Bellagio on Venice Island Homeowners Association, Inc.

Key facts from Bellagio on Venice Island Homeowners Association, Inc.'s documents

Community type

Covenant / Planned Community

Legal name

Bellagio on Venice Island Homeowners Association, Inc.

Units / lots

Number determined by Plat (not explicitly given, but per Article VI Section 6 assessment share based on number of Lots on Plat) (Article VI Section 6)

Developer / declarant

Venice HG, L.C., a Florida limited liability company (Preamble)

Governing law

Chapter 617, Florida Statutes (for nonprofit corporation) (Article I Section 4)

Assessments & dues

Determined annually by Board budget; if increase >115% of prior year, requires membership vote. Default: continues at prior year amount. (Article VI Sections 2,5)

Special assessments

May be levied for nonrecurring maintenance or capital improvements; must be approved by majority of Members present and voting at meeting. (Article VI Section 3)

Collections & liens

All assessments secured by continuing lien on Lot, subject to first mortgage. Association may foreclose judicially; may sue personally; may bid at sale or acquire Lot. While owned by Association, no vote, no assessment; each other Lot pays (Article VI Sections 8,9,10,13)

Reserves & fees

Budget must include reserves for common area maintenance, repair, replacement (including drainage, clubhouse, etc.) (Article VI Sections 2,5)

Home business

Permitted if: (1) not apparent from outside, (2) conforms to zoning, (3) no regular client/customer visits, (4) consistent with residential character, not a nuisance. (Article II Section 7(g))

Use restrictions

Each Lot improved and used for residential purposes only; only single-family detached homes allowed. No trade, business, or profession except Declarant's business and home businesses meeting certain conditions (not apparent, no regular clie (Article II Section 7(g))

Voting & meetings

Two classes: Class A Members (all Owners except Declarant) have one vote per Lot; Class B Member (Declarant) has three votes per Lot owned. Class B converts to Class A when Declarant elects or no later than 3 months after 90% of Lots convey (Article V Section 2)

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