Waterfront Owners Association

Key facts from Waterfront Owners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium project (mixed-use: residential and commercial units) (Article 1, Section 1.2: 'plan of condomi)

Units / lots

41 Units (Article 1, Section 1.3: 'consist of fort)

Governing law

California Civil Code Sections 1350 et seq., California Business and Professions Code Section 11004.5(c), California Subdivided Lands Law (Article 1, Section 1.2)

Assessments & dues

Board establishes Regular Assessments, Special Assessments, Capital Improvement Assessments, and Enforcement Assessments through Budget process (Base Budget and Residential Budget) (Section 2.9 (Budget), Article 6 generall)

Special assessments

Permitted as needed per Section 6.4 (Section 6.4)

Collections & liens

Association has lien for unpaid assessments; personal obligation also exists (Section 6.1, 6.12); lien subordinate to first mortgages (6.15) (Sections 6.1, 6.12, 6.15)

Reserves & fees

Reasonable reserves required as deemed appropriate by Board (Section 2.16.6); Reserve Fund referenced in Section 14.5 (Section 2.16.6, Section 14.5)

Leasing & rentals

Rental of Units permitted under Section 7.5 (Section 7.5)

Architectural approval

Yes, Architectural Committee approval required for improvements (Article 9, Section 9.5) (Article 9 generally, Section 9.5)

Signs & flags

Signs and displays regulated by Section 7.4; additionally, Neighborhood Use Permit condition (d): no signs except name and type of establishment on awning or umbrellas (Section 7.4; Neighborhood Use Permit con)

Insurance

Individual insurance allowed (Section 11.3); public liability insurance required for sidewalk cafe per Neighborhood Use Permit condition (e): $1,000,000 policy naming City as additional insured (Section 11.3; Neighborhood Use Permit co)

Use restrictions

Not exclusively residential; commercial units permitted (Section 2.14, Section 7.3). Residential use is the primary use for residential units (Section 7.2) (Sections 2.14, 7.2, 7.3)

Voting & meetings

Members (Owners) hold Voting Power as defined in Section 5.2; matters approved by majority of total Voting Power or majority vote of quorum (Section 4.2, Section 2.64)

Amendments

Amendments before close of first sale may be made by Declarant (15.1); after close of first sale require specified membership approval (15.2); further approvals may be needed (15.3-15.6) (Article 15)

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