Info Bytes 07.14.22
CIC Info Bytes are frequent, succinct updates that provide educational and engagement opportunities to help your community thrive! Subscribe to receive CIC Info Bytes updates by email . Join us on Reddit at r/HOA .
ISSUE # 41
CIC Info Bytes 07/14/22
CIC Info Bytes are frequent, succinct updates providing educational and engagement opportunities that help your community thrive! Please forward and share this newsletter with your peers, neighbors and colleagues so they can connect and join .
Our goal is to curate content that provides a robust basis for contextual understanding to support practical takeaways for you and your association. This bi-weekly newsletter is packed to the brim. We've done our best to create meaningful section breaks and incorporate engaging visuals. When in doubt, Ctrl + F!
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The Latest
Take the 2022 RESERVE QUESTIONNAIRE
As always, YOUR participation is key! Please grab your favorite beverage, get comfy and relax your way into this ~15 minute survey.
Full results will be published the first week of August! View results from 2021
We've kept our focus on investing as budget-busting inflation continues at home and across the globe.
CPI @ to 9.1% = YIKES! View: Five Charts Explaining why Inflation is at a 40yr High
Are your reserve funds stuck in a bank account earning 0.01% APR?!?
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Check out Principal Guaranteed Securities: Don't Trade CONVENIENCE for YIELD to learn more about easy ways to maximize returns.
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HINT: Get your money out of the bank and into a short-term US Treasury Bill (T-Bill)
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David E. Rovella Bloomberg News: One Fed official conceded on Wednesday that the central bank may even consider a one percentage-point rate hike when officials meet this month. It would be the largest increase since the Fed started directly using overnight interest rates to conduct monetary policy in the early 1990s. According to Atlanta Fed President Raphael Bostic , “ everything is in play ”.
Total Savings
$46,351: the difference between 1% and 2% APR compounded annually on an initial investment of $100,000.
Are your investments earning at least 2%?
3 months US Treasury Bills (T-Bills) are paying 2.44% as of July 14
Principal Guaranteed Securities: Don't Trade
CONVENIENCE for YIELD
DOLLAR$ and SEN$E: Are you Investing, Gambling, or Guessing?!?
Governance Matters
Ducks Have Sent this HOA Into the Lagoon
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Case# 202234515 - LAKELAND VILLAGE COMMUNITY ASSOCIATION INC vs. ROWE, GEORGE H III
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This story is definitely all it's quacked up to be…
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Not for the birds: a web-footed folly for sure!
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Plaintiffs have made no argument that the defendants have broken a rule prohibiting feeding wildlife. Their arguments are filed in the original petition and seem to be tenuous at best.
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Does/Is feeding the ducks:
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disturb the peace or threaten the safety of the occupants of other Units? Ducks are fairly safe…and tranquil!
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cause an unclean, unhealthy, or untidy condition to exist outside of enclosed structures on the Unit? Perhaps untidy depending on exactly where the ducks are being fed...
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a noxious or offensive activity that causes embarrassment, discomfort, annoyance or nuisance to a person using the Common Area or to occupants of other Units? They're ducks!
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materially disturb or destroy the vegetation, wildlife, wetlands or air quality with the Community ... or results in unreasonable levels of sound or light pollution? A material disturbance of wildlife? [quacking noises]
Discussion Highlights
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Does your CIC have a rule forbidding commercial vehicles from parking in driveways? Rage against the machine?
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Resource Updates
We're constantly making updates and adding new content. These are just two highlights. Condo Connection offers over 70 pages of content that's free to view day and night, wherever you are!
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UPDATED! EMERGENCY PREPAREDNESS
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We're biased, but we think you'll find our Emergency Preparedness page is the best one-stop shop for resources that will help you establish, maintain and update emergency-related documentation for your community.
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N.B. Multi-family residential properties in Seattle (and many other cities) require an emergency plan by code . Don't have a plan? See the links above for free ideas!
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NEW! CLEAN, QUIET, NUISANCES & HOARDING
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The internet is awash with questions about how to deal with hoarding, unsanitary conditions, smoking and nuisances. Your state statutes might offer little to no specific direction, but most multi-family common interest communities (typically condominiums and co-ops) include language in their declaration / CC&Rs related to cleanliness and quiet enjoyment.
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CIC State Statute Database Project
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We need YOUR help to create a comprehensive CIC state statute database
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Please email us if you're interested !
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+++ Have a question that you'd like to ask directly to your peers? Ask YOUR listserv! +++
Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors
A Note About Ukraine
The people of Ukraine are undergoing tremendous displacement from their homes coupled with loss of life, tragedy and suffering. Considering the global landscape can help us gain perspective in our daily lives. CIC Info Bytes readers expressed their support for Ukraine last year. Please voice your own support!