Amber Val Addition

Key facts from Amber Val Addition's documents

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

Community type

homeowners association (Amber Valley Homeowners Association name)

Legal name

Amber Valley Homeowner's Association

Developer / declarant

Teton Development Financial Corporation, Inc., successor of David C. Spackman (Article I, Section 4, page 22)

Assessments & dues

$600.00 per lot initially (Article IV, Section 3: 'maximum annual a)

Special assessments

May levy special assessments for capital improvements with assent of 2/3 of votes of each class (Article IV, Section 4 (page 25))

Collections & liens

Assessments constitute a continuing lien; Association may foreclose and bid at foreclosure sale (Article IV, Section 1 and Section 8 (pag)

Reserves & fees

Required to establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of improvements to common areas (Article IV, Section 10(a) (page 26))

Fences

Fences require architectural approval (Article V: 'No building, fence, wall, st)

Architectural approval

30 days after submission; if no approval or disapproval within 30 days, approval not required (Article V (page 27): 'fails to approve o)

Insurance

Property insurance covering Common Area, fixtures, building service equipment, personal property at 100% replacement cost; all-risk coverage including fire, extended coverage, and perils customarily covered (Article VII, Section 1 (page 27-28))

Use restrictions

Lots and improvements shall be occupied and used only as a private dwelling for owner, his family, tenants and contract purchasers (Article II, Section 2(b) (page 23))

Voting & meetings

Two classes: Class A (one vote per lot) and Class B (three votes per lot owned by Declarant) (Article III, Section 2 (page 23-24))

Amendments

During first 20 years, amendment requires 90% of lot owners and 51% of eligible holders; after 20 years, 75% of lot owners and 51% of eligible holders. Must be recorded. (Article VIII, Section 3 (page 29))

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