City Market Townhouses

Key facts from City Market Townhouses's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

City Market Townhouses

Developer / declarant

City Market Townhouses, LLC

Governing law

General Business Corporation Law of the State of Missouri (Article 1.2)

Assessments & dues

Not fixed; determined annually by Board of Directors based on budget (Article 5.2)

Special assessments

Allowed; with Class B member approval while exists; after termination requires 51% of Class A votes cast at special meeting with 30-50 days notice (Article 5.3)

Collections & liens

Unpaid assessments become continuing lien on Lot, superior to other liens except first mortgage; Association may file certificate of nonpayment, sue to enforce lien, collect costs and attorneys fees (Article 5.7.a, 5.7.b)

Reserves & fees

Contingency and other reasonable reserve funds as determined by Board (Article 5.2.d)

Pets

Yes, but limited; livestock and poultry prohibited (Article 10.7)

Leasing & rentals

Yes, but subject to Board regulations and minimum lease term of 90 days (Article 10.1)

Architectural approval

Board of Directors must give prior written consent for painting or changing exterior appearance, erecting fences, hedges, walls, etc. (Article 7.5, Article 10.11)

Signs & flags

One "for sale" sign per Owner allowed in front of Unit; no other signs without Board approval (Article 10.3)

Maintenance

Association responsible for repair or replacement of roofs (Article 7.2.a.2)

Insurance

Association to obtain public liability insurance, workers compensation, fidelity insurance, and other as Board deems necessary (Article 6.1)

Use restrictions

Each Townhome Unit used solely for private residence of no more than one family unit (Article 10.1)

Voting & meetings

Two classes: Class A (each Owner one vote per Lot); Class B (Declarant ten votes per each Townhome Unit which may be constructed) (Article 3.1.a, 3.1.b)

Amendments

Initially 30 years from recording; auto-renew 15-year periods unless 51% of Class A votes signed instrument to change, with 30 days advance recordation and notice; party wall covenants never terminate (Article 11.2)

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