Ridgeview Heights (MO)

Key facts from Ridgeview Heights (MO)'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Low-Income Housing Tax Credit multifamily rental development (Section 1 definition of Development: 'mu)

Legal name

RIDGEVIEW HEIGHTS HOME OWNERS ASSOCIATION, INC. (Page 2: 'creates the RIDGEVIEW HEIGHTS H)

Units / lots

192 (Section 1 definition of Development: 'co)

Developer / declarant

EPD3 RIDGEVIEW, LP

Governing law

Section 42 of the Internal Revenue Code (Page 1: 'under Section 42 of the Code' a)

Assessments & dues

Annual assessment may be increased or decreased by 2/3 of votes of members voting in person or proxy (Basis of Annual Assessment: 'may be incr)

Special assessments

May be levied in any assessment year for capital improvements; requires 2/3 vote of members voting in person or proxy at a meeting called with 10 to 45 days notice; quorum of 60% (Special Assessments for Capital Improvem)

Collections & liens

Unpaid assessment becomes a lien on the lot; Association may foreclose as a mortgage under Missouri statutes; sale or transfer under mortgage extinguishes prior assessment liens, but not future ones (Effect of Nonpayment and Subordination o)

Reserves & fees

As determined by MHDC from time to time (Section 14: 'MHDC shall be paid a transf)

Voting & meetings

Two classes: Class A (lot owners) one vote per lot; Class B (Declarant) with veto power on all Association votes until Declarant owns less than 5% of preliminary platted lots (VOTING RIGHTS section)

Amendments

By written instrument executed by both parties; MHDC may require amendments to comply with Code (Section 13)

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