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Heritage Village Master Association

The purchase of a home in Heritage Village brings with it membership in the Heritage Village Master Association (HVMA). With that membership comes certain obligations, financial responsibilities, and a commitment to abide by use restrictions and other rules of the association. To a degree, it necessitates individual conformity for the good of the community.

The HVMA is responsible for the upkeep of common elements of the Village as well as the management and operation of the association's business affairs - all in accordance with policies and standards established by the governing documents of the individual condominiums and the Master Association.

The HVMA Board of Trustees carries out these duties and responsibilities.

The board's authority includes all of the powers and duties enumerated in general law, as long as these powers are not inconsistent with the provisions of the documents governing the association.  Members of the board  serve without compensation.

The Board of Trustees  defines the policies for the HVMA. It is the employees and agents that carry out these policies and administrative functions for the benefit of the owners. The members of the board of directors and its officers have a fiduciary relationship with the members of the association. This fiduciary relationship imposes obligations of trust and confidence in favor of the corporation and its members. It requires the members of the board to act in good faith and in the best interests of the members of the association. This means that board members must exercise due care and diligence when acting for the community, and it requires them to act within the scope of their authority.

The fact that the association is a not-for-profit corporation, or that the members of the board are volunteers and unpaid, does not relieve them from the high standards of trust and responsibility that the fiduciary relationship requires. When a member accepts a position on the board of directors, he or she is presumed to have knowledge of the duties and responsibilities of a board member. Board members cannot be excused from improper action on the grounds of ignorance or inexperience and liability of board members for negligence and mismanagement exists in favor of the association and the property owners.

Each board member must recognize the fiduciary relationship and the responsibilities that the board has to the association and each of its members. The board's duties must be performed with the care and responsibility that an ordinary prudent person would exercise under similar circumstances and the ultimate responsibilities of these unique positions cannot be delegated to a manager, a management company, or other third party.

Serving as a board member is a valuable and rewarding experience that should be undertaken by those who see it as an opportunity to serve their fellow neighbors while protecting and enhancing the assets of the community. It is serious business, but also a task worth doing well in order to safeguard the investments of all.

It helps to remember that board members are homeowners, too and occasionally may feel unappreciated for the unpaid work they've been doing for the benefit of all.. So, take a minute and when the opportunity presents itself, tell those volunteers "THANK YOU."  Starting with you right now - make Heritage Village a source of pride.