Park Centre

Key facts from Park Centre's documents

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

Community type

Covenant / Planned Community

Developer / declarant

Charles S. Givens Interests L.L.C. (Section 1.7)

Governing law

Oklahoma Condominium Act, 85 O.S. § 851 et seq. (Preamble (subjected to the conditions, c)

Assessments & dues

Board estimates Common Expenses and sets assessments accordingly, may adjust pro rata (Section 14.5)

Special assessments

Permitted for capital improvements or costs Declarant is obligated for (Section 14.4 (assessments for costs of c)

Collections & liens

Yes, assessment lien may be recorded and foreclosed (Section 16)

Reserves & fees

Maintained out of regular assessments for capital improvements (Page 10: 'fund shall be maintained out o)

Leasing & rentals

Yes, any lease shall be in writing and subject to covenants and restrictions (Section 4 (Subject to Rent; Mortgagee Ri)

Architectural approval

Yes, Architectural Committee approval required for any exterior addition or change to the Land, including plans and specifications (Sections 4.7 and 4.8)

Setbacks / home size

Lots 1-3: 4 stories or 68 ft; Lots 4,8,9: 2 stories or 44 ft; Lots 5-7: 1 story or 36 ft (Section 4.11)

Maintenance

Owner (implied – building on Lot is Owner's responsibility) (Section 9 (Owner responsible for care an)

Insurance

Comprehensive general liability insurance covering the Common Elements and the Association's activities (Section 18.1)

Voting & meetings

Owners vote based on percentage interests set forth on Exhibit B (Section 14.4 (vote of owners of Lots rep)

Amendments

Requires consent of 80% of percentage interests (owners of Lots) unless otherwise provided (Section 13)

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