Bay Lagoon Community Association, Inc.

Key facts from Bay Lagoon Community Association, Inc.'s documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Preamble: 'planned community')

Developer / declarant

COMPLETE INTERIORS, INC., a Florida corporation (Opening paragraph)

Assessments & dues

Maximum $80.00 in first year a lot is sold to non-Declarant; thereafter adjusted by Consumer Price Index, but increase limited to 5% per year maximum (Article V, Section 4)

Special assessments

Permitted with assent of two-thirds (2/3) of votes of members voting in person or by proxy at a meeting called for that purpose (Article V, Section 3)

Collections & liens

Assessments become a continuing lien on the lot; may be foreclosed like a mortgage; lien subordinate to first mortgage; personal obligation of owner at time assessment fell due (Article V, Sections 1, 6, 7)

Reserves & fees

Interest at 12% per annum on unpaid assessments after 30 days from due date (Article V, Section 6)

Pets

Yes, a maximum of three (3) household pets may be kept, provided they are not kept for breeding or commercial purposes (Article VI, Section 3(d))

Leasing & rentals

Yes, owner may lease a Living Unit to a single family, subject to all provisions of the Declaration (Article VII, Section 1(a))

Parking & vehicles

Not allowed 'as a matter of course' (Article VI, Section 3(f))

Architectural approval

Yes, prior written approval of Architectural Review Board (ARB) required for any improvements, alterations, repairs, change of paint colors, excavations, changes in grade, or any other work altering exterior; also for building plans, fences (Article VI, Sections 2, 3(a), 3(c))

Home business

Not expressly allowed; noxious or offensive activities prohibited (Article VI, Section 3(d); Article VII, S)

Signs & flags

Advertising signs prohibited without ARB written permission; for sale/rent signs allowed but ARB determines size, style, color; Declarant may place entrance and sales signs without ARB review (Article VI, Section 3(e); Article VI, Se)

Use restrictions

All lots shall be used for single family residence purposes only; no further subdivision (Article VI, Section 3(b); Article VII, S)

Voting & meetings

Two classes: Class A (owners) – one vote per lot; Class B (Declarant) – three votes per lot. Class B ceases when Class A votes equal Class B or 3 years from recording, whichever earlier. (Article IV, Section 2)

Amendments

May be amended by instrument signed by members having not less than 75% of total membership vote and by all first mortgagees of record. Amendment must be recorded. Declaration term: 20 years from recording, auto-extends for successive 10-ye (Article VIII, Section 3)

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