Ptarmigan Townhouse Association

Key facts from Ptarmigan Townhouse Association's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Ptarmigan Townhouse Association

Units / lots

20 (inferred from 1/20th undivided interest in common area) (Art. XII §1: 'EIGH OWNER SHALL HAVE AN E)

Developer / declarant

Park City Investment Ltd. No. 1

Governing law

Utah Nonprofit Corporation Act (Articles of Incorporation, preamble)

Collections & liens

Association may record Notice of Lien for unpaid assessment; lien attaches from date of nonpayment; foreclosure in like manner as mortgage; owner pays costs, expenses, and attorney's fees; association may bid at sale and acquire property (Art. XIV §5)

Reserves & fees

Flat fee not more than 10% of delinquent installment amount (Art. XIV §3(c))

Fences

Fences installed by Developer may not be removed; they are part of architectural design. Association maintains fences. (Art. IV §7; Art. XIV §2(b))

Signs & flags

Only one sign not more than 6 square feet advertising property for sale or rent (Art. IV §11)

Voting & meetings

Class A (owners): 1 vote per lot. Class B (Declarant): 4 votes per lot. If multiple owners of a lot, they must designate one voter; otherwise no vote for that lot. (Articles of Incorporation, Art. IX; Byla)

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