Town Shores Master Association, Inc.

Key facts from Town Shores Master Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Master Association serving eighteen (18) condominiums (Article II.A of Articles of Incorporatio)

Legal name

Town Shores Master Association, Inc.

Units / lots

1,327 (Master Association Budget Preparation Pe)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Appendix I.B – "Florida Condominium Act,)

Assessments & dues

Budget prepared by Board, approved by majority of voting interests. Formula: number of units in a particular House divided by total number of units (1,327). (By-Laws VII.B – "formula for determining)

Special assessments

May be levied in same manner as regular assessments. Notice required at least 14 days prior to meeting where special assessment is considered. (By-Laws X – "Special assessments ... sha)

Collections & liens

Master Association may bring action for damages against House Associations for unpaid assessments, but does not have power to place liens upon individual condominium units. (By-Laws V.B – "shall not have the power )

Reserves & fees

Reserve funds shall be withdrawn only by signature of Treasurer or President, or if unavailable, any two (2) authorized Officers. Use of allocated reserve funds must be approved by Board of Directors. (By-Laws VII.A – "Reserves Funds shall be)

Maintenance

Master Association responsible for ownership, maintenance and management of Recreation Facilities, Common Areas, and Buildings. Master Association also oversees irrigation of common areas and House grounds, maintains common ground. (Articles of Incorporation Article II.A –)

Insurance

Master Association shall insure the Common Areas, Buildings, and Recreational Facilities. (By-Laws V.F – "Insure and to keep insure)

Voting & meetings

Each delegate has one vote. Voting by show of cards (yes/no) or secret ballot. Tie results in revote. No abstentions unless conflict of interest. (By-Laws II.B, II.C)

Amenities

Club House, swimming pools, shuffleboard courts, game courts, marina. (By-Laws I.G.4 – "such as the Club House,)

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