Wasatch Commons Management Responsibilities : Overview (draft)

Responsible for the governance, financial health, and maintenance of Wasatch Commons Condominium Association

Primary goals:Their primary goals are to uphold the community's governing documents (CC&Rs) and protect property values. 


Core Responsibilities
Enforcing Rules: Upholding covenants, conditions, and restrictions (CC&Rs) fairly and consistently.
Financial Management: Preparing annual budgets, collecting dues, and overseeing reserve funds for future repairs.
Maintaining Common Areas: Overseeing the maintenance, repair, and upkeep of shared amenities like pools, parks, and clubhouses.
Vendor Management: Hiring and supervising contractors such as landscapers and security services.
Legal Compliance: Ensuring the association adheres to federal, state, and local laws.
Communication: Communicating with residents via meetings, newsletters, and email updates. 

Officer Roles
President: Acts as the CEO/leader of the board, runs meetings, and acts as the liaison with the property management company.
Vice President: Steps in for the president when necessary and often manages committees.
Secretary: Responsible for records, meeting minutes, and notifying members of meetings.
Treasurer: Handles financial reporting, budget preparation, and monitors bank accounts. 

Fiduciary Duties
Board members have a "fiduciary duty" to the community, meaning they must act in the best interest of the association rather than personal interest. This includes the duty of care (making informed decisions), duty of loyalty (avoiding conflicts of interest), and the duty of obedience (acting within the scope of their authority).