The second paragraph of proposed action #3 is not clear. It states that “the multiplier can be up to 2.0 as determined by the board”. “HOWEVER, THE BOARD MAY CHANGE THE MULTIPLIER AT ANY TIME …” The wording is ambiguous. It appears to give the board the authority to increase the multiplier beyond 2.0 without member approval. Could you please clarify this point?
The Master Declaration language, as stated above, indicates, “the multiplier can be up to 2.0 as determined by the board.” This limits the board to no higher than 2.0. If there were no limit the language would not include “up to 2.0”.