Jefferson Crossings

Key facts from Jefferson Crossings's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declarant submits property to Horizontal)

Legal name

Jefferson Crossings Condominiums

Units / lots

28 (16 residential + 12 garage) originally; additional units created by First Amendment (Article II(A) – original count; First Am)

Developer / declarant

JEFFERSON CROSSING CD, LLC

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to KRS 381.910 (Preamble and Article XIV references)

Assessments & dues

Common expenses assessed proportionally to unit’s percentage interest in common elements (Exhibit B). Budget and assessment amounts are set by Board per Bylaws. (Article VI(A) – share of common expense;)

Collections & liens

Unpaid assessments constitute a lien on the unit, prior to all except first mortgage and tax liens. After 30 days default, Council may sue for collection and foreclose like a mortgage. (Article VI(C))

Reserves & fees

Interest accrues after 10 days past due; rate per annum as provided in Bylaws. (Article VI(B))

Parking & vehicles

Board assigns one exterior parking space per residential unit for exclusive use; garage units are separate owned units. Use of common elements for parking subject to Board rules. (Article III(E))

Architectural approval

Written consent of Board required for any alteration affecting common elements, exterior colors, or building materials; also for any permit application affecting common elements or other units. (Article V(D))

Maintenance

Council maintains, repairs, and replaces the roof (common element). (Article V(A)(1) – includes roof)

Insurance

Buildings and common elements insured to maximum insurable replacement value (excluding foundation/excavation); personal property at value determined by Board. Coverage includes fire, extended coverage, vandalism, malicious mischief, earthq (Article IX(B))

Voting & meetings

Unit owners vote in proportion to percentage interest in common elements (Exhibit B). In amendments requiring owner vote, 67% in interest of common elements and 51% of eligible mortgage holders required. (Article XIII(B) – amendment vote; Articl)

Amendments

After declarant control period, amendment requires (a) approval by Board, (b) written notice to all members at least 30 days in advance, (c) instrument signed by owners representing 67% in interest of common elements and by eligible mortgag (Article XIII(B))

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