Marina Village (KY)

Key facts from Marina Village (KY)'s documents

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

Community type

Condominium

Legal name

MARINA VILLAGE DOCK OWNERS ASSOCIATION, INC. (Sixth Amendment Section 1 (replacing Sec)

Developer / declarant

MARINA VILLAGE, INC., a Kentucky corporation (Introductory paragraph)

Governing law

Kentucky Horizontal Property Law, KRS 381.805 et seq. (Section 1.1)

Assessments & dues

Pursuant to By-Laws; Board of Directors determines budget (Section 6 (general); By-Laws referenced)

Special assessments

Allowed if insurance proceeds insufficient for reconstruction (Section 9.5); general authority via Budget/By-Laws (Section 9.5)

Reserves & fees

10% per annum from 61st day after due date (Section 6.3)

Pets

Usual household pets permitted subject to reasonable limitations (use, restraint, conduct) as promulgated by Board (Section 10.10)

Leasing & rentals

No restrictions on leasing; lessor must use lease form authorized by Declarant or Association and furnish executed copy to Association prior to occupancy (Section 10.5)

Signs & flags

No advertisements or notices on General Common Elements unless allowed by Declarant or Board; owner may display name, insignia, flag to distinguish boat slip (Section 10.7)

Use restrictions

Boat Slip used only for mooring and dockage of boats and accessory use; General Common Elements used only for intended purposes (Sections 10.1, 10.2)

Voting & meetings

Each unit owner has voting rights computed on same basis as undivided shares in General Common Elements (percentage interest per Revised Exhibit B) (Section 4.3; Third Amendment Revised Exh)

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