Afterwards, the board of directors filed an insurance claim against its insurance company, filed to rescind the land deal, and notified the 150 unit
owners of a $ 500 /
owner special assessment that would be
used to pay the attorneys» fees as
well as paying the
judgments ordering return to the unit
owners of their original $ 1,500 assessment, which had been
used to buy the property now held to be a land deal made without proper authority.