Montgomery Park POA

Key facts from Montgomery Park POA's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Property Owners Association) (Montgomery Park POA, Inc. (POA likely st)

Legal name

Montgomery Park POA, Inc. (The name of the association is Montgomer)

Developer / declarant

Montgomery Improvement District West, Ltd. (Section 2.1(b))

Management

Neighborhood Management, Inc.

Governing law

Texas Property Code Section 209.004 (Pursuant to the provisions of Section 20)

Assessments & dues

Board may fix, levy, and collect assessments; may decrease or increase annual assessments by majority vote, subject to Declaration; may levy special assessments. (Bylaws Article V 5.3(e))

Special assessments

Board may levy special assessments for increased operating/maintenance expenses, capital expenses, and other costs authorized under Declaration. (Bylaws Article V 5.3(e))

Collections & liens

Legal counsel may file Notice of Lien no sooner than 120 days past due; attorney's fees added to amount due. Continued delinquencies reviewed by Board for foreclosure consideration. (Summary of Assessment Collection Policy,)

Reserves & fees

Automatic non-refundable late fee accrues on assessments not received and processed by delinquency date (30 days past due); late fee occurs every month. (Summary of Assessment Collection Policy,)

Signs & flags

Owners may display flags per Chapter 202; flagpole must be ground-mounted, not exceed 20 feet, made of permanent materials, comply with zoning/easements/setbacks, maintained in good condition. (Guidelines for Display of Flags, Pages 1)

Voting & meetings

Two classes: Class A (owners, 1 vote per lot) and Class B (Declarant/Developer/Builder, 20 votes per lot). Until Dec 31, 2014 or 95% of lots sold to non-builders, all votes cast by Class B only. (Bylaws Article III 3.2)

Amendments

Prior to termination date, amendments require consent of Members holding at least two-thirds of votes; after termination date, per notice provisions. (Bylaws Article VIII 8.1-8.2)

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