Troon Verde

Key facts from Troon Verde's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (homeowners association) (Article 1.9 (Association definition))

Developer / declarant

King Management, Inc., a Montana corporation (Article 1.17, page 6)

Assessments & dues

Set by Board based on budget; for Fully Assessable Lots: total budget divided by number of Lots; for other Assessable Lots: 50% of Fully Assessable Lot assessment. (Section 6.2.2, page 24)

Special assessments

Levied for construction, reconstruction, repair or replacement of Common Area; requires assent of 2/3 of votes cast at meeting. (Section 6.3, page 25)

Collections & liens

Assessment Lien created by Declaration; records as notice; priority after tax liens and first mortgage; Association may foreclose like a mortgage; demand and 10-day notice required before recording lien. (Sections 6.1, 6.7.2, 6.7.3, 6.7.5, pages)

Reserves & fees

Working capital funds allocated to reserves; surplus may be carried forward; Board may choose not to reduce assessment because of surplus. (Sections 6.10, 6.12, pages 27)

Pets

Yes (Section 3.15, page 15)

Parking & vehicles

No trucks, travel trailers, campers, boats, etc. parked Visible From Neighboring Property except in enclosed garages; no inoperable vehicles; no motorcycles, off-road vehicles except in garages; no street parking for more than 24 consecutiv (Sections 3.19, 3.20, pages 16-17)

Fences

Lot fence gates not to exceed 4 ft in width (Section 3.29); perimeter fences maintained by Association; side facing interior deemed Association responsibility (Section 1.4). (Sections 3.29, 1.4, pages 19, 7)

Architectural approval

Yes, for any Improvement that alters exterior appearance, including colors, additions, landscaping, etc.; also for grading, excavation, temporary structures. (Sections 3.1.2-3.1.4, page 11)

Solar & roof

No solar panels or solar heating devices may be mounted or maintained on the roof of any Residential Unit or other building. (Section 3.25, page 18)

Home business

Permitted if: not apparent from outside, conforms to zoning, no on-site customers, no solicitation, consistent with residential character, no employees other than family members residing in unit; Board discretion. (Section 3.14, page 14)

Signs & flags

No signs Visible From Neighboring Property except: signs required by legal proceedings, residence ID signs (size/color/location approved by ARC), and one open house sign (approved by ARC). (Section 3.17, page 15)

Setbacks / home size

All Residential Units and other structures limited to single story, not exceeding 22 feet inclusive of chimneys. (Section 3.27, page 18)

Maintenance

Association maintains Areas of Association Responsibility (Common Area, perimeter fences, entry features, certain rights-of-way); Owner maintains Lot and all Improvements except those in Areas of Association Responsibility. (Sections 7.1, 7.2, pages 27-28)

Insurance

Association shall maintain master insurance coverage, to extent reasonably available, commencing not later than first conveyance of a Lot to Purchaser. (Details of scope not provided in excerpt.) (Section 8.1, page 29)

Use restrictions

All Residential Units shall be used exclusively for residential use by a Single Family. (Section 3.14, page 14)

Voting & meetings

Class A (all Owners except Declarant): 1 vote per Lot; Class B (Declarant): 10 votes per Lot. Class B membership ends when Class A votes equal or exceed Class B, or Declarant relinquishes. (Section 5.7, pages 21-22)

Amendments

Referenced in Section 10.3 but text not included in excerpt; known that amendments require procedure per Declaration. (Section 10.3, page 32 (TOC))

Amenities

Common Area includes Tracts A, B, C; guardhouse/gate planned; Board may regulate use; no specific recreational amenities mentioned in text. (Sections 1.15, 2.2.2, 4.1.1, pages 7, 11)

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