The Island Club of Vero Beach Homeowners Association, Inc.

Key facts from The Island Club of Vero Beach Homeowners Association, Inc.'s documents

Community type

Homeowners Association (HOA) – not a condominium under Chapter 718, Florida Statutes (Preamble: 'This Declaration does not, an)

Legal name

The Island Club of Vero Beach Homeowners Association, Inc. (Article I, definition 3)

Governing law

Florida law (Chapter 718 specifically excluded; likely Chapter 720 applies but not explicitly cited) (Preamble excludes Chapter 718; Article V)

Assessments & dues

Board prepares a budget at least 60 days before fiscal year; budget includes revenues, expenses, surplus/deficit; budget and assessment become effective unless disapproved by majority of all Members at a meeting. (Article VIII, Section 2)

Special assessments

Permitted for repairs after casualty (if insurance insufficient) and for bringing a Member into compliance. Must be levied by Board. (Article VIII, Section 3 a, b, c)

Reserves & fees

Board may establish a reserve fund for replacement and capital refurbishment of Common Areas. Capital contributions are property of the Association, not individual Owners. (Article VIII, Section 2 g)

Use restrictions

Not explicitly 'residential use only'. Business and Trade are broadly defined but no prohibition stated in excerpt. (Article I, definition 6 (Business defini)

Voting & meetings

Each Member (Owner of a Unit) is entitled to one vote per Unit owned. Developer gets one vote per Lot and/or Unit owned. When multiple persons hold title to a Unit, they together constitute one Member and cast one vote. Entities must design (Article IV, Sections 3 and 4)

Amendments

Prior to Turnover Date, Developer may amend Declaration without consent for annexation/withdrawal of property. Article II (Property Subject) cannot be amended without Developer's written consent prior to Turnover. Other amendments not detai (Article II, Sections 3, 4, 5, 6)

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