Billtown Farms Homeowners Association, Inc.

Key facts from Billtown Farms Homeowners Association, Inc.'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.1: 'Billtown Farms Homeowners )

Governing law

Kentucky Business Corporation Act (the "Act") (Section 3.1: 'as required by the Kentuck)

Assessments & dues

Board prepares Annual Budget, presents at Annual Meeting for Member review and comment, then Board may amend and adopt; Annual Assessment equals amount required by budget (Section 8.2: 'Board shall cause to be pr)

Collections & liens

All unpaid assessments, fines, late charges, interest, attorneys' fees constitute a lien on the Lot, prior except tax liens and first mortgage; foreclosure in like manner as a mortgage (Section 8.10: 'shall constitute a lien o)

Reserves & fees

Common Expenses include amounts for a general operating reserve, reserve fund for replacements, and reserve fund for capital expenditures (Section 2.2: 'an amount for a general op)

Voting & meetings

Each Owner of a Lot is entitled to one vote after Developer relinquishes control; Developer has 100% voting power until then. (Section 4.7(a): 'Developer shall be enti)

Amendments

Bylaws may be amended by vote of Members owning not less than 67% of Lots, voting in person or by proxy at Annual or Special Meeting (Section 9: 'These Bylaws may only be ame)

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