Port at Gateway 1 Pdo

Key facts from Port at Gateway 1 Pdo's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Port At Gateway Phase I

Developer / declarant

SunFirst Bank

Assessments & dues

Initial monthly assessment calculated by Board/Declarant; amount for each calendar year determined by the Board. (Article IV, Section 4.4)

Special assessments

Permitted for construction, reconstruction, repair, replacement, or any other expense. Requires notice 30 days prior to due date. Interest at 18% per annum if not paid within 30 days of due date. (Article IV, Section 4.7)

Collections & liens

All assessments are a continuing lien on the Unit. Lien may be enforced by non-judicial power of sale or judicial foreclosure. Lien is superior except to valid tax liens and first mortgages recorded prior to notice. Foreclosure sale may be (Article IV, Sections 4.10(b) and 4.11)

Reserves & fees

Purpose of assessments includes establishing an adequate reserve fund for replacement of Common Areas. (Article IV, Section 4.1)

Leasing & rentals

Yes, but only with prior approval of the Board. (Article VII, Section 7.7: 'if an Owner d)

Architectural approval

Yes, for any alterations, improvements, additions, changes to exterior, signs. Structural alterations require written consent of all Unit Owners if they affect Common Areas. (Article VII, Section 7.7 and Section 7.5)

Signs & flags

All signs must comply with Hurricane City Signage Ordinance. Only building signs affixed to principal building wall permitted; roof signs, temporary ground signs, revolving signs, animated signs prohibited. Signs may not exceed 10% of unit (Article VII, Section 7.9)

Maintenance

Association maintains exterior landscaping, Common Areas, portions of Units that constitute part of the exterior of the building which front on Common Areas, damage caused by Association work. Unit Owner maintains interior surfaces, plumbin (Article VII, Sections 7.3, 7.4, 7.5, and)

Insurance

Blanket multi-peril policy covering fire for insurable value of Buildings; comprehensive public liability insurance with limits not less than $1,000,000 covering claims for personal injury and property damage. (Article V, Sections 5.1(a) and 5.1(b))

Voting & meetings

Each Unit Owner entitled to votes per percentage ownership table (10 votes per unit). Declarant gets 1.5 x product of number of units owned times votes per unit until 5 years from organization or 75% sold, then per-unit votes only. Rear Uni (Article III, Section 3.2 and Section 3.2)

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