HOA Special Assessment
Hi,
I live in a condo unit in San Mateo, CA county. The HOA is planning a special assessment of over 50K per unit for major repairs ( some of them cosmetic). The HOA decided to do a secret ballot voting and 25 out of 40 residents voted.
Out of the 25 votes, 13 agreed and 12 disagreed.
Now, based on the CCR and California Laws online that I read, it is said 50% quorum is needed to approve the assessment.
Does the above scenario constitute a approval?
Based on my understanding of quorum, atleast 21 residents with voting should have agreed.
It would be really helpful, if someone over here can point me in the correct direction.
Regards,
Kamal