From the HOA Act:

(a)(1) Subject to the provisions of paragraph (2) of this subsection, all books and records kept by or on behalf of the homeowners association shall be made available for examination and copying by a lot owner, a lot owner's mortgagee, and their respective duly authorized agents or attorneys, during normal business hours, and after reasonable notice.

(2) Books and records kept by or on behalf of a homeowners association may be withheld from public inspection to the extent that they concern:

(i) Personnel records;

(ii) An individual's medical records;

(iii) An individual's financial records;

(iv) Records relating to business transactions that are currently in negotiation;

(v) The written advice of legal counsel; or

(vi) Minutes of a closed meeting of the governing body of the homeowners association.


2(iv) would apply to keep a contract private while under negotiation. If the contract is signed it is no longer under negotiation. It is what it is. The parties to the contract, however, may be negotiating changes and those would be subject to privacy. No one has asked to see any items under negotiation, only what is signed, sealed and delivered.

Whether Joe Moore has advused the board to keep private is unknown, but would not surprise me.

Regardless, the board can make the contract public and should.

PS -- you quoted Rick's message but posted to me.