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Public hearing scheduled
Thursday, March 11, 2021
(March 12, 2021) The Ocean Pines Board has scheduled a public hearing on March 27 at 9 a.m. in the community center, on a proposal submitted in a petition for a referendum.
The Association mailed notice of the hearing to homeowners, this week.
The following is a copy of the proposal contained in the petition being presented to the members to vote on by referendum and the subject of the hearing:
Should OPA By-Laws Section 5.13.(d)(1) be amended to read "If the total estimated cost, capitalized in accordance with generally accepted accounting principles, of any single capital expenditure exceeds One Million Dollars ($1,000,000.00), the proposed single capital expenditure SHALL require approval of the members by a referendum"?
The ballots, a copy of the proposal in the petition, a brief explanation of the proposal written by the petitioner, and a statement of position by the Board of Directors will be distributed not later than 30 days after the hearing.