College Way Townhomes Owners Association

Key facts from College Way Townhomes Owners Association's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Homeowners Association (Document title and name of Association)

Developer / declarant

Not directly named in bylaws; references 'Declarant' in Art. IV §1 and elsewhere (Art. IV §1)

Governing law

Utah Nonprofit Corporation Act (implied) (Art. I §1 (name as Utah nonprofit corpor)

Assessments & dues

Board fixes monthly assessment per Lot (Art. V §2(c)(1))

Special assessments

Referenced as 'special assessments' in Art. X §1; process not detailed (Art. X §1)

Collections & liens

Assessment secured by continuing lien on Lot; subordinate to first mortgage; right to foreclose after 30 days delinquency (Art. X §1)

Reserves & fees

5% of each delinquency as late payment service charge (Article X, Section 1)

Architectural approval

Yes, Architectural Control Committee enforces Article VIII of Declaration (control of improvements and landscaping) (Art. VIII §1)

Voting & meetings

Two membership classes: Class A (owners) and Class B (Declarant) (Article III, Section 2 (Class B member) )

Amendments

At regular or special meeting of Board; majority of Board vote (Art. XI §1)

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