The Village at Mayfaire Executive Board
SUMMARY OF RESPONSIBILITIES
The Village at Mayfaire is
a 31-acre, 17 building, $71 million dollar condominium
property consisting of 204 residences. The Village At Mayfaires
Executive Board is comprised of five volunteer condominium owners who have been
elected by the membership to make sound judgments on significant issues of
concern to the entire community. A comprehensive list of Board
responsibilities is an important part of the TVAM Bylaws. Briefly, Board issues
center upon the business affairs of the COA: developing a workable budget
for current and future (reserve) needs, establishing prudent fiscal policies,
monitoring financial status and determining assessment rates. The Executive
Board also ensures that the Association governing documents are being followed
and that adequate liability insurance coverage is provided. Directors review
and re-negotiate contracts for best value, regularly monitor the performance of
the property management agents, and maintain continuity, order and
maintenance of common elements. Bylaws allow the Board to:
- Employ personnel necessary for proper operations and maintenance of the facilities.
- Open bank accounts and designate signatories.
- Hire attorneys and other professionals as needed.
- Sign agreements and contracts as needed.
CONTACT INFORMATION
Executive Board members are no different from other homeowners except that they work for the benefit of the whole, without compensation of any kind. Before emailing or phoning a Board member, please ask yourself two considerate questions: (1) is this an issue that the management company (CAMS) can handle and (2) if I were a Board member, would I want to be contacted about this issue at this time? If the answers are no and yes respectively, it makes perfect sense to email or phone one of TVAMs current Executive Board members using the contact information below.
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