Miracle Hills

Key facts from Miracle Hills's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Miracle Hills Park Place, a Condominium

Developer / declarant

Miracle Hills II, Inc.

Governing law

Nebraska Condominium Act, Neb. Rev. Stat. §§76-825 to 76-894 (1984 Cumm. Supp.) (Article I, Section 1.1)

Assessments & dues

Annual budget adopted by Executive Board; each Unit's assessment is its Percentage Interest of total budget; payable in equal monthly installments in advance (Article IX, Section 9.1; Bylaws Paras 11)

Special assessments

May be levied by Executive Board; payable in equal monthly installments as established by Board (Article IX, Section 9.1)

Collections & liens

If co-owner fails to pay assessment, amount constitutes a lien on the interest in the Unit; Directors may record lien and enforce as any other lien (Bylaws Para 12)

Reserves & fees

Budget includes reserves for deferred maintenance, replacement, and working fund (Bylaws Para 11)

Voting & meetings

Each Unit entitled to one (1) vote in the Association (Article II, Section 2.4)

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