Collier Court Homeowners Association

Key facts from Collier Court Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (common interest development) (Preamble B)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350 et seq.) (Preamble B)

Assessments & dues

Initial amount set forth in DRE-approved Budget (Exhibit A), not included in text. (Section 5.4(a) and 5.5)

Special assessments

Capital Improvement Assessments: up to 5% of budgeted gross expenses without member vote; above that requires majority vote. Special Assessments for individual corrective actions or fines. Reconstruction Assessments for Common Area reconstr (Sections 1.4, 1.5, 1.6, 5.6)

Collections & liens

Association may record lien for unpaid assessments, late charges, costs, and attorneys' fees per Civil Code 1367.1. Foreclosure permitted after notice and hearing. (Section 5.1, Article 5 generally)

Reserves & fees

Two separate funds: Operating Fund and Reserve Fund (for capital improvements, replacements, painting, repairs, and insurance deductibles). (Section 5.2)

Parking & vehicles

Parking and vehicular restrictions (Section 7.2). Exclusive Use Parking Spaces assigned at sale. Association maintains parking spaces. (Sections 1.23, 2.6(b), Table of Contents)

Signs & flags

Restrictions on signs (Section 7.4). (Table of Contents)

Use restrictions

Section 7.1 (Single Family Residences) implies residential use only. No business or commercial activity allowed (Section 7.8). (Table of Contents (Articles 7.1, 7.8))

Voting & meetings

Class A Members: one vote per Condominium. Class B Member (Declarant): three votes per Condominium owned. Class B converts to Class A upon first of: (1) Class A votes equal Class B votes, or (2) second anniversary of first Close of Escrow. (Sections 2.4 and 2.5)

Amendments

Article 12 Duration and Amendment (Section 12.2 Termination and Amendment) but text not provided. (Table of Contents)

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