Placido Bayou Community Association, Inc.

Key facts from Placido Bayou Community Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Placido Bayou Community Association, Inc.

Units / lots

636 (based on 636 units in Placido Bayou)

Assessments & dues

Board adopts annual budget for Operating Expenses; budget must include reserve accounts for capital expenditures and deferred maintenance unless waived (Article XIII Section 1)

Reserves & fees

Unless waived, annual budget shall include reserve accounts for capital expenditures and deferred maintenance (Article XIII Section 1)

Voting & meetings

Each Unit entitled to one vote on each matter; no fractional vote; vote in person or by proxy; no division of vote (Article V Section 2 (Declaration) and Ar)

Amendments

Declaration: proposed by Board or at least 10% of members; quorum 50%+1 of eligible ballots; approved by 60% of votes cast (Article XII Section 1)

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