Next Annual Meeting
May 10th, 2022
7pm in the GYM
Next Annual Meeting
What is the Annual Meeting?The Oak Hills Homeowners Association Annual Meeting is held once a year for all homeowners and residents to attend. At this meeting, three new Board directors will be elected and any other items of business that require a vote by members of the community. Additionally, Board Directors will provide department updates and homeowners are invited to ask questions or address the Board during an open forum.
As stated in the By Laws (article 5, section 2): The annual meeting of the members of the Association shall be held on the second Tuesday of May of each year if not a legal holiday, and if such Tuesday is a legal holiday, then on the next succeeding Tuesday not a legal holiday. Written notice of each annual meeting shall be given to each member entitled to vote thereat, either personally or by mail or other means of written communication, addressed to such member at his address appearing on the books of this corporation or given by him to this corporation for the purpose of notice. All such notices shall be mailed or dispatched by the Secretary not less than ten (10) days nor more than fifty (50) days before such annual meeting and shall specify the place, the day and the hour of such meeting. Such notice shall also state the general nature of the business or proposal to be considered or acted upon at such meeting. The written proxy authorized by Article V, Section 5 herein shall accompany the notice of annual meeting prescribed by this section. |
2022 MEETING AGENDA 7PM
Please note that on the 20th of every month our current financial statements are posted to every homeowners account with AMS. They are very accessible and easily found on your individual account site. For those of you who are still paying on your Special Assessment and what to know the amount you would have to send AMS to pay off the Special Assessment in total we have posted that amount for each month on our own website. It can be found by hitting "HOA members" and then the "fees and budgets" tabs. |
ITEMS ON THE BALLOT FOR 2022
BOARD AMENDMENT:
| boardamendment__1_.pdf |
MEETING MINUTES FROM LAST ANNUAL MEETING:
| 050521ohhaminutes__3___1_.pdf |
IRS TAX RULING:
IRS Revenue Ruling 70-604TheRevenue ruling 70-604 is a tax election that allows an association to take
advantage of the lower tax rates associated with filing Form 1120, U.S. Corporate Tax Return (generally
taxed at 15%) rather than filing Form 1120H,U.S. Income Tax Return for Homeowners Associations
(generally taxed at 30%). If approved, this election notifies the IRS that the Association plans on using any
excess of member revenue over expenses for the current year in determining assessments for the
coming year. This election and resolution are required by the IRS to be approved by the ownership every
year and has been reviewed by our CPA for propriety. Oak Hills homeowners traditionally have approved
this Ruling as it benefits the Association. Approval of IRS Revenue Ruling 70-604requires a simple
majority of50%+1 of homeowners voting, assuming quorum is met.
IRS Revenue Ruling 70-604TheRevenue ruling 70-604 is a tax election that allows an association to take
advantage of the lower tax rates associated with filing Form 1120, U.S. Corporate Tax Return (generally
taxed at 15%) rather than filing Form 1120H,U.S. Income Tax Return for Homeowners Associations
(generally taxed at 30%). If approved, this election notifies the IRS that the Association plans on using any
excess of member revenue over expenses for the current year in determining assessments for the
coming year. This election and resolution are required by the IRS to be approved by the ownership every
year and has been reviewed by our CPA for propriety. Oak Hills homeowners traditionally have approved
this Ruling as it benefits the Association. Approval of IRS Revenue Ruling 70-604requires a simple
majority of50%+1 of homeowners voting, assuming quorum is met.
CANDIDATES FOR THE BOARD:
MELODY CHEN
KEITH GREGORY
MELODY CHEN
KEITH GREGORY