Cardinal Ridge (MO)

Key facts from Cardinal Ridge (MO)'s documents

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

Community type

Homeowners Association (Section 1.03: Estates at Cardinal Ridge )

Governing law

Missouri Not-For-Profit Corporation Law (Section 2.02: 'a corporation organized u)

Assessments & dues

Association Board prepares annual cash budget; automatically approved unless two-thirds of Owners vote not to approve. Assessments uniform per lot. (Section 3.02)

Special assessments

Allowed for construction, reconstruction, repair, replacement of Common Property improvements, or unexpected costs. After Development Period, requires Owners meeting and approval unless two-thirds vote not to approve. (Section 3.08)

Collections & liens

Assessments constitute a lien on lot, superior to other liens except purchase money mortgages and tax liens. Association may file claim of lien and foreclose. (Sections 3.01, 10.03)

Reserves & fees

Interest rate for late payment established by Association Board, not exceeding maximum allowed by Missouri law. (Section 3.05(a))

Voting & meetings

Each Owner entitled to one membership and one vote; joint owners share one vote. (Section 2.03(a))

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