Villa Valencia HOA

Key facts from Villa Valencia HOA's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Article I)

Legal name

Villa Valencia Homeowners Association, Inc.

Governing law

New Mexico Non-Profit Corporation Act (Article II, Section 2 (definition of 'By)

Assessments & dues

Board of Directors prepares and adopts annual budget establishing the Annual Assessment rate. (Article IV, Section 16(a))

Voting & meetings

One vote per Lot; only Owners in good standing eligible. Good standing requires no violation of Covenants, rules, or Zoning Ordinance, and not delinquent in assessments. Class A (all Owners except Declarant) and Class B (Declarant) during D (Article II, Section 4)

Amendments

The power and authority to alter, amend, or repeal the Bylaws, or to adopt new Bylaws, is delegated to the Board of Directors. (Article VII, Section 5)

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