Westwood Valley Legends Homeowners Association

Key facts from Westwood Valley Legends Homeowners Association's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Nonprofit Mutual Benefit Corporation (Homeowners Association) (Articles of Incorporation - Article III)

Units / lots

228 lots (107 from Unit 6 + 121 from Unit 7) (Articles of Incorporation - Article III:)

Governing law

California Corporations Code §7140; Davis-Stirling Common Interest Development Act (Civil Code §§1350-1372); California Code of Civil Procedure §374 (Articles of Incorporation - Article IV)

Assessments & dues

$91.50 per month (effective January 1, 2022); was $84.00 per month in FY2021; no increase for 2023 (remained $91.50) (Newsletter November 2021 page 2 (increas)

Collections & liens

At 60 days: turned over to attorney; initial demand letter ($175 fee). At 90 days: board may approve lien ($380 fee). At 12 months or $1800: board may approve foreclosure proceedings. All collection costs assessed to owner. (Assessment Collection Policy (2021 and 2)

Reserves & fees

Reserve study update included; estimated required reserves $107,678 (2021) and $104,284 (2022); projected cash balance $111,321 (2021) and $111,372 (2022); funding level 103.4% (2021) and 106.8% (2022) (Assessment and Reserve Funding Disclosur)

Voting & meetings

Class A: one vote per lot (all owners except Declarant); Class B: three votes per lot (Declarant only); Class B converts to Class A upon earlier of 2 years after final public report or 4 years after first phase report (Articles of Incorporation - Article VII)

Amendments

To amend Articles of Incorporation: before Class B conversion: assent of bare majority of Board and 75% of voting power of each class. After conversion: Board majority, 75% of total voting power, and 75% of voting power of members other tha (Articles of Incorporation - Article X)

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