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Official Notice of Bylaws Amendment - December 2013

The Board of Directors of the WRAR Corporation and the MLS Corporation each recommend that the membership adopt the amendments below to the respective Bylaws. The rationale for the request is that the insurance deductible is now $30,000; without amending the Bylaws, the Board would be prevented from authorizing the expenditure needed. The increased insurance deductible is the result of hazard insurance and wind and hail insurance. The amendments will be considered at the Holiday Meeting and Awards Luncheon on December 4th. (blue text is insertion; red text is deletion)

MLS Bylaws, Article 6, Section 4. Board of Directors: The Board of Directors shall administer the day to day finances of the Service. A single non-budgeted expenditure in excess of $30,000 $12,000 within a fiscal year shall not be made unless approved by a majority of the votes cast by participants eligible to vote, either by absentee ballot cast any time after the notice of the meeting is given up until close of business the day before the meeting or being present at a duly called meeting.  Each member is to be given notice at least ten (10) calendar days before such meeting.

WRAR Bylaws, Article 10, Section 8. Expenditures and Right To Adopt Rules A single non-budgeted expenditure in excess of $30,000 $12,000 within a fiscal year shall not be made unless approved by a majority of the votes cast by Association members eligible to vote either on-line by ballot cast any time after the notice of the meeting is given up until close of business the day before the meeting or being present at a duly called meeting. Each member is to be given notice at least a 10-calendar days before such meeting. The Board of Directors shall have the right to audit all books and accounts at any time without notice. The Board of Directors shall have the power from time to time to adopt such rules, regulations, and policies as they may deem appropriate.

[Clarification added to opening paragraph above on 10/3/13, noted in green text.]

Local Home Sales Continued to Rise in September

Click the above link to view all of the latest local residential market statistics based upon data pulled from your MLS on October 10, 2013.

Residential Statistics - September 2013 Comparison Chart

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