I just received my annual meeting notice for Cypress Palms. There are 2 amendments for the Articles of Incorporation. The First Amendment proposes to change the amendments to one (1) vote per Annual Ownership Interest and 1/2 vote per biannual ownership. It also proposes to give one (1) vote per for each 77,000 Points owned by the Developer.
Am I reading this correctly? The way I interpret is that an owner with 300,000 points on one contract will receive only one (1) vote, a million point owner under one contract will only receive one (1) vote, etc.. If this is the case this does not seem fair to the owners.
Am I reading this correctly? The way I interpret is that an owner with 300,000 points on one contract will receive only one (1) vote, a million point owner under one contract will only receive one (1) vote, etc.. If this is the case this does not seem fair to the owners.