Captains Quarters Marina

Key facts from Captains Quarters Marina's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (boat slip condominium) (Section 1: Purpose, KRS 381.805-381.910)

Legal name

Captain's Quarters Marina

Units / lots

198 Boat Slip Units initially (excluding letter A slips); after amendment adds 134 units (Dock A: 62, Dock B: 72) making total 332 (Section 3.5.A (198 units) and amendment )

Developer / declarant

Fourth Avenue Corporation

Governing law

Kentucky Revised Statutes KRS 381.805 through 381.910 (Kentucky Condominium Property Act) (Section 1, page 1)

Assessments & dues

Not fixed; each owner pays pro rata share of common expenses based on percentage of common elements (Section 6.1)

Special assessments

Permitted for reconstruction or repair after casualty if insurance proceeds insufficient (Section 9.5) and for other expenses as determined by Association (Section 9.5)

Collections & liens

Association has lien for unpaid assessments including reasonable attorney's fees; may foreclose lien in manner provided by Kentucky statutes; receiver may be appointed to collect rent pending foreclosure (Sections 6.4, 6.5, 6.6)

Reserves & fees

If assessment not paid within 60 days after due, additional penalty of 10% per annum from 61st day until paid (in addition to 12% interest per annum from due date) (Section 6.3)

Leasing & rentals

Not explicitly prohibited; leasehold interests are not addressed, but transfer of ownership requires recording of deed (see Articles of Incorporation Article V). Association membership is appurtenant to unit ownership. (Articles of Incorporation Article V (pag)

Signs & flags

Unit owner shall not paint or otherwise change or decorate appearance of Boat Slip Unit without Board permission (Section 5.1.B(2)). Additionally, Section 5.1.C requires approval for any alterations, additions or removal. (Section 5.1.B(2), 5.1.C)

Use restrictions

Section 10.2 prohibits noxious or offensive activities; Section 10.5 prohibits anything that may interfere with use of other units or common elements; Section 10.8 prohibits improper use or misuse of property (Section 10.2, 10.5, 10.8)

Voting & meetings

One vote per Boat Slip Unit owner (or collectively if joint ownership) (Section 4.3)

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