The RomeRock Association Referendum Ballot

This note is for informational purposes only. It is not a recommendation.

This is about why you received a RomeRock Association Referendum ballot (Referendum Ballot).

On May 10, 2016, the RomeRock Association Inc. (Association) mailed to each Active Member a Referendum Ballot.

This Referendum Ballot is the result of the Settlement Agreement from the lawsuit by Neighbors for a Better Roaming Shores against the RomeRock Association Inc. The Settlement Agreement with this Referendum Ballot was agreed to by the Board of Directors (Board) to reduce future legal costs to your Association defending against this lawsuit. Without going to trial, out-of-pocket legal costs are now in excess of $35,000.

The Referendum Ballot is about whether or not to keep the By-Law Amendment that requires the Board to get a simple majority of the voting Active Members to agree to loans or assessments over $500,000.

The ballot language, written in legalese, can be confusing. Read it carefully.

A ‘YES’ vote means that you want the Board to do away with the Amendment. This allows the Board to borrow or assess any amount of money without a Member vote.

A ‘NO’ vote means you want the Board to keep the Amendment as is. The Board must first bring any borrowing or assessing in excess of $500,000 per project to a vote of the Members.

David King, the Association Attorney, will receive Referendum Ballots until June 7, 2016.

This note is for informational purposes only. It is not a recommendation. For details and more information, please read your Referendum Ballot and By-Laws carefully.