Mill Creek Terrace

Key facts from Mill Creek Terrace's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

master association (master planned condominium development) (Preamble C: 'Master Association'; Preamb)

Legal name

Mill Creek Terrace

Units / lots

1 (Lot 1 of Mill Creek Addition) (Exhibit A: 'All of Lot 1, MILL CREEK ADD)

Developer / declarant

MH Mill Creek, LLC

Governing law

Condominium Act (Chapter 448, Revised Statutes of Missouri) (Section 2.8: 'Condominium Regime Act (Ch)

Assessments & dues

Board prepares annual budget, provides summary to Owners, sets meeting for ratification. Owners may reject by majority vote; if rejected, prior budget continues. Monthly Assessment = 1/12 of annual Assessment per Owner based on Share. (Section 4.2B; Section 4.4: 'each Owner s)

Special assessments

Supplemental Assessment allowed if Board determines annual budget insufficient; must follow same notice and ratification process as annual budget. (Section 4.5: 'supplemental budget shall )

Reserves & fees

Initiation Fee: equal to 1/6 of the annual Assessment for the calendar year, payable by new owner (not Developer) upon conveyance. (Section 4.6B: 'such party (the “New Owne)

Signs & flags

Developer or its agent may maintain signs on Common Area advertising the Property as long as any Unit or Lot owned by Developer remains unsold, subject to applicable laws. (Section 5.8: 'Developer or its agent may)

Use restrictions

yes (Section 1.24: Unit definition: 'intended)

Voting & meetings

20% of votes entitled to be cast, represented in person or by proxy (Bylaws: 'Quorum. A quorum of Owners for )

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