Hidden Valley Homeowners Association (MN)

Key facts from Hidden Valley Homeowners Association (MN)'s documents

Community type

Residential subdivision with HOA (WHEREAS clauses)

Legal name

Hidden Valley Homeowners Association (WHEREAS clauses)

Governing law

Laws of the State of Minnesota (implied) (Opening paragraph)

Assessments & dues

Initially $60.00 per year; may be increased by greater of $10 per lot or CPI (twelve-month period preceding) without vote; higher increase requires 67% vote of each class (Article V, Section 3)

Special assessments

Individual Lot Maintenance Assessment levied against a lot for cost of correcting a violation (e.g., failure to perform covenant) (Article V, Section 4)

Collections & liens

Delinquent assessment becomes a continuing lien on the lot; may be foreclosed by action or advertisement in same manner as mortgages in Minnesota; lien subordinate to first mortgage (Article V, Section 5)

Reserves & fees

Interest at 12% per annum on delinquent assessments (Article V, Section 5)

Architectural approval

Plans and specifications for original construction or modifications must be submitted for written approval before construction begins (Article VI, Section 2 and 3)

Setbacks / home size

One-story: 1,000 sq ft ground floor; two-story: 800 sq ft; split-entry: 1,000 sq ft (upper level counted) (Article VII, Section 2)

Use restrictions

All lots shall be used only for residential purposes (Article VII, Section 1)

Voting & meetings

Two classes: Class A (lot owners except Declarant) one vote per lot; Class B (Declarant) three votes per lot owned until earlier of Dec 31, 2010 or when Class A votes equal Class B votes (Article II, Section 2)

Amendments

During first 30 years: instrument signed by not less than 75% of owners; thereafter: not less than a majority of owners; must be recorded (Article IX, Section 2)

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