Chrysler Loop Road

Key facts from Chrysler Loop Road's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (Article I: "The organization shall be kn)

Legal name

Chrysler Loop Road Property Owners Association

Assessments & dues

Determined at fall meeting. Resident rate and non-resident rate (35% of resident). Payment due February 1st. (Article X: "Annual assessments will be d)

Special assessments

Special assessments may be determined at any meeting. (Article X: "special assessments may be d)

Collections & liens

Past due accounts forwarded to collection agency and/or legal proceedings. (Article X: "Past due accounts would be c)

Reserves & fees

Account past due 3 months after due date (May 1st) results in 12% annual interest and referral to collection/legal. Also: 12% interest on delinquent dues after six-week grace period, retroactive to due date. (Article X: "An account is past due three)

Parking & vehicles

24-hour limitation on abandoned vehicles on the Road; after 24 hours vehicle may be removed at owner's expense. (Article XI Section III.2: "A twenty-four)

Voting & meetings

Each owner present entitled to one vote per owner; each tax lot entitled to two votes by owners present, provided all assessments paid. (Article V Section II: "Each owner presen)

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