Ledgewood

Key facts from Ledgewood's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential subdivision (Article V, Section 1: No lot shall be us)

Units / lots

17 lots (Lots 1-17) plus Open Space Lot 18 (Article I, Section 1: BEING Lots 1 throu)

Developer / declarant

Pinnacle/BUC, LLC

Assessments & dues

Maximum annual assessment: $450.00 (Article IV, Section 3A: The maximum annu)

Special assessments

Yes, for capital improvements; levied in any assessment year for that year only (Article IV, Section 4)

Collections & liens

Annual and special assessments are a continuing lien on the lot; may be foreclosed like mortgages in Kentucky (Article IV, Section 1; Article VII, Sect)

Reserves & fees

Late charge as determined by Association's governing body (Article IV, Section 7)

Voting & meetings

One vote per lot; two classes: Class A (lot owners except Developer), Class B (Developer). Class B converts to Class A upon earliest of: Developer's sole discretion, 90 days after 100% lots sold, or January 1, 2008. Upon conversion, Develop (Article II, Sections 2 and 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.