Monterey Park Owners Association

Key facts from Monterey Park Owners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development common interest development under California Civil Code Section 1351(k) (Recital C)

Developer / declarant

445 157 AVENUE, LLC, a Delaware limited liability company (First paragraph of Declaration)

Governing law

California Civil Code Section 1351(k) and related sections (Recital C, Article I (definitions refere)

Assessments & dues

Set annually by Board based on budget, not fixed in Declaration (Section 4.2, 4.8)

Special assessments

Yes, may be levied by Board if funds inadequate; also non-lien compliance assessments (Section 4.4) (Section 4.2, 4.4)

Collections & liens

Assessment is a continuing lien; after delinquency, Association may foreclose judicially or non-judicially with power of sale; lien subordinate to first mortgages (Section 4.1, 4.9, 4.10)

Reserves & fees

Regular assessments include adequate reserve fund for periodic maintenance, repair and replacement (Section 4.1)

Pets

Yes, but not if violates City ordinances; no vicious animals; no commercial breeding; must be leashed when not in enclosed area; owner responsible for waste removal (Section 6.11)

Architectural approval

Architectural Committee approval required for construction, alteration, improvement, etc. (Article VIII, Section 8.2)

Signs & flags

Allowed: (i) Declarant's sales signs; (ii) one sign per Separate Interest for sale/lease of customary dimensions; (iii) one sign for Owner's security system (Section 6.10)

Use restrictions

Nothing shall be done which may become an annoyance or nuisance to the neighborhood or other Owners (Section 6.13)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – 1 vote per Separate Interest; Class B (Declarant) – 3 votes per Separate Interest owned (Section 3.2)

Amendments

Before escrow closings, Declarant may amend unilaterally; after escrow closings, amendments require owner vote (per Section 17.2); City approval also required (Section 17.2(c)) (Section 17.2)

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