Mystic Pointe Marina Condominium Association, Inc.

Key facts from Mystic Pointe Marina Condominium Association, Inc.'s documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3)

Legal name

MYSTIC POINTE MARINA CONDOMINIUM ASSOCIATION, INC. (Section 2.4)

Units / lots

120 (Section 3.1)

Governing law

Florida Condominium Act, Chapter 718 (Section 2.1)

Assessments & dues

Board prepares budget; assessments allocated per unit percentage (1/120th each) (Section 5.1 and 12)

Special assessments

Capital additions over $50,000 in aggregate per calendar year require majority approval of Units represented at quorum meeting (Section 8)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments; can foreclose like mortgage; also may accelerate next 12 months' assessments (Section 13.2 and 13.3)

Reserves & fees

Common Expenses include reserves required by Act (Section 2.8)

Architectural approval

Board must answer written request within 45 days after request and all additional information received; failure constitutes consent (Section 9.1)

Insurance

Unit Owner must purchase insurance for risks not covered by Association, including liability insurance on the vessel in amount not less than $300,000 (amended from $4,680,000) (Section 14.8 and 1995 Amendment Exhibit )

Use restrictions

Vessel defined as leisure/recreational self-propelled boat excluding houseboat, floating home, commercial vessel. No explicit residential use but implied marina use. (Section 2.23)

Voting & meetings

Each Unit entitled to one vote per Unit Owner (Section 5.2)

Amendments

By Association: affirmative vote of Unit Owners owning over 66-2/3% of Units plus majority of Board (per 1995 Amendment recital). By Developer: during control period, may amend to correct error or effect other amendment, not materially adve (Sections 6.1, 6.2, 6.3)

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