Palmer Oaks Master Association, Inc.

Key facts from Palmer Oaks Master Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Kimball Hill Homes Florida, Inc., a Florida corporation (First paragraph of declaration)

Governing law

Not a condominium association subject to Chapter 718, Florida Statutes (unless otherwise required by law). However, references to Chapter 718 appear. (Section 2.4: "Master Association is not )

Assessments & dues

Board adopts budget at least 30 days before fiscal year. Assessment = total Common Expenses divided by number of Lots/Units. May be changed during year with written notice. (Section 6.2)

Special assessments

Board may levy special assessments for Common Expenses. Capital improvements exceeding $100,000 or 10% of operating budget require approval of majority of Board and 66-2/3% vote of Members. (Section 6.2 (special assessments) and Se)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot or Unit. Master Association may record claim of lien and foreclose. Lien subordinate to real property tax liens and first mortgages recorded before claim of lien. Sale/transfer under fo (Section 6.10 and Section 6.11)

Reserves & fees

Portion of regular assessments for reserves and special assessments held by Master Association, may be invested in interest-bearing accounts or CDs. (Section 6.14)

Parking & vehicles

Garage Parking Spaces part of Unit and maintained by Unit Owner. Tandem Parking Spaces owned/maintained by Master Association but exclusive use to adjacent Unit. Common Parking Spaces are Common Areas for all Owners. Master Association main (Section 4.16)

Signs & flags

Developer may place signs for sales and construction. No general restriction on owner signs in provided text. (Section 4.1 and Section 4.15 (Developer )

Use restrictions

Not explicitly stated as a restriction in provided text. However, the Master Development Plan shows land intended for residential use (single family, townhouse, multifamily). (Section 1.22 definition of Residential L)

Voting & meetings

Three classes: Class A (Owners, 1 vote per lot/unit); Class B (Developer, 1 vote plus 2 votes for each vote of Class A and C combined, until 1 year after last lot/unit sold or earlier at Developer's election); Class C (Residential Land Owne (Section 3.3: Class A, Class B, Class C)

Amendments

Developer has unilateral right to amend Declaration to remove portions of property owned by Developer. Developer may also amend by supplemental declaration to add land or alter application of provisions for specified portions. General amend (Section 2.2 (supplements), Section 2.3 ()

Amenities

Common Areas include recreational facilities, entrance features, gate facilities, etc. Specific amenities not listed. Membership cards may be required for recreation facilities. Decals for vehicles may be required. Admission and other fees (Section 4.2 (membership cards, decals, a)

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