Villas at Privada Owners Association

Key facts from Villas at Privada Owners Association's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Villas at Privada Owners Association

Units / lots

33 (Lots 137 through 169 inclusive) (Preliminary Statement: "Lots 137 through)

Developer / declarant

Wish In One Hand Enterprises, LLC, a Nebraska limited liability company (First paragraph of Declaration)

Governing law

Nebraska Nonprofit Corporation Act (Article II Section 2: proxy subject to N)

Assessments & dues

Set annually by Board of Directors based on budget (Article III Section 3)

Special assessments

May be levied for capital improvements; requires vote of two-thirds (2/3) of votes entitled to be cast at a meeting (Article III Section 4)

Collections & liens

Unpaid assessments become a lien on the Lot; Association may foreclose lien or bring personal action against Owner (Article III Sections 1 and 7)

Reserves & fees

Board may include a repair and replacement reserve in budget (Article III Section 3)

Fences

Boundary fence by Declarant; Owners may construct internal perimeter fences subject to approval, no fence in front of building setback line, no taller than 6 feet, must have gate at least 48 inches wide, must comply with design guidelines a (Article IV Section 2)

Use restrictions

Implied by declaration purpose and villa units; but not explicitly stated in this document (Preliminary Statement: "residential char)

Voting & meetings

Two classes: Class A (each Owner, one vote per Lot); Class B (Declarant, 20 votes per Lot owned until conversion) (Article II Section 3)

Amendments

During Development Period, Declarant may amend unilaterally; thereafter, amendment requires instrument signed by Owners of at least 75% of Lots (Article VI Sections 2 and 3)

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