Oak Park Community Association, Inc

Key facts from Oak Park Community Association, Inc's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page; Recitals)

Legal name

Oak Park Homeowners' Association, Inc. (Section 1.3)

Units / lots

105 (Recital B)

Developer / declarant

Oak Park Ventures, Ltd., a California limited partnership (Preamble)

Governing law

Texas Condominium Act (Article 1301a, Texas Revised Civil Statutes, enacted 1963) (Section 1.22)

Assessments & dues

Total assessments required to operate the Project are set forth in a budget adopted by the Board of Directors, divided by twelve, and assessed against each Owner in proportion to the Common Interest (Section 4.4)

Special assessments

Board may levy special assessments for capital improvements, unanticipated expenses, or taxes; assessed in proportion to Common Interest; may also be levied against an individual Unit for compliance costs (Section 4.5)

Collections & liens

Unpaid assessments constitute a lien on the Unit, superior to all other liens except taxes and first mortgages; enforceable by judicial foreclosure or non-judicial foreclosure pursuant to Article 3810; Association has private power of sale (Sections 4.4, 4.6)

Reserves & fees

Annual Assessments shall include an adequate reserve fund for maintenance, repairs, and replacement of Common Elements (Section 4.3)

Pets

No animals or birds of any kind may be kept in any Unit or any portion of the Project except as permitted in the Bylaws or rules and regulations adopted by the Board (Section 7.5)

Leasing & rentals

Owners have the absolute right to lease Units, provided lease is in writing and subject to the Declaration, Bylaws, and rules; Declarant reserves right to rent until initial transfer (Section 7.8)

Architectural approval

No building, fence, wall, obstruction, balcony, screen, patio, patio cover, tent, awning, carport, carport cover, improvement, or structure of any kind shall be commenced, erected, painted, or maintained without prior written approval of th (Section 8.1)

Signs & flags

Declarant may place signs until entire Project sold; Owners other than Declarant are prohibited from placing 'for sale', 'for rent', or any other signs on Common Elements or displaying signs to public view (Section 7.4)

Maintenance

Each Owner responsible for reconstruction/repair of interior of Unit (floor coverings, window shades, draperies, furniture, decorative light fixtures, appliances except original built-ins); if not covered by Association insurance, Owner mus (Section 9.8.7)

Insurance

Master multi-peril insurance on the Project at 100% of insurable value (replacement cost); boiler explosion insurance minimum $50,000 per accident; flood insurance if in special flood hazard area (Section 9.8.2)

Use restrictions

Each Unit shall be occupied and used only for residential purposes; no trade or business shall be conducted therein (except Declarant may use Units for sales/display office until last Unit sold) (Section 7.1)

Voting & meetings

Each Unit is entitled to one (1) vote; the value of the vote equals the Common Interest assigned to the Unit as set forth in Exhibit B-4 (Section 3.4)

Amendments

Declaration shall not be amended unless Owners representing at least 67% of ownership interest and 51% of holders of recorded first lien Mortgages consent; revocation requires all Owners and 66-2/3% of mortgage holders; Declarant may amend (Section 9.6)

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