Val Verde

Key facts from Val Verde's documents

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

Community type

Townhome (attached or detached single-family) (Article I, Section 1: 'Each Lot shall be)

Legal name

Val Verde Townhomes

Developer / declarant

VAL VERDE, L.L.C., a Nebraska limited liability company (First paragraph and execution)

Governing law

Nebraska Nonprofit Corporation Act (Article II, Section 4: 'powers conferred)

Assessments & dues

Maximum aggregate dues per Lot per year: greater of $1,250.00 or 125% of previous year's aggregate dues (starting Jan 1, 2001) (Article II, Section 10)

Special assessments

Board may levy assessment up to $200 per Lot per year for extraordinary costs; excess requires 75% member approval (Article II, Sections 11 and 12)

Pets

Yes, subject to restrictions (Article I, Section 17)

Architectural approval

Yes, for all Improvements (including buildings, fences, walls, patios, etc.) (Article I, Section 2)

Signs & flags

Only one sign per Lot, not exceeding 6 square feet, advertising Lot 'For Sale'; no other signs, streamers, posters, banners, balloons without Declarant written approval (Article I, Section 5)

Setbacks / home size

All Improvements shall comply with set back and side yard requirements of Zoning Code of City of La Vista (Article I, Section 3)

Insurance

Association shall provide general liability coverage insurance; may provide liability for officers and directors; may purchase additional insurance as deemed appropriate. Amounts determined by Board. (Article V, Section 2)

Use restrictions

Each Lot used exclusively for single-family attached or detached townhome purposes (Article I, Section 1)

Voting & meetings

Class A: one vote per Lot owned (excluding Declarant-owned or mortgaged to Declarant); Class B: four votes per Lot owned by Declarant until Class A votes equal Class B or Jan 1, 2004, then one vote per Lot (Article II, Section 3)

Amendments

Covenants run 25 years from date (2000), then auto-renew for 10-year periods; may be terminated or amended by 75% of Lot owners. Declarant may amend unilaterally for 10 years from date of Declaration. (Article IV, General Provisions Section 2)

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