St. Elizabeth's Island at Oak Harbor Homeowners Association, Inc.

Key facts from St. Elizabeth's Island at Oak Harbor Homeowners Association, Inc.'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (See definition of Association; Article I)

Developer / declarant

Oak Harbor Villas Community, Inc., a Florida corporation (Introductory paragraph)

Governing law

Florida (implied) (Document is a Florida corporation declar)

Assessments & dues

Board of Directors adopts an annual budget, and Annual Assessment is calculated by dividing budget by number of lots conveyed to Owners (other than Declarant). (Article VII Section 9 (budget); Section )

Special assessments

Board may levy Special Assessments for capital improvements, unexpected repairs, common expenses deficits, etc. Same basis as Annual Assessment unless otherwise determined. (Article VII Section 5)

Collections & liens

Assessments shall be a continuing lien upon the Lot and may be foreclosed. Assessment is also a personal obligation. (Article VII Section 1; Section 13 (subor)

Reserves & fees

Association may create reasonable reserves. Initial capital contribution placed in capital reserve account. (Article VII Section 2 (reasonable reserv)

Insurance

Association shall insure improvements on Common Properties for fire and other casualty at full insurable replacement value. May also obtain flood insurance, liability insurance ($5,000,000 minimum), fidelity bond, workers' compensation. (Article VI Sections 1, 2, 3, 5)

Use restrictions

Implied; Property defined as Residential Property excluding roads, rights-of-way, lakes, Common Areas. (Article I Section 27)

Voting & meetings

Each Owner is a Member (Article I Section 23) and has voting rights; Declarant also has voting rights while it owns lots. (Article XIII Sections 1-3)

Amendments

Declarant may execute Supplemental Declarations or Amendments to add/remove property, impose further conditions, correct errors, all without consent of other Owners. Certain actions (like dedication of Common Areas) require 75% Owner approv (Recitals paragraph G; Article IV Section)

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