Decl Protective

Key facts from Decl Protective's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: 'certain condominium units, Glac)

Legal name

Association of Unit Owners of Glacier Village (Glacier Association) and Meadow Lake Homeowners' Association (Page 4: definitions 'Glacier Association)

Units / lots

Up to 70 (Glacier Village) (Page 3: 'Glacier Village, a residential )

Assessments & dues

Not fixed; set annually by Managing Agent based on budget. Paid quarterly. (Paragraph 10(C) and 11(A))

Special assessments

Managing Agent may revise budget without it becoming a special assessment, but no separate special assessment procedure described. (Paragraph 10(C): 'Without it becoming a )

Collections & liens

Unpaid assessments constitute a lien on the rotational estate, prior to all but tax liens and first mortgages. Foreclosure like mortgage on real property. (Paragraph 15(C))

Reserves & fees

Budget includes maintaining an adequate reserve. (Paragraph 10(C): 'to maintain an adequat)

Leasing & rentals

Yes, but only through a platform approved by Managing Agent. (Paragraph 7(C))

Parking & vehicles

Use of parking subject to limitations as determined by MLDC or the Managing Agent. (Paragraph 8)

Architectural approval

Alterations, remodeling, or renovation require written approval by majority of owners of each unit. Managed by Managing Agent. (Paragraph 23(A))

Maintenance

Managing Agent responsible for cleaning, maintenance, repairs (except damage caused by owner/guest). Owner responsible for damage caused by them or their guests, and for individual expenses during Use Period. (Paragraphs 10(B), 11(B), 22, 23(B))

Insurance

Reasonable deductibles on fire insurance. (Paragraph 16(A)(ii): 'less reasonable de)

Use restrictions

Unit used only for purposes allowed by zoning, Land Use Declaration, Declaration of Unit Ownership, and this Agreement. (Paragraph 7(A))

Voting & meetings

Each unit has 100 votes allocated based on fractional estate ownership. Voting by owner in good standing; if not in good standing, MLDC votes their share. (Paragraph 9(C) and 9(D))

Amendments

By majority of owners and majority of first mortgagors, in recordable form. Amendment affecting Managing Agent requires prior written consent of Managing Agent. (Paragraph 36(B))

Amenities

Golf (25% discount for owners, rotational golf membership available), other recreational facilities (pool, etc.) included in $2,600 Usage Fee per year per unit. Montana Vacation Club ($40/year per rotational estate). (Paragraphs 12 and 13)

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