The Reserve at Sombrero Beach Property Owners Association, Inc.

Key facts from The Reserve at Sombrero Beach Property Owners Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-condominium) (Articles I, II, III, IV)

Legal name

The Reserve at Sombrero Beach Property Owners Association, Inc.

Units / lots

13 (plus common tracts) as indicated on Proposed Plat (Exhibit A-1 (Plat) shows Lots 1-13)

Developer / declarant

Seasons 16 LLC, a Delaware limited liability company (Page 1, recital)

Governing law

Florida Not-For-Profit Corporation Act (Chapter 617) (Articles of Incorporation, Art. X)

Assessments & dues

Amount set annually by Board at least 30 days before each annual assessment period; written notice to owners (Art. IV, Sec. 4)

Special assessments

Allowed for capital improvements and any other expenses not included in regular assessments (Art. IV, Sec. 1)

Collections & liens

Assessments are a continuing lien on the lot, subordinate to first mortgages; Association may foreclose lien or bring personal action; attorney's fees to prevailing party (Art. IV, Sec. 1, 5, 6)

Reserves & fees

Board may establish and maintain reserve funds as needed (Articles of Incorporation Art. III, Sec.)

Voting & meetings

Two classes: Class A (owners of lots) – each lot entitled to one vote (implied); Class B (Declarant) – entitled to 3 votes as long as it owns any portion of the Property (Art. III, Sec. 2; Bylaws Art. II, Sec. 2)

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