Villas of Parkwood

Key facts from Villas of Parkwood's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Villas of Parkwood

Developer / declarant

McGovern Builders Inc. and Stoney Creek Development, L.L.C. (Preamble)

Governing law

Chapter 355 of Revised Statutes of Missouri (Article 1, definition of Association)

Assessments & dues

$1152.00 per Lot not owned by Declarant (as of January 1, 2005) (Article 5, Section 3)

Special assessments

Board may levy with prior approval of Class B while exists; after termination, requires 51% vote of Class A present and voting at a special meeting with 30-60 days notice (Article 5, Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, superior to other liens except first mortgage; enforcement via suit, late charges, interest, costs, attorney's fees; Board may file certificate of nonpayment and suspend services (Article 5, Section 10)

Reserves & fees

Creation of contingency and reasonable reserve funds as determined by Board is a purpose of annual assessment (Article 5, Section 2(d))

Voting & meetings

Class A: one vote per Lot owned (multiple owners share one vote); Class B: four votes per Lot owned by Declarant (Article 3, 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.