Rambleridge Rep V

Key facts from Rambleridge Rep V's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Rambleridge Property Owners Association, Inc., a Nebraska non-profit corporation (Article I Section 1)

Legal name

Rambleridge Property Owners Association, Inc.

Units / lots

22 (Lots 1-22, inclusive) (Legal description)

Developer / declarant

Charles G. Smith, Trustee

Assessments & dues

Regular assessment for improved lots: uniform amount determined by Board. For unimproved lots: $1.00 per month until construction begins, then $2.00 per month until lot is improved. (Article IV Section 3)

Special assessments

May levy for capital improvements (construction, reconstruction, repair, replacement) or extraordinary general expenses. Payable in 12 monthly installments. (Article IV Section 4)

Collections & liens

Unpaid assessments constitute a lien on the lot. Association may foreclose in same manner as mortgage foreclosure. Lien subordinate to first mortgage. (Article IV Sections 1, 6, 7)

Reserves & fees

Interest at 9% per annum from due date if not paid within 30 days after due date (Article IV Section 6)

Voting & meetings

Resident Members: one vote per lot owned. Declarant: three votes per lot owned until total Resident votes equal Declarant votes. (Article III 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.