Derby Downs (WA)

Key facts from Derby Downs (WA)'s documents

Community type

Covenant / Planned Community

Legal name

Derby Downs Homeowners Association

Developer / declarant

Port Madison Bay, Inc.

Assessments & dues

The Treasurer, with the Board's approval, may require payment of assessments in equal monthly, quarterly, semi-annual installments, or in a lump sum annual installment. (Section 9.1 amendment, page 5)

Collections & liens

If water bills are not paid after reasonable periods, the Board has the right to disconnect the Owner's water supply. (Section 6.9, page 4)

Reserves & fees

Fees collected but not used for operations shall be placed in a reserve fund for capital improvements. (Section 6.9, page 4)

Voting & meetings

Each Lot shall be entitled to one vote for each Director and the voting for Directors shall be non-cumulative. (Section 7.2, page 4)

Amendments

Requires at least 67% of Lot Owners to amend the Declaration (per Article 18). This amendment was passed at the annual meeting on August 16, 2010. (Recital D, page 2; Section 1 (Section 3.)

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