The Chestnut Hill Condominium Association Board is an elected body of volunteers whose purpose is to build a strong community by managing assets, ensuring compliance with covenants and by-laws, and preserving property values of owners.

GOALS/RESPONSIBILITIES:

 

1. Managing assets:

·         Quarterly review of association bills and receipts

·         Monthly review of bank statements

·         Supervise the selection and approval of contracts for service providers

·         Create and maintain an annual budget, determine monthly condo fees

·         Establish and secure reserve funds

·         Select an auditor, attorney, insurance agent, management company, and other professionals for the association

        

2. Ensure compliance with covenants/by-laws:

·         Arbitrate disputes

·         Hold hearings/ authorize legal action against owners who don’t comply

·         Schedule monthly meetings to hear homeowners’ comments, dispatch

old business, consider new business

·         Hold annual elections

   

3. Preserve property values of owners:

·         Monitor management company’s performance and provide feedback

·         Facilitate issues of building maintenance, grounds management, upkeep and repair of common property areas

·         Authorize common area improvements

·         Provide adequate coverage for insurance through the condominium’s master policy