On Saturday, September 7, 2019, a “Special Meeting” was held at the Waterford Pool to determine how the Owners wanted to handle the recent discovery that Waterford’s governing documents (written in 1984) state that “use of Common Properties shall be limited to that of the Owners, tenants of Owners, and their guests.”   According to the opinions of legal counsel, the HOA’s current practice of selling pool memberships to the public was likely occurring outside of bylaw guidelines. A vote was held to determine whether to:

1. Amend the bylaws to eliminate the text, “use of Common Properties shall be limited to that of the Owners, tenants of Owners, and their guests”.
    
2. Amend the bylaws to allow only a limited number of public memberships to be sold, and increase Owners annual HOA dues to $380 which would include full pool access to all Waterford Owners.
    
3. Increase Owners annual HOA dues to $480, which would include full pool access to all Waterford Owners and their guests at no additional charge.

70% of the 429 Owners either attended the special meeting or voted ahead of time by proxy. Of the 296 possible votes in attendance or submitted by proxy;  171 voted for Option 1; 47 voted for Option 2; 75 voted for Option 3; and 3 abstained. 

Thus, of the votes cast, 57% were for option #1.  The threshold for Option 1 to pass was a simple majority, so Option 1 passed.  The Board will therefore amend the Bylaws pursuant to Option 1.

The HOA Board appreciates everyone sharing their thoughts and opinions.

If you see houses being advertised as “located in the desirable Waterford Neighborhood” on real estate listings, here is one way to check if you are looking at similarly named neighborhoods, or THE actual “Waterford” with its beautiful amenities. Only the purple section shows “Waterford” homes.

Resource: Forsyth County, NC geomap