Is board extorting us with new fees?

Q: All owners in our homeowners association received a demand notice citing “the community’s covenants regarding mandatory reserve funding.” This notice gives only an eight-day notice to make a $100 payment per household and a 38-day notice of a monthly increase in the “road” fund from $1 to $8. A search of recorded documents shows no trace of anything to support these demands. The word extortion comes to mind. Your thoughts would be most appreciated.    Read more………..

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