An occasional presentation by the YLOA Communications Committee to help residents understand their community and what makes it a place to love where you live.
DORs and bylaws
Every lot/homeowner should have a copy of the YLOA bylaws & DORs (Declaration of Restrictions). These documents are included in the escrow package when you purchase your lot/home.
If you do not have these important documents, you can get them here:
What is the difference between DORs and bylaws?
DORs are the rules of your neighborhood. They describe the requirements and limitations about what you can do with your property. The goal of the DORs is to protect, preserve, and enhance property values in the community.
Bylaws are the written rules agreed upon by the people in charge of an organization to formalize how decisions can be made and business conducted. It is the main governing document for a nonprofit corporation.
Like the Constitution, bylaws deal with governing issues such as: organizational purpose, board structure, officer position descriptions and responsibilities, terms of board service, officer/board member succession and removal, official meeting requirements, approved business activities, membership provisions, quorum percentages, voting rights and privileges and other issues that are part of management.
What is a Homeowners Association (HOA)?
Did you know that Yosemite Lakes Park (YLP) is an HOA? An HOA is formed for the purpose of managing a residential development consisting of single-family homes and rental homes on individual lots.
Yosemite Lakes Owners’ Association (YLOA) is a nonprofit corporation, planned community that makes and enforces rules for the properties within its jurisdiction. When you purchase a home or a lot in YLP, you automatically become members and are required to pay dues, known as HOA assessments.
The primary task of the association, through its Board of Directors and General Manager, is to maintain, repair, and replace the common areas, which protects the property values of its members.
Did you know the YLOA Board of Directors consists of seven directors, each of whom serve two-year terms?
The officers of the board are the president, vice president, secretary and treasurer. They are chosen by the Board of Directors.
Per Yosemite Lakes Owners’ Association bylaws, the duties of the officers are:
The president (chief executive officer) shall have general supervision, direction, and control of the business and officers of the association. Presides at all meetings of the members and of the board of directors.
The vice president, in the absence of the president, performs all the duties of the president and has all the powers and restrictions as the president. The vice president can have other powers to perform other duties as prescribed by the Board of Directors, president, or bylaws.
The secretary shall keep or cause to be kept, at the principal office or other such place as directed by the Board of Directors, minutes of all meetings of directors and members.
The treasurer shall keep or cause to be kept and maintains adequate and correct accounts of the properties and business transactions of the association, including accounts of its assets, liabilities, receipts, disbursements, gains, and losses.
Ref: Amended YLOA bylaws