Board & Committees
Lake Village Community Association Committees
Architectural Review Committee
Communications Committee
Finance Committee
Landscape Committee
Social Committee
Wildlife Habitat Committee
Communications Committee
Finance Committee
Landscape Committee
Social Committee
Wildlife Habitat Committee
Lake Village Community Association Board of Directors
Lake Village Community Association Board of Directors are volunteer members who serve a two year term. Board members are elected by their fellow neighbors each term. The Board is responsible for enforcing the existing CC&R’s set forth in the Bylaws for the Community. It is the responsibility of the Board to enforce the Rules & Regulations that help monitor and maintain the quality of life for Lake Village Residents. Board meetings are held the third Tuesday of each month (except December) at 7 pm in the Association Clubhouse. All members are encouraged to attend. An annual members meeting and elections are held in May. Members interested in running for office are encouraged to request a Board Member Application by contacting Stephanie Biggs with Keystone Property Management Company at sbiggs@keystonepacific.com.
Erin Andrade, President Josh Cummings, VP Gladys Medina, Treasure Valerie Bruce, Member
LAKESIDE CHATS with Board President, Erin Andrade
Monthly Updates on Everything Lake Village, CLICK HERE
Overview of Board Member Responsibilities
Download: HERE
Interested in Running for the Lake Village Community Association Board of Directors
Download: Candidacy Statement
Special Task Force Projects:
The Lake Village Community Association
Board of Directors Fiduciary Duties
Association Fiduciary Duties. A homeowners association has a fiduciary relationship with its members.
Director Fiduciary Duties. Board members have a duty to act with the utmost good faith and reasonable care for the benefit of the association and its members. This applies to directors of both incorporated and unincorporated associations.
A. DUTY OF CARE (Due Diligence; Duty to Investigate).
Directors must be diligent and careful in performing the duties they have undertaken.
Directors must:
1. Attend and participate in meetings so they can be informed about the association's business.
2. Make reasonable inquiry re maintenance issues, rules violations, etc.
3. Make decisions.
4. Keep corporate records.
5. Enforce the governing documents.
2. Make reasonable inquiry re maintenance issues, rules violations, etc.
3. Make decisions.
4. Keep corporate records.
5. Enforce the governing documents.
B. DUTY OF LOYALTY. In addition to the duty of care, directors and officers owe the association a fiduciary duty of loyalty. That means protecting the interests of the association and refraining from doing anything that would injure it.
This includes the following:
1. No Self-Dealing.
Directors cannot use their position of trust and confidence to further their private interests. They must act in the best interests of the association even if at the expense of their own interests. This is more than just embezzlement of funds; it includes steering contracts to family members or taking actions that result in personal benefits to the director at the expense of the association. Violation could result in liability for all profits received, all damages caused by the breach, and punitive damages. "We note that the duty of undivided loyalty applies when the board of directors of the association considers maintenance and repair contracts, the operating budget, creation of reserve and operating accounts, etc. Thus, . . . [directors] may not make decisions for the association that benefit their own interests at the expense of the association and its members."
2. Duty of Confidentiality.
A duty to keep confidential matters confidential falls under the duty of loyalty. Breaching the duty of confidentiality could result in harm to the association, which would be a breach of the Duty of Loyalty. See "Director's Duty of Confidentiality."
3. Duty to Preserve Common Areas.
Boards have a duty to protect, preserve and enhance the assets of the association. An association's primary asset is the common areas.
4. Duty to Support Board Decisions.
The duty of loyalty can extend to the support of board decisions. Because board members are entrusted with the money and property of the association they must avoid conflicts of interest.
Breach of Duties.
Board members are held to a high standard of conduct, the breach of which may subject each or all of them to individual liability. Board members can, however, make incorrect decisions, as well as correct ones, so long as it is faithful to the corporation and uses its best business judgment.
Delegating Duties.
Upon their election to the board of directors of a common interest development, boards have the authority and duty to act on behalf of the association. Boards can delegate many of their duties. However, there are some duties that are nondelegable.
Business Judgment.
In determining whether directors violated their fiduciary duties, courts will use the Business Judgment Rule. To avoid potential breaches, boards should adopt an ethics policy to guide directors. “Notwithstanding the deference to a director’s business judgment, the rule does not immunize a director from liability in the case of his or her abdication of corporate responsibilities.” "A director cannot close his eyes to what is going on about him in the conduct of the business of the corporation and have it said that he is exercising business judgment.”
Personal Liability.
Personal Liability.
As volunteers, directors are protected from personal liability through the governing documents and various laws provided they meet certain standards. See "Protections Against Liability."
Statute of Limitations.
Statute of Limitations.
The statute of limitations for an action against an association or board member for breach of fiduciary duties is three (3) years from the discovery of the wrongful act.