Blue Bay Marina Condominium Association, Inc.

Key facts from Blue Bay Marina Condominium Association, Inc.'s documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (marina with boat slips) (Section 1.1 (page 1))

Units / lots

8 slips (Section 3.18); also stated as 10 slips (Section 3.38) – conflict exists (Sections 3.18 and 3.38 (pages 4, 6))

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 3.14 (page 4))

Assessments & dues

Not fixed in Declaration; Board determines at least annually (Section 8 (page 19))

Special assessments

Permitted; defined as nonrecurring charges not for capital improvements; require Board approval; if >$50,000 or >115% of prior year, must be approved by majority of Slip Owners at meeting with quorum (Section 9.2.1, 9.2.3 (page 20))

Collections & liens

Association has lien on each Condominium Parcel for unpaid Assessments; effective from recording of Declaration (except as to Institutional First Mortgagees, from recording of claim of lien); claim must be recorded; foreclosure action may b (Section 9.3, 9.4 (pages 20-21))

Reserves & fees

Common Expenses include reserves required by Condominium Act or established by Association (Section 3.11(a) (page 3))

Leasing & rentals

Yes; defined terms: 'Lease' includes grant of temporary right of use; Lessees are not Members (Sections 3.26, 3.27 (page 5))

Architectural approval

Yes; Board must approve additions, alterations, improvements in or to slip or Limited Common Elements; written request; Board responds within 30 days or consent deemed given (Section 5.3 (page 12))

Home business

Not specifically addressed (Document search)

Insurance

Reasonable deductible provisions as determined by Board (Section 10.2.1 (page 23))

Use restrictions

Property shall only be used as a marina with incidental office use for Manager; no residential use specified (Section 4.7 (page 9))

Voting & meetings

Each Slip Owner has one (1) vote per Slip owned (Section 4.8 (page 9))

Amendments

Referenced in Article 16 (not fully excerpted); Developer may amend without vote for certain purposes (Section 5.4, 16.2). Generally amendments require vote as per Condominium Act. (Sections 5.4, 16.2 (page 14))

Amenities

Marina with slips; no pool, clubhouse, etc. mentioned; limited to marina use; incidental office for manager (Section 4.7 (page 9))

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