Conformedasof

Key facts from Conformedasof's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Community Club (non-profit corporation) serving a master-planned resort/retirement community (WHEREAS, Fairfield Bay Community Club, I)

Legal name

Fairfield Bay Community Club, Inc.

Developer / declarant

Fairfield Communities, Inc.

Assessments & dues

Fixed each year by Board of Directors; varying rates possible based on use, services, amenities, location; Charter Members at $25.00/year (cannot be raised without majority vote of Charter Members); Interval Ownership assessments may be up (Article X, Sections 2, 4; Article III, S)

Special assessments

May be levied for capital improvements by affirmative vote of majority of affected class members at a meeting with 30-day notice; same for all affected class members; Developer exempt (Article X, Section 5: 'Club may levy ...)

Collections & liens

Unpaid assessments become a continuing lien on the property, superior to all other liens except first mortgages; Club may foreclose and bid at sale; attorneys' fees and costs added (Article X, Section 10: 'there shall exis)

Reserves & fees

Capital contributions: $250.00 per lot/Living Unit/Commercial Lot upon sale by Developer of Reserved or Exhibit A property to third party non-Developer; $500.00 per lot/Living Unit/Commercial Lot for new additions to declaration (Article II, Section 2(B): 'capital contr)

Fences

Not detailed in this document; subject to A.C.C. approval and referenced Exhibit 1 (Protective Covenants) (Article XII, Section 2 (all structures r)

Architectural approval

Yes, Architectural Control Committee (A.C.C.) approval required for any building, fence, wall, improvement, or exterior addition/alteration (Article XII, Section 2: 'No building, fe)

Maintenance

Club responsible for maintenance of Common Properties (roads, lakes, golf course, etc.); Limited Common Properties maintained by benefiting owners or their non-profit corporation; party walls shared; individual lot owners responsible for th (Article VI (Club maintains Common Proper)

Use restrictions

Not explicitly stated; commercial lots exist and commercial memberships are defined, indicating mixed-use allowed (Article I, (E) and (F) define Commercial)

Voting & meetings

One vote per Lot or Living Unit for Regular Members; Charter Members have one vote per Lot; Commercial Members one vote per membership; Interval Owners' association exercises votes; Developer Memberships, Limited Club, and Guest Members hav (Article III, Sections 2(A), 2(B)(1)(a), )

Amendments

After initial 25-year term, covenants auto-renew for successive 10-year periods unless revoked by instrument signed by Owners of 2/3 of Lots and Living Units, recorded at least 3 years before extension date, with 90-day notice to all Owners (Article XV, Section 1: 'for a term of tw)

Amenities

Club owns and maintains: lakes, golf courses, tennis courts, swimming pools, marinas, parks, roads, streets, sewer and water systems; Mountain Ranch golf course and related facilities excluded from Common Properties (Article I, (G): 'Common Properties may i)

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