Russell Ridge

Key facts from Russell Ridge's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Site Condominium Community (Residential) (Title page: "A Site Condominium Communit)

Units / lots

32 (Phase I); up to 59 total with future expansion (Art. 1.1: "Thirty Two (32) building site)

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Master Deed Art. 3.1(a))

Assessments & dues

Board establishes budget each fiscal year, then determines annual assessment based on budget; assessments apportioned by Percentage of Value (see Exhibit D) (By-Laws Art. 5.2(a), Master Deed Art. 5.)

Special assessments

Special assessments require approval of 60% or more of all Co-owners (except those under 5.2(b) which are in Board discretion) (By-Laws Art. 5.2(c))

Collections & liens

Association has lien for nonpayment of assessments; can enforce by legal action, foreclosure, and fines (Master Deed Art. 4.4(b): "lien for nonpa)

Reserves & fees

Association must maintain reserve fund for major repairs and replacement; minimum amount equal to 10% of then current annual budget on a non-cumulative basis (By-Laws Art. 4.5)

Architectural approval

Yes; exterior appearance subject to approval of Association; may adopt aesthetic and maintenance standards (Master Deed Art. 4.3(b): "exterior appea)

Setbacks / home size

Implicitly limited by unit boundaries: 40 feet above surface (but this is the vertical limit of the unit, not a restriction) (Master Deed Art. 5.1: "extending upwards)

Maintenance

Not explicitly stated; but since unit includes space above ground, likely owner responsibility as part of unit improvement

Insurance

Not detailed; Board obtains insurance for Common Elements (By-Laws Art. 4.2(f): "Obtaining insuranc)

Use restrictions

Yes; described as "residential site condominium" (Master Deed Art. 1.1: "The Project is a )

Voting & meetings

One vote per Unit when voting by number; one vote with value equal to total percentage of value when voting by value; no cumulative voting (By-Laws Art. 2.2)

Amendments

Pre-conveyance: Developer can unilaterally amend. Post-conveyance: non-material changes without consent; material changes require 2/3 of Co-owners and mortgagees; certain changes require Developer consent; compliance amendments by Developer (Master Deed Art. 9.1, 9.2 (a)-(f))

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