Cobblestone (KY)

Key facts from Cobblestone (KY)'s documents

Community type

Condominium as of 2003 (Document title: Cobblestone Condominium)

Units / lots

Initially 8 units; expanded to 72 (Phase 10) then 100 (Phase 15); maximum 140 units as of 2001 (Declaration Section 2.1; Ninth Amendment)

Developer / declarant

Hills Communities, Inc., an Ohio corporation as of 2001 (Declaration, Preamble)

Governing law

KRS 381.805 to 381.910 as of 2003 (Recital C of Fourteenth Amendment; Decla)

Assessments & dues

Common Expenses assessed according to each Unit's percentage interest in Common Areas; set by Council (Developer during Development Period) as of 2001 (Declaration Article 5, Sections 5.1-5.2)

Collections & liens

Council may place lien and foreclose for unpaid assessments as of 2001 (Declaration Section 5.6 and 5.7)

Reserves & fees

Common Expenses include reserve funds established by Council as of 2001 (Declaration Section 1.1(e))

Pets

Allows animals and pets subject to restrictions as of 2001 (Declaration Section 11.7)

Leasing & rentals

Rental of Units permitted; terms govern by Council as of 2001 (Declaration Section 11.13)

Parking & vehicles

Parking regulated by Council as of 2001 (Declaration Section 11.4)

Architectural approval

Unit Owner must not alter Common Areas; exterior alterations likely require approval (not explicitly stated in Declaration excerpts; see general maintenance provisions) as of 2001 (Declaration Section 11.12 (Alteration of)

Use restrictions

Property is for residential purposes as of 2001 (Declaration Section 11.2)

Voting & meetings

One vote per Unit; Developer holds irrevocable proxy until end of Development Period as of 2001 (Declaration Section 4.1)

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