Links at Lionsgate Homes Association

Key facts from Links at Lionsgate Homes Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homes Association (residential subdivision) (Title and WHEREAS clause)

Units / lots

100 (WHEREAS: lists Lots 1-21 (21), 25-52 (28)

Developer / declarant

LionsGate Golf Developers, L.L.C., a Kansas limited liability company (First paragraph)

Assessments & dues

$300.00 per year (commencing in 2000) (Art IV.1)

Special assessments

Board may levy: (a) for correcting owner's breach; (b) for insufficient general funds; (c) for litigation expenses if owner loses lawsuit. (Art V.1, V.2, V.3)

Collections & liens

Assessment becomes automatic lien; may be foreclosed; lien subordinate to purchase money first mortgage; lien duration 5 years unless suit filed; Association may file certificate of nonpayment with $150 fee (Art VI.1-4)

Reserves & fees

Association may have surplus and reserves; cannot spend more than assessments plus surplus and reserves in any year (except for certain contracts and duties under Art III.2) (Art VII)

Voting & meetings

Until Turnover Date: Developer (Class A) holds all voting rights except Class B can vote on assessment increases per Art IV.2(c). After Turnover Date: one class, each Owner one vote per Lot; vote suspended if assessment delinquent. (Art II)

Amendments

Termination/amendment requires 2/3 of Owners and Developer (if before Certificate of Substantial Completion), plus consent of City (for Right of Way Amenities) and Club (for Club provisions). Developer may unilaterally amend for VA/FHA requ (Art X.1, X.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.