current declaration property owners can only vote to approve a special assessment lasting no more than one year. The POA management and the Board of Directors believe that modifying this section to give the property owners the right to vote on specific projects, to be paid over a period of time greater than one year, will result in much more feasible funding options for capital projects.

This proposed change to the Declaration will allow for a longer time period for payment of special assessments. The specific project, the time, and the amount still must be approved by a majority of the property owners.