Ivey Glenn Owners Association

Key facts from Ivey Glenn Owners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (nonprofit mutual benefit corporation) (Section 1.7)

Governing law

California Civil Code (references to Sections 4040, 4045, 4080, 4175, 4340-4370, 4600, 5300, 5305, 5310, 5500, 5550, 5570, 5810, 5855) (Various sections)

Assessments & dues

Board prepares Annual Budget Report and fixes Regular Assessment; cannot exceed 20% of prior year without membership vote (quorum majority) (Section 5.3(A))

Collections & liens

Assessments with late charges, interest, costs and attorneys' fees are a continuing lien on the Lot and personal obligation; can be foreclosed (Sections 5.2(A), 5.9)

Reserves & fees

Board must include reserve funding disclosure in Annual Budget Report and maintain reserves for maintenance, repair and replacement (Sections 1.13(C), 4.5(F))

Use restrictions

Prohibited (Section 6.11 heading) (Section 6.11 heading)

Voting & meetings

Each Owner is entitled to one vote for each Lot owned; one class of membership (Sections 2.2, 2.3)

Amendments

Amendment requires written consent of Members entitled to exercise more than 50% of voting power of each class (from First Amendment certification); Article 18 general provisions not fully visible (First Amendment, certification paragraph)

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