Board of Directors Overview
The Reserve at Frisco Association consists of Reserve property owners, who have the responsibility of administering the Reserve property and the affairs of the Association through a Board of Directors. This section is intended to provide an overview of the Board of Directors and their general responsibilities and powers. For the finer points, please refer to the By-Laws of the Reserve at Frisco Association.
The Board of Directors consists of between three and seven Directors who typically are members of the Association but also may be delegates of members appointed by proxy. Directors are elected by members of the Association and serve three-year terms in a system in which about 1/3 of the Board are elected each year.
Currently the Board meets quarterly in January, April, July and October, with additional meetings called as necessary. An annual meeting of members is held around the time of the Fourth of July holiday for the purpose of electing Directors and for the transaction of other business that may come before the meeting.
The Board of Directors has the delegated powers necessary for the administration of the affairs of the Association and for the operation and maintenance of a first class residential project. A complete list of those responsibilities and powers can be found in the Bylaws; briefly, a few of those responsibilities and powers are:
- To administer and enforce the covenants, conditions, restrictions, obligations and all other provisions set forth in the Declaration, the Articles and the Bylaws;
- To establish and enforce compliance with reasonable rules and regulations as may be necessary for the operation, use and occupancy of the Reserve and the Preservation Area;
- To keep in good order, condition and repair the Preservation area and all items of personal property owned by the Association;
- To protect and defend Reserve property from loss and damage; To impose penalties and collect delinquent assessments; To enter into contracts within the scope of their duties and powers;
- To keep and maintain detailed, full and accurate books and records.
The officers of the Association are elected from among the members of
the Board of Directors and include a President, one or more Vice
Presidents, a Secretary, and a Treasurer. Additionally, the Board may
elect other officers, assistant officers, committees and agents at they
may consider necessary or advisable.
Any property owner interested in serving on the Board is encouraged to let his/her interest be known to any Director or to the property manager.