Resolution 5.0 - Litigation & Foreclosure
5.0 Title: Authority to Enter into Litigation or Foreclosure:
“WHEREAS, the Declaration of Covenants, Conditions & Restrictions of the Cordova Club as amended (the “Covenants”) provide in Section 9.6 for the enforcement of the Covenants by a proceeding at law or in equity and further provide in Article X for imposition of a lien against an Owner’s property for violation of the nonpayment of assessments and the enforcement of the lien by non-judicial foreclosure: and
WHEREAS, several Owners of lots within the Cordova Club have outstanding balances on their account and, in many instances, have liens filed against their property; and
WHEREAS, it is in the best interest of the Association to pursue legal action, whether by litigation or foreclosure to collect these outstanding balances.
NOW, THEREFORE, be it resolved that either the President or the Treasurer of the Association, individually, has the power to hire an attorney to collect any outstanding balances on an Owner’s account either by litigation or foreclosure, at the discretion of such officer.”
Dated May 14, 2002