Elk Run Townhouses

Key facts from Elk Run Townhouses's documents

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

Community type

Covenant / Planned Community

Legal name

Elk Run Townhouses Owners Association (Section 1 definition of Association)

Units / lots

up to 62 townhouse units (Section 2)

Developer / declarant

Elk Run Townhouse Limited Liability Company (Declarant, first paragraph)

Governing law

Wyoming law (Section 5 (Wyoming law regarding party w)

Assessments & dues

Management Committee prepares budget and allocates common expenses among owners on a lot-by-lot basis; three-bedroom unit bears 12% greater share than two-bedroom unit (Section 31(b))

Special assessments

may be levied by Management Committee when general assessments insufficient or for specific expenditures; may be levied on less than all owners when permitted (Section 16(f))

Collections & liens

lien created for unpaid common expenses; recorded notice; foreclosure suit; Management Committee may bid and acquire lot at sale; delinquent owner pays costs and attorney fees (Section 34)

Reserves & fees

reserve for deferred maintenance and reserve for replacement provided for in accounts (Section 20(b),(c))

Pets

yes, but limited to 2 dogs and 2 cats per unit; other small pets inside on reasonable basis; subject to rules and regulations (Section 12(e))

Leasing & rentals

implied; provisions for collecting rent from tenant if owner defaults (Section 31(c))

Parking & vehicles

parking of recreational vehicles, boats, trailers prohibited in parking areas, garages, common areas (Section 12(a))

Setbacks / home size

alteration or future encroachment into 50 foot streambank setback prohibited (Section 12(g))

Insurance

fire and extended coverage insurance on all units and insurable common elements in amount of full insurable replacement cost; comprehensive public liability insurance (Section 16(d), 32)

Use restrictions

use limited to private, single family residential purposes only (Section 10)

Voting & meetings

one vote per lot; co-owners deemed one owner; proxy allowed in writing (Section 14(g))

Amendments

amendment requires consent of Declarant and owners representing majority of lots; revocation requires unanimous consent of all owners and all first mortgage holders (Section 29)

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