Port Liberte Condominium I Inc

Key facts from Port Liberte Condominium I Inc's documents

Community type

condominium (Port Liberte Condominium I, Inc.)

Legal name

Port Liberte Condominium I, Inc.

Governing law

New Jersey nonprofit corporation under laws of State of New Jersey (established under the laws of the State )

Assessments & dues

Board may increase monthly assessments or vote special assessment in excess of that amount, if required, to meet any additional necessary expenses, per Article III, Section 5(a)(1) of By-Laws. (Article III, Section 5(a)(1) of the By-L)

Special assessments

Schedule: $600,000 Apr 2025 (1 month); $7,200,000 May 2025-Apr 2026 (12 x $600,000); $1,200,000 May-Jun 2026 (2 x $600,000); $7,250,000 Jul 2026-Apr 2027 (10 x $725,000); $3,625,000 May-Sep 2027 (5 x $725,000); $5,600,000 Oct 2027-Apr 2028 (Section II. New Special Assessment Sched)

Voting & meetings

Majority vote of members of the Board present and eligible to vote, on matter where quorum present (duly introduced and thereafter adopted a)

Amendments

Amendment circulated to membership; if within 30 days at least 10% of Members entitled to vote return ballot rejecting, amendment not recorded and adopted. (following thirty days from the date of c)

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