Vieux Carre Commons

Key facts from Vieux Carre Commons's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Vieux Carre Property Owners' Association, Inc. (Article I, Section 1.1 (page 2); also Ex)

Developer / declarant

John B. Maxwell, Jr., Trustee under written trust agreement dated September 13, 1995 (Preamble)

Assessments & dues

Pro-rata according to each Owner’s voting right in the Association. Monthly in advance on the first day of each month. Board prepares annual budget. (Article X, Section 10.1)

Special assessments

Board may levy special assessment for any purpose to keep Property as first class commercial, retail offices subdivision. Due as determined by Board. (Article X, Section 10.2)

Collections & liens

Unpaid assessments constitute a lien on the Parcel. Lien enforced by trustees (Robert L. Dinkelspiel and M. Wayne Mink, Jr., or successor) via non-judicial foreclosure after 21 days’ notice by three publications; sale at courthouse door; pr (Article VII, Sections 7.1, 7.2)

Reserves & fees

Mandatory for Board to establish and segregate a contingency or reserve fund for repair, replacement, and maintenance of Common Areas that must be replaced periodically. (Article X, Section 10.1 (last paragraph )

Voting & meetings

Each Owner: total square feet of Parcel(s) divided by total square feet of Property (exclusive of private roads). Declarant has weighted vote (formula times 2) until 70% of projected total square footage conveyed. (Article VIII, Section 8.3)

Amendments

Amendments require instrument signed by Owners of 75% of Parcels. Declarant may unilaterally amend within 5 years of recording. Amendments must be recorded. (Article VI, Section 6.1)

Amenities

Two man-made stormwater detention ponds (Detention Ponds). (WHEREAS clauses; Article I, Section 1.2)

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