Orell Station

Key facts from Orell Station's documents

Community type

residential subdivision (recitals (Doc 121133 page 1: 'intended..)

Legal name

Orell Station

Developer / declarant

TSB Development, Inc.

Assessments & dues

Not fixed; determined by Board as reasonably necessary to meet budgeted expenses. (Doc 121133 Section 4.3; Doc 121891 Secti)

Special assessments

Permitted for capital improvements; payable lump sum or installments with interest set by Board. (Doc 121133 Section 4.4; Doc 121891 Secti)

Collections & liens

Assessments create a continuing lien on the Lot; can be foreclosed. Personal obligation of owner at time assessment fell due, but does not pass to successors unless assumed. Lien remains effective despite transfer. (Doc 121133 Section 4.1 and 4.7; Doc 1218)

Reserves & fees

Board may establish a reserve account from assessments. (Doc 121133 Section 4.3 'reserve account')

Home business

Original: prohibited (including medicine, dentistry, etc.) except model home (24 months) and sales office. Amended: Home Occupations per Land Development Code allowed, daycare max 4 persons, model home up to 48 months, sales office until lo (Doc 121133 Section 5.7; Doc 120621 pages)

Voting & meetings

Class A: Lot owners one vote per Lot; if multiple owners, must vote together or no vote cast. Class B: Developer one vote per Lot (including sold lots) until conversion. (Doc 121133 Section 3.2; Doc 121891 Secti)

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