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What would happen if/when … – May 29, 2025.

    The following is a summary of events that, based on the Homestead Master Declaration, would take place if/when the current Declarant terminates his interest in the Homestead Common Open Space.  Keep in mind that RCW 64.90 now mandates that Declarant control of Homestead will cease on January 1st 2028.

    1. Declarant declares in writing the conveyance of the COS to the Homestead Owners Association, which obligates the homeowners to form the association.

    2. Declarant transfers all associated Deeds to the Homestead Owners Association Nonprofit LLC.  This nonprofit LLC could be the existing one that was created during the early phases of the lawsuit or a brand new one.

    3. Within 30 days of the transfer of the deeds, a special meeting will be held to include all of the Homestead community.  The agenda will be as follows:

      1. To confirm the form of the association to be as a non-profit corporation.
      2. Election of at least a seven-member board of directors.  It is important to note that the declaration clearly spells out that each Homestead parcel will have only one vote.  Representative plaintiffs for the lawsuit will not have any advantage or benefit over other Homestead homeowners.  Here are the seven board positions and the length of term.
        • Position 1 Three Year Term (President?)
        • Position 2 Three Year Term (Treasurer?)
        • Position 3 Two Year Term (Vice President?)
        • Position 4 Two Year Term (Secretary?)
        • Position 5 Two Year Term (General Board Member)
        • Position 6 One Year Term (General Board Member)
        • Position 7 One Year Term (General Board Member)

    After the board is elected, they will meet on a regular basis and carry out the association business.  Examples of business during the first few months would be…

    • Schedule future association meetings.
    • Establish a collection system for HOA maintenance dues (software, mailings, etc.…)  Collect all reserve funds and misdirected payments from 18 Paradise.
    • Hire maintenance personnel / contractors for cleanup and routine maintenance of the Homestead Common Open Space.
    • Schedule a meeting with Puget Sound Energy to establish requirements for turning over streetlight ownership to them.   

    The Homestead Common Open Space is mostly comprised of grassy areas, a small park, and landscape surrounds.  There are no expensive clubhouses, tennis courts or swimming pools to maintain.  The costs associated with this type of HOA is minimal.