Pavilion Park

Key facts from Pavilion Park's documents

Community type

Condominium

Legal name

Pavilion Park Condominiums

Units / lots

Number of lots not specified; subdivision contains multiple lots (Subdivision Declaration)

Developer / declarant

PBI BANK, INC.

Governing law

Kentucky Horizontal Property Law (KRS 381.805–381.910) and Kentucky Condominium Act (KRS 381.9101–381.9207) (Second Amendment to Declaration of Maste)

Assessments & dues

Initial annual assessment $350 per Lot (subdivision). Condominium common expense liability based on percentage. (Declaration Section 5(f)(i))

Special assessments

Special assessment requires approving vote of 2/3 of each class or written consent of 80% of voting power. Exception for sewer/stormwater (Director without vote). Also supplemental annual assessment by Directors. (Declaration Section 5(d))

Collections & liens

Unpaid assessments become a lien on the Lot; recording of Declaration is notice; no need to record separate claim; Association may foreclose. (Declaration Section 5(b), 5(g))

Reserves & fees

Interest at lesser of 18% per annum or highest rate allowed by law. (Declaration Section 5(g))

Pets

Dogs, cats, and other household pets (not vicious) and aquariums allowed; no livestock, poultry, or commercial breeding. (Declaration Section 8(a)(v))

Maintenance

Owner responsible for maintenance of Lot and improvements; Association responsible for common properties, including open space, private roads, islands, signature entrances. (Declaration Section 3(d), Section 5(i))

Use restrictions

Lots used only for private single-family residential purposes, duplex condo/patio homes also allowed. (Declaration Section 8(a)(i))

Voting & meetings

Class A: one vote per Lot; Class B (Declarant): three votes per Lot. Condominium: one vote per Unit. (Declaration Section 3(b); Second Amendme)

Amendments

Subdivision Declaration: Declarant may amend while owning a Lot; thereafter amendment by vote of 2/3 of Owners or written consent of 80% of Lots. Condominium: Section 24 of Master Deed (67% of unit owners) as referenced. Second Amendment: D (Declaration Section 10(c); First Amendme)

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