The Brookside Village location in South Redondo Beach is an attractive property. Originally built as multi-unit apartment buildings in the 1970's and converted into homeowner association condominiums in the 1980's. Since incorporation, the original CC&R's have never been updated to modern legislation under the CA Davis-Sterling Act. This alone causes many and frequent frustrations for the 385 homeowner members within the HOA. For instance, the CC&R's allow for elections of the entire Board on an annual basis.
Over the years, this community has experienced long-term periods of pleasant living under professional management, occasionally with short-term interruptive years of unfortunate self-management by residents. Nearly a decade ago, this association was managed by a group of unqualified residents, who had quickly put the association in financial jeopardy by exhausting cash, borrowing from Reserves, not preparing proper budgets and failing to rely on legal experts and appropriately raising assessments moderately over time.
2008, new leadership by residents with financial and business expertise had been elected. A new on-site general manager and a new property manager attracted new business leaders each year thereafter to step forward and manage the property. The association had flourished with long term goals despite troubled economic times and a moderate rate of foreclosures.
Today, the general manager is gone and the association is once again self-managed by an unqualified, egotistical Board made up of school teachers and retired individuals with outdated thinking. Where will this Board of Directors lead the association? Not sure, but projections can be made from the past because these are the very same people who self-managed the association in 2004-2007.
