Marina Village (KY)

Key facts from Marina Village (KY)'s documents

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

Community type

Condominium

Legal name

MARINA VILLAGE DOCK OWNERS ASSOCIATION, INC. (Sixth Amendment Section 1 (replacing Sec)

Developer / declarant

MARINA VILLAGE, INC., a Kentucky corporation (Introductory paragraph)

Governing law

Kentucky Horizontal Property Law, KRS 381.805 et seq. (Section 1.1)

Assessments & dues

Pursuant to By-Laws; Board of Directors determines budget (Section 6 (general); By-Laws referenced)

Special assessments

Allowed if insurance proceeds insufficient for reconstruction (Section 9.5); general authority via Budget/By-Laws (Section 9.5)

Reserves & fees

10% per annum from 61st day after due date (Section 6.3)

Pets

Usual household pets permitted subject to reasonable limitations (use, restraint, conduct) as promulgated by Board (Section 10.10)

Use restrictions

Boat Slip used only for mooring and dockage of boats and accessory use; General Common Elements used only for intended purposes (Sections 10.1, 10.2)

Voting & meetings

Each unit owner has voting rights computed on same basis as undivided shares in General Common Elements (percentage interest per Revised Exhibit B) (Section 4.3; Third Amendment Revised Exh)

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