Phillippi Harbor Club Condominium Association, Inc.

Key facts from Phillippi Harbor Club Condominium Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1.2)

Units / lots

327 (Section 1.5 ("up to approximately 327 Un)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1)

Assessments & dues

Board of Directors prepares annual budget and assesses Common Expenses among Unit Owners based on share multipliers in Exhibit C (Section 13; Section 6.1)

Special assessments

Capital additions, alterations, or improvements costing more than $50,000 in a calendar year require approval by a majority of Units represented at a meeting; those costing $50,000 or less may be made without Owner approval (Section 9)

Collections & liens

Association has a lien on each Unit for unpaid assessments; may foreclose like a mortgage; may accelerate next 12 months of assessments after 30 days notice; must give 30 days notice of intent to foreclose (Section 14.2, 14.3)

Reserves & fees

Assessments not paid within 10 days bear interest at the highest lawful rate (Section 14.2)

Architectural approval

Board's prior written consent required for any addition, alteration, or improvement by Unit Owner to Common Elements, Unit, or Limited Common Elements (Section 10.1)

Signs & flags

Developer may erect signs and promotional material (Section 4.4(f)); no general restriction on Owner signs mentioned (Section 4.4(f))

Maintenance

Unit Owner responsible for maintenance, repair, replacement of Unit and Limited Common Elements (Section 8.1); Association responsible for Common Elements (Section 8.2) except where caused by specific Unit Owner negligence (Section 8.2); Ow (Sections 8.1, 8.2, 8.3)

Insurance

May contain reasonable deductible provisions as determined by Board (Section 15.2(a))

Use restrictions

Not residential; each Unit used exclusively for dry storage of one vessel (Section 1.4; Section 18.1 (as amended))

Voting & meetings

One vote per Unit (Section 6.2)

Amendments

By Association: (a) affirmative vote of Voting Interests >50% and not less than 66-2/3% of Board; or (b) Voting Interests >66-2/3% (Section 7.1). By Developer: to correct omission or error during Developer control period, without Owner cons (Section 7.1, 7.2, 7.3, 7.4)

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