Cresta Bella Commercial Association, Inc.

Key facts from Cresta Bella Commercial Association, Inc.'s documents

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

Community type

Commercial Association (nonresidential development) (Page 2: 'implementing this Declaration a)

Developer / declarant

BP HWY 10 SAN ANTONIO, LTD., a Texas limited partnership (Page 1: 'The term "Declarant" as used he)

Governing law

Texas Property Code (Article 19, Section 19.3: 'Enforcement o)

Assessments & dues

Determined by budget each year; equal to amount necessary to fund approved budget; if no budget, same as previous year (Article 16, Section 16.3)

Special assessments

May be levied by Board for capital improvements after member vote; requires 51% of a quorum in favor (Article 16, Sections 16.4)

Collections & liens

A lien is established on each parcel to secure payment of assessments. Association may foreclose after 30 days notice if owner fails to cure default. (Article 16, Sections 16.8, 16.9; Article)

Architectural approval

Yes, for any building or improvement of any character, including plans, specifications, and site plan (Article 2, Section 2.1)

Voting & meetings

Each owner has one vote per square foot of gross rentable area above the second floor plus one vote per square foot of land owned and not encumbered by flood plain (Article 16, Section 16.2)

Amendments

Requires instrument signed by owners of at least 75% of member votes, signed by Declarant while it owns any parcel, and signed by majority of Board of Directors of Cresta Bella Master Association, Inc. Declarant may unilaterally amend to cu (Article 21, Sections 21.1, 21.2)

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