Prescott Place Subdivision

Key facts from Prescott Place Subdivision's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential subdivision (Article I, Section 1.01)

Developer / declarant

Prescott Properties, L.L.C.

Assessments & dues

Board of Directors of Association shall fix amount of annual assessment (Article V, Section 5.07 (page 11))

Special assessments

May be levied for capital improvements with assent of 51% of total votes and approval of Developer (while Developer owns portion) (Article V, Section 5.05 (page 10))

Collections & liens

Unpaid assessments become a continuing lien on the Lot; after 60 days delinquency, written demand; if unpaid 10 days after demand, Association may file claim of lien and foreclose like mortgage (Article V, Section 5.09(b) (page 11-12))

Reserves & fees

Board of Directors may establish late charge for assessments not paid by due date (Article V, Section 5.09 (page 11))

Pets

Dogs and/or cats only, not to exceed two (2) per Lot, no commercial purpose (Section 2.03 (page 3))

Fences

Fences must be approved in advance by Committee; no fence obstructing sight lines (Sections 2.20 and 2.26)

Architectural approval

All plans and specifications for any improvements must be approved in writing before construction (Article III, Section 3.02)

Setbacks / home size

Front 50 feet, side 15 feet, rear 50 feet (as required by City of Helena) (Article I, Section 1.04)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively (Article I, Section 1.01)

Voting & meetings

One vote per Residential Lot; when multiple owners, they determine how vote cast but no more than one vote per Lot. Developer exclusively entitled to vote all matters as long as Developer owns any portion of the Development (Article IV, Section 4.01 (page 8-9))

Amendments

May be amended (a) solely by Developer while Developer owns Lots, if no material adverse effect on Owners' rights; or (b) by 51% vote of all votes in Association plus written agreement of Developer (Article VII, Section 7.04 (page 14))

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