What percentage of Total Voting Interest (TVI) is required to petition the board to address an item?

To effectively petition the board to address an item, a threshold of at least 20% of the Total Voting Interest (TVI) is required. This percentage is significant as it establishes a level of support among members of the association, ensuring that the issues raised have a substantial backing before the board is compelled to take action.

This requirement encourages participation among community members and ensures that the board addresses concerns that reflect the interests of a considerable segment of the community, rather than just a vocal minority. It fosters a sense of unity and shared governance, which is essential in the operational dynamics of community associations. By setting this benchmark, the governing documents help maintain a balance between the board's authority and the rights of the members to influence decisions that affect their community.