Charlesgate Village

Key facts from Charlesgate Village's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Article I: Name and Location; Article II)

Legal name

Charlesgate Village Association, Inc.

Governing law

Not-for-Profit Corporation Law of the State of New York (Section 3.03)

Assessments & dues

Board of Directors determines and levies maintenance assessments and special assessments as provided in Second Amended Supplemental Declaration. (Section 5.13(b), Section 5.13(c))

Special assessments

Board may levy special assessments (Section 5.13(b)); also specifically for maintenance of a Lot if owner fails (Section 9.01(e)) and for discharge of mechanic's lien (Section 9.01(f)). (Sections 5.13(b), 9.01(e), 9.01(f))

Collections & liens

Board may collect delinquent assessments by suit (Section 5.13(g)). Mechanic's lien discharge may be specially assessed against responsible Unit Owners (Section 9.01(f)). (Sections 5.13(g), 9.01(f))

Reserves & fees

Separate account for capital reserve funds; reserve study every five years by certified reserve consultant. (Section 8.05)

Voting & meetings

Each Unit Owner has one vote; voting rights suspended for violations declared by Board and for nonpayment of assessments exceeding 200% of monthly maintenance assessment. (Section 3.02)

Amendments

Requires: (a) notice to all Unit Owners and mortgagees 10-40 days prior; (b) approval by 67% of Units owned by Unit Owners in good standing present in person or by proxy; (c) no written opposition from >33% of all Units or mortgagees of ≥51 (Section 11.01)

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