Buttrick Ridge

Key facts from Buttrick Ridge's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Site Condominium (Buttrick Ridge, a Site Condominium) (Article I, Article IV)

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Article I, definitions in Article III)

Assessments & dues

Board of Directors establishes annual budget and allocates assessments equally per unit (since percentages equal); assessments payable in quarterly installments (Exhibit A Article V Section 4)

Special assessments

Requires prior approval of more than two-thirds of Members in value and in number (Exhibit A Article V Section 5)

Collections & liens

Unpaid assessments constitute a lien on the Unit prior to all other liens except tax liens and first mortgage; foreclosure may be by judicial action or advertisement (Exhibit A Article V Section 6)

Reserves & fees

Budget shall establish an adequate reserve fund for maintenance, repair and replacement of common elements, financed by regular quarterly payments (Exhibit A Article V Section 4)

Use restrictions

Units are building sites for single family homes; all Units must be residential Units (Article IV, Article X Section 2(h))

Voting & meetings

One vote per unit by number, and one vote equal to percentage of value when voting by value (Exhibit A Article II Section 2)

Amendments

Non-material amendments by Developer alone; material amendments require affirmative vote of two-thirds of Co-owners and two-thirds of first mortgagees; certain changes require consent of each affected Co-owner and mortgagee; Developer may a (Article XI Section 1)

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