Villas of Crow Valley Town Homes Association

Key facts from Villas of Crow Valley Town Homes Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Villas of Crow Valley Town Homes Association I (Article II, section 4: 'Association. A n)

Developer / declarant

McB Development Corporation (Article II, Definitions, section 8: Decl)

Governing law

References to Code of Iowa for wall-in-common definitions and arbitration procedure (Article II, section 3: 'Wall in Common ()

Special assessments

Four types: (2) reconstruction, repair, maintenance of exterior surfaces due to deterioration; (3) roof reconstruction due to deterioration (with insurance); (4) excess cost of repair for casualty with partial insurance; (5) repair for dama (Article V: items (2), (3), (4), (5) unde)

Maintenance

Association shall replace roof of each structure as necessary due to deterioration due to age or casualty, unless necessity is occasioned by owner negligence (Article V: 'shall replace the roof of ea)

Use restrictions

Each unit shall be used only as a single-family residential dwelling (Article III, section 7: 'The duty of the)

Voting & meetings

Class A (each unit owner other than Declarant): one vote per unit; Class B (Declarant): three votes per unit until control period ends, then converts to Class A (Article V: 'Each owner, other than the D)

Amendments

During two-class membership period, amendment requires affirmative consent of all Declarants and 75% of unit owners. After that, 75% of unit owners. Amendment must be in writing and recorded. (Article IX: 'During the period in which )

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