Millsboro Towne Village

Key facts from Millsboro Towne Village's documents

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

Community type

commercial mixed-use shopping center ("Project" referred to as a shopping cent)

Units / lots

Numerous parcels; at least 20 parcels identified in the site plan (Parcels 1-13 Phase 1, Parcels 14-20 Phase 2/Remaining, plus MTV Land Parcel 16) (Recitals and site plan descriptions)

Governing law

Laws of the State of Delaware (Section 21)

Assessments & dues

Proportionate share based on acreage (for Roadway Costs, Common Area Costs, Phase 2 Common Area Costs, Stormwater Costs) or square footage of sign panels (for Pylon Sign Costs). Percentage = (acres of Parcel) / (total acres of Assigned Parc (Sections 5e, 6b, 7c, 8c, 10d)

Collections & liens

Any mechanics lien shall be discharged or released within 30 days after being filed (Section 14)

Signs & flags

Two pylon signs on Phase 1 (TCB Pylon Signs) are maintained by Cole; sign panels maintained by respective owners/occupants. MTC II may install additional pylon signs on Phase 2. Individual parcels may have monument signs subject to leases. (Section 10)

Amendments

Not explicitly stated; implies agreement of all Owners as parties to the REA (General structure)

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