Shadow Run

Key facts from Shadow Run's documents

Community type

Condominium

Legal name

Shadow Run Condominium Property Regime

Developer / declarant

MEDALLION HOMES, INC.

Governing law

Sections 76-801 through 76-823, R.R.S. Nebraska (Condominium Act); later Uniform Condominium Act §§76-825 through 76-894 (Master Deed I; Amended Master Deed I)

Assessments & dues

Interim assessments: B-1 $42/month, B-2 $42, C $44, D-1 $46, D-2 $46; annual assessments to be computed based on budget (By-Laws Article VI Sections 3 and 4)

Special assessments

Special assessments allowed for capital improvements, subject to owner approval if applicable; Board discretion where no provision (By-Laws Article VI Section 6)

Collections & liens

Unpaid assessments become a lien on unit, may be recorded, priority over subsequent mortgages but subject to prior recorded mortgages and tax liens; foreclosure allowed (By-Laws Article VI Section 9)

Reserves & fees

Reserves used for obsolescence (Article XI Section 6), but no specific minimum reserve requirement (By-Laws Article XI Section 6)

Pets

Subject to regulation, restriction, exclusion or special fees by Board (Master Deed VII(h))

Parking & vehicles

Boats, campers, trailers subject to regulation by Board (Master Deed VII(h))

Architectural approval

Board must answer written request within 30 days; failure constitutes consent (By-Laws Article VIII Section 2)

Maintenance

Common element, Association responsible (Master Deed V (exterior maintenance by A)

Use restrictions

Each apartment shall be used and occupied only as a single-family residence (Master Deed VII(e); Rules 1)

Voting & meetings

Each unit owner entitled to one vote for each 0.01% of basic value of common areas applicable to his unit (By-Laws Article II Section 7)

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