Glassworks

Key facts from Glassworks's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Basis under Horizontal Property Law)

Legal name

Glassworks Condominium Association, Inc.

Governing law

Horizontal Property Law of Kentucky, KRS 381.805 through 381.910 (Preliminary Statement)

Assessments & dues

Board determines estimated Common Expenses annually, assesses monthly or quarterly per percentage of common interest. If no formal determination, uses previous year increased by Consumer Price Index. (Article J)

Special assessments

Not explicitly called special assessment; but additional assessments for specific costs (e.g., hallway occupancy costs) imposed by amendment (Second Amendment item 4, Third Amendment)

Collections & liens

Unpaid Common Expenses constitute a lien on the Unit, prior to all other liens except taxes and first mortgage. Enforced by suit; 30 days written notice required. (Article L)

Reserves & fees

Capital Replacement Fund established; portion of Common Expense collections allocated to it. Disbursements only for major capital improvements or repayment of indebtedness. (Article R)

Parking & vehicles

Certain Units designed for parking of vehicles may be shown on Plans. (Article A.11)

Architectural approval

After Developer cedes control, substantial structural alteration requires 60% approval by Directors and written consent of lienholders. (Article P)

Maintenance

Roof is a Common Element – responsibility of Council. (Article A.4(b) – 'roof' included in Comm)

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance minimum $500,000 per occurrence, workers compensation if required. (Article N)

Use restrictions

Units may be used as residential and commercial (live/work) unless designated 'residential' or 'commercial' in Exhibit B. (Article G.1)

Voting & meetings

Based on square footage of Unit; each Unit's percentage of common interest per Exhibit B (Article U)

Amendments

By signatures of majority of Unit owners, recorded. Developer may amend for as-built plans without unit owner joinder. (Article W, also Section B and C)

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