2021 SOA BOD Elections and Budget Ratification

election results 2

The Somersett Owners Association (SOA) Annual Homeowner Meeting was held at The Club at Town Center on Monday, November 15th, and contained the following two agenda items: 1) Board of Director (BOD) Elections and 2) 2022 Budget Ratification.

BOD Elections

Four candidates were running for the two open BOD positions previously held Simon Baker, who is moving out of Somersett, and Craig Hanson, who had previously resigned his position. Ballots were opened at the Meeting with the resulting vote counts:

Anna Olea-Moger  –  605
Clint Maples  –  512
Pete Platt  –  266
Barney Siri  –  124

As the two highest vote getters, congratulations to Anna Olea-Moger and Clint Maples on their election to the Board. Also, kudos to Pete Platt and Barney Siri for their unselfish interest in serving the Community. The new Board met subsequent to the election and selected the following to serve as Officers:

President: Mark Capalongan (continues to serve in this position)
Secretary: William O’Donnell (continues to serve in this position)
Treasurer: Clint Maples (replaces outgoing member Simon Baker in this position)
Vice Presidents: Jacob Williams and Anna Olea-Moger

Approximately 810 ballots from eligible Association members were received, which only represent about 25% of the total. Therefore, it appears that the BOD elections continue to not be a high priority for most owners, with 2021 being even lower than in past years, which were in the 30%-35% range.

2021  Budget Ratification

With regard to ratification of the 2022 Budget, this is just a formality, as rejection by owners is next to impossible to accomplish. To understand this, the reader is referred to the following provision of the SOA’s CC&R’s:

Article II, Section 6. Budget. The Board shall adopt a proposed budget for each calendar year based on the projected common expenses of the Association, which shall include a reasonable reserve, Within thirty (30) days after adoption of any proposed budget for the Association, the Board shall provide a summary of the budget to the Owners, and shall set a date for a meeting of the Owners to consider ratification of the budget not less than fourteen (14) nor more than thirty days after mailing of the summary. Unless at that meeting seventy-five percent (75%) of all voting power of Owners rejects the budget, the budget is ratified, whether or not a quorum is present. If the proposed budget is rejected, the periodic budget last ratified by the Owners must be continued until such time as the Owners ratify a subsequent budget proposed by the Board.