BOARD OF DIRECTORS

 

The Falconbridge Homeowners Association is a non-profit organization incorporated in the State of North Carolina. It is governed by a Declaration of Covenants and Bylaws that are subject to the various provisions of the Covenants. They may both be amended from time to time.  In addition, the Board of Directors may interpret certain provisions of the covenants where they are ambiguous and in need of clarification.  This is particularly true in determining the respective responsibilities of homeowners and the Association. Click on the desired link to proceed to the Declaration of Covenants, the Bylaws and Guidelines to the Declaration of Covenants.

 

Board of Directors. Membership on the Board of Directors is by election by the homeowners. Each director serves a three-year term and may be reelected to more than one term. Officers of the Association, who also serve on the Board of Directors, are a president, vice president, secretary and treasurer. Every director is a volunteer and is not compensated in any way.

 

The Board of Directors meets once a month on the third Monday of the month at 7:00 PM in the Community Clubhouse. Homeowners are welcome to attend meetings and may express any concerns at the beginning of the meeting. An Annual Meeting of the Association is held in April of each year. At that meeting directors are elected and any other business of Association conducted.

 

The Board of Directors conducts its business through committees.  The current committees are Facilities, Landscaping, and Nominations.  The Board is generally concerned with policy issues but frequently must delve into operational matters.  It has a fiduciary responsibility to the members of the Association. It bears responsibility for fulfilling its contractual commitments to homeowners and maintaining the Association’s fiscal integrity.  To that end, an annual audit of the Association’s books is conducted by a Certified Public Accounting firm. A copy of the audit report is available at the Annual Meeting and by request to Talis Management Group.

 

Management Services. In order to implement the Board’s commitment to serve the needs of homeowners, the board has contracted with a management firm, Talis Management Group, of Raleigh. Talis assigns a manager for this Association who meets with the Board each month and seeks to respond to Homeowner’s concerns.

 

Association Finances. The financial resources of the Association are provided by an annual assessment of each homeowner that may be met by monthly payments. The Board of Directors is authorized to increase the assessment annually by the cost of living index.  Larger increases must be approved by vote of the homeowners.  In addition, one time assessments to cover major capital expenditures may be recommended by the Board of Directors for approval by homeowners. An annual budget is approved by the Board of Directors and may be viewed on this web site.

 

Ron Johnston, president of the Board of Directors