Chelsea Station Third

Key facts from Chelsea Station Third's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Chelsea Station Owners’ Association, Inc.

Units / lots

140 (Recitals: "139 out of 140 votes")

Developer / declarant

Chelsea Station, LLC

Assessments & dues

FOUR HUNDRED and NO/100 DOLLARS ($400.00) per Lot for 2013 (Base Year) (Section 8.3(a) (page 3))

Special assessments

Special Assessments allowed per Section 8.4; if budget inadequate, Board may call meeting to approve Special Assessments (Section 8.1 (page 2) and Section 8.3(c) )

Collections & liens

All Assessments together with late charges, interest, court costs and attorneys' fees shall be an equitable charge and continuing lien upon each Lot; lien may be enforced as provided in Section 8.7(c); each Owner personally liable; co-Owner (Section 8.1 (page 2-3))

Reserves & fees

Board may establish and maintain a reasonable reserve fund for inspections, maintenance, repair and replacement of Common Areas, emergencies, and unforeseen operating contingencies or deficiencies (Section 8.3(e)(ix) (page 6))

Amendments

Pursuant to Section 10.3 of Declaration, amendment requires vote of at least 51% of total votes in the Association at an annual or special meeting (Recitals (page 1))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.