Suggested Bylaws

Article I
Name and Organization

The name of this association is The Nara Visa Commons Homeowners Association,
and is designated an unincorporated nonprofit association created under the laws of
the State of New Mexico.
Article II
Intent and Purpose
It is the intent of this organization to continue the maintenance of specified
Common Property not held by any single owner within the Nara Visa Commons, a
1994 development, in the village of Los Ranchos de Albuquerque, New Mexico. (Plat
1994023336, Rec Date: 02/18/1994 Book Page: B: 94C P: Grantor: NARA VISA
COMMONS Legal: Subdivision: NARA VISA COMMONS Lot: 1,2,3,4,5,6,7,8,9,10)
ARTICLE III
Office and Duration
The office of the Nara Visa Commons Homeowners Association will be at the Nara
Visa Ct. home of the elected secretary.
The duration of the Nara Visa Commons Homeowners Association shall be
perpetual, or until there is no longer common property to be maintained by the 10
homeowners.
Article IV
Structure and Membership
Nara Visa Commons Homeowners Association is a not for profit unincorporated
association established under the terms of New Mexico statutes 53-10
NVCHA fiscal year begins on January 1 each year and the Annual Meeting should be
held during the month of January. At this January Annual Meeting, the Association
shall meet to determine maintenance needs for the year and will determine a
budget and the Assessment to pay for that budget mutually.
By purchasing a home in the Nara Visa Commons Subdivision lots 1 through 10, one
becomes a member of the Nara Visa Commons Homeowners association and is
provided with a copy of NVCHA Bylaws at closing. That membership continues until
such time as the ownership on one of the ten lots is changed.
Membership is not optional, but a continuation of the promise made by the

Developer that the common property of the development would be maintained as
long as the Nara Visa Commons should exist.
Since no member owns the common property, dissolution of the association will
occur at such time that there is no longer common property to be maintained by the
homeowners.
VI
Manner of Operating in Annual Meetings and officer definitions
All the business of the NVCHA will be conducted in its Annual Meeting to be held
during the month of January. Additional meetings may be called for the purpose of
Assessment changes to meet emergencies throughout the year. Meetings may be
conducted in person at an accessible location, by telephone conference, by
computer meeting, and by any combination of the ways listed.
1. Approval of previous minutes (in our case these may have been
approved electronically right after last year's meeting to allow approved
projects to start) President should offer a "State of the
Association" briefing. (how the meeting will be conducted, what is open for
discussion, Assessment setting mutual, rotating officers, the importance of a
full treasurer's report to our deliberations, and status of projects from last
year.
2. The election of officers. (bylaw definitions describe roles narrowly and
to define the only purpose of the association -- to mutually agree on common
property maintenance needs and to annually determined Assessments to
accomplish approved maintenance.) Every year, 2 year term limits
President who calls and presides over the annual meeting, and if
needed, corrective budget meetings. Gives state of the NVCHA
comments, Coordinates with other officers to make the Annual Meeting
work.
Secretary who records the meeting in the form of minutes, seeks

approval electronically so approved projects can begin. Then posts the
minutes on Nvchalosranchos.com.
Treasurer Must provide a ledger on the expenses of the previous year

vs. the income through assessments. Treasurer then projects
(estimates) the changes for the upcoming year (things like increase in
water rates, etc.) This is before the discussion of additional projects
and approval by the membership. After that discussion, Treasurer
prepares an estimate of the Assessment including changes approved.
3. Conduct Business. Since our reason for being is very narrow -- maintain
and fund common property--that's all we can mutually and fairly address. To
NVC, Old and New Business means the discussion of needs for common
property maintenance both of the standard items (gardener, water,
insurance), and additional needs any member may see as important. Strong
leadership helps provide a good basis for decision making. What do we have
in mind, and how much is it going to cost.
4. VOTE on next year's budget. Then, all ten of our members, one
vote per household, Vote on the calculated Assessment (not really Dues) that
the new budget requires from each of us for the upcoming year.
5. Finally, Adjourn, adios, see you at next year's annual meeting,
with provision for ad hoc meetings if something goes "south" in our
common property maintenance.
Article VI
Revision of the Bylaws of the NVCHA
At any annual meeting the 10 members can consider changes to the Bylaws of the
Unincorporated Association that must be approved by a majority of neighbor
members. (6 of 10)

Suggested Bylaws

Uploaded by

Copyright:

Available Formats

Suggested Bylaws

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Suggested Bylaws

Uploaded by

Copyright:

Available Formats

Article I

Name and Organization

Membership is not optional, but a continuation of the promise made by the

Secretary who records the meeting in the form of minutes, seeks

Treasurer Must provide a ledger on the expenses of the previous year

You might also like