Park Duvalle

Key facts from Park Duvalle's documents

Community type

homeowners_association (Declaration Section 4.1)

Legal name

Park DuValle Property Owners Association, Inc.

Units / lots

Numerous (see Exhibit A) (Exhibit A lists approximately 350+ lots )

Developer / declarant

Louisville Metro Housing Authority (formerly Housing Authority of Louisville) (Declaration preamble and Fourth Amendmen)

Governing law

Kentucky not-for-profit corporation law (Declaration Section 4.1 (Association for)

Assessments & dues

$120 per Lot for year 2000 (Declaration Section 5.3(c))

Special assessments

Allowed with assent of members per bylaws for capital improvements (Declaration Section 5.4)

Collections & liens

Assessment lien may be foreclosed like mortgages; subordinate to first mortgage and Permitted Second Mortgage (Declaration Sections 5.1, 5.7)

Reserves & fees

Not required but budget may include reserve for contingencies and replacements (Declaration Section 5.3(a))

Home business

Not expressly prohibited; only residential use required (Declaration Section 6.1)

Signs & flags

One sale/rent sign max 6 sq ft; developer signs allowed; no other signs without permission (Declaration Section 6.6)

Use restrictions

Prohibited (Declaration Section 6.2)

Voting & meetings

Each Class A member one vote per Lot; lots with multiple units each unit owner one vote (Declaration Section 4.2(c) and (d); Four)

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