Stone Oak’s new board to be appointed, increased to 11 seats

Having passed the Dec. 31 deadline calling for the termination of Stone Oak’s current governing body, the Property Owner’s Association recently changed by-laws regarding the make-up of its future leaders. In order to provide a smoother transition, the first new Board of Directors will now be appointed by the current Project Planning Committee and will have a staggered term of office.    
 
The association’s by-laws had originally called for the new board to be elected at Stone Oak’s Annual Meeting Jan. 23 and serve a term of one year. However, in order to avoid an entire overhaul of experienced leaders, initial board members will now be appointed and serve either one or two-year terms. Thereafter, board members will be elected by Stone Oak property owners for two-year terms. 
 
Other by-law amendments, approved during a special meeting Jan. 3, expanded the number of seats on the board from seven to 11 and called for the entire board to be filled only by members of the Stone Oak Property Owner’s Association. Five board seats will now be held by Stone Oak residents. Representatives of area businesses or multi-family properties will fill another five seats and the final position will be reserved for a Chairman of the Board.
 
Stone Oak’s current leading body, the Project Planning Committee, is comprised of developer-interest representatives. Stone Oak’s master plan originally called for the association’s leading positions to be handed over to the residents once 90 percent of the area was occupied. However, due to the designated use of land which reserves large amounts for open space and the Sonterra golf course, it became apparent the 90 percent mark would never be reached. Instead, the Dec. 31, 2007 deadline automatically calling for the termination of the Project Planning Board regardless of Stone Oak’s occupancy rate was put in place.     
 
The new Board of Directors will assume all duties and responsibilities of governing the association following the Jan. 23 annual meeting. The Project Planning Committee will remain in control until then, despite the Dec. 31 deadline. The association’s leaders are responsible for administering and enforcing all covenants, restrictions, rules and regulations outlined in Stone Oak’s master plan, maintaining and repairing all common areas, granting permits and licenses, approving or rejecting requests for land use changes, controlling operating funds and obtaining and paying for the association’s management company.   
 
Stone Oak’s Annual Meeting will begin at 7 p.m. Wednesday, Jan. 23 at Holy Trinity Banquet Hall, 20523 Huebner Road.
 
For a complete list of the by-law changes approved Jan. 3 click here.