Power & Light North Condominium

Key facts from Power & Light North Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Condominium Declaration for the Power & )

Legal name

Power & Light North Condominium

Developer / declarant

The Planned Industrial Expansion Authority of Kansas City, Missouri

Governing law

Missouri Uniform Condominium Act (Sections 448.1-101 to 448.4-120, RSMo) (Section 1.1(A))

Assessments & dues

Association adopts budgets and levies Regular Assessments based on each Owner's Allocated Interest for Common Expenses. Limited Common Element Assessments based on respective estimated amounts. Special Unit Expenses determined by Associatio (Section 5.1(A), (B), (C))

Reserves & fees

Budgets include allocations to reserves (for Limited Common Expenses). (Section 5.1(B))

Insurance

If only one Unit damaged, that Unit Owner pays entire deductible. If multiple Units damaged, deductible allocated proportionally among those Owners based on insurance cost allocation. (Section 4.6(E))

Voting & meetings

Each Owner entitled to voting power equal to its Unit's Voting Interest (per Section 1.1(JJ)). Voting on all matters by proxy. Owners appoint representatives to the Board. Bylaws set quorum requirements. (Section 4.1; Section 2.4(E))

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