Parkstone Community Association, Inc.

Key facts from Parkstone Community Association, Inc.'s documents

Community type

Homeowners Association for a planned residential community (Article 1, Section 1.2 (Association defi)

Governing law

Florida not-for-profit corporation (Article 1, Section 1.2)

Assessments & dues

Board establishes annual budget at least 30 days before fiscal year and fixes assessment amounts (Article 6, Section 6.3)

Special assessments

Allowed for capital improvements with affirmative vote of simple majority of each class; also Board may levy for enforcement costs after notice and hearing (Article 6, Section 6.7)

Collections & liens

Association may record notice of lien and foreclose like a mortgage; lien subordinate to purchase money mortgages recorded before lien notice (Article 6, Sections 6.12.2, 6.13)

Insurance

Not explicitly stated in extracted text

Use restrictions

Property is a planned residential community; Units are for single-family detached residences or attached townhome/villa/condo units (Article 1, Section 1.18)

Voting & meetings

Three classes: Class A (owners, one vote per Lot/Unit), Class B (Declarant, three votes per Lot/Unit until conversion), Class C (Builders, one vote per Lot/Unit); joint ownership selects one representative (Article 3, Section 3.3)

Amendments

Supplemental Declarations may be recorded to amend; Declarant may annex additional property during control period; Association may annex with 2/3 vote of each class for property outside Undeveloped Parcel (Article 2, Sections 2.2, 2.3)

Amenities

Association may maintain lakes, canals, beaches, recreation parcels, gatehouse, security; Board may establish use fees (Article 4, Sections 4.3.3, 4.3.14, 4.7)

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