Terra Springs Homeowners Area

Key facts from Terra Springs Homeowners Area's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Section 1.01 defines Area Association as)

Legal name

Terra Springs Homeowners Area

Units / lots

286 (Section 6.05: 'consist of two hundred an)

Assessments & dues

Determined annually by Board based on budget; calculated per square footage of unit (Section 6.03: 'estimate the total amount)

Special assessments

May be levied for capital improvements, unexpected repairs, or debt coverage; requires affirmative vote of at least 2/3 of votes cast (except insurance shortfall may be levied by Board without vote) (Section 6.04: 'special assessment... sha)

Reserves & fees

$25 per month or fraction thereof that installment remains delinquent (Section 6.07: 'a late charge of $25.00 f)

Voting & meetings

Class A (Residential Lot Owners) one vote per lot; Class B (Declarant) one vote per lot until Termination Date (Section 3.02: 'one (1) vote for each Res)

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