Cypress Point Park Condominium Association, Inc.

Key facts from Cypress Point Park Condominium Association, Inc.'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Master Association with sub-associations called Parcel Associations) (Recital C, D; Article I Section 1.25 (Pa)

Legal name

Cypress Point Owners Association, Inc. (Recital D; Article I Section 1.4)

Governing law

Laws of the State of Florida (not otherwise specified) (Recital D (incorporated under laws of Fl)

Assessments & dues

Board prepares budget, determines Regular Assessments based on estimated Common Area Maintenance Expenses; allocated by Gross Square Footage of each Parcel divided by total Gross Square Footage of all Parcels (Article III Sections 3.3, 3.4)

Special assessments

Yes. Levied by Board for compliance costs, extraordinary costs, or as designated in governing documents; can be allocated as Parcel Assessment (Article I Section 1.3(b); Article III Se)

Collections & liens

Yes. Lien for Delinquent Assessment may be recorded after Delinquency Date (15 days after due, plus 15 days notice). Foreclosure after 30 days from recorded lien. Association may bid at sale. (Article III Section 3.1; Article IV Sect)

Reserves & fees

Required. Reasonable reserves as Board deems appropriate; amounts collected must be deposited in separate interest-bearing accounts, not commingled with other funds. (Article I Section 1.9(f); Article III Se)

Architectural approval

Review Committee must approve or disapprove within 30 days after complete submission; if no action, plans deemed approved. (Article V Section 5.8(e))

Voting & meetings

Initially only Declarant and Affiliated Entities vote. After transfer of voting rights, each Parcel gets number of votes equal to number of acres (rounded to nearest 0.01 acre), minimum 1 vote per Parcel. Multiple owners designate a Voting (Article II Sections 2.3, 2.4)

Amendments

Not directly specified in excerpt, but references to amendments in definitions (e.g., Articles, Bylaws, Declaration may be amended) and reference to Article XIV for annexation; no specific percentage given. (Article I Section 1.2; Article XIV refer)

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