Wall Street Condominiums

Key facts from Wall Street Condominiums's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Residential Unit Development (P.R.U.D.) (Recitals: "Oak Hills Patio Homes P.R.U.D)

Units / lots

10 total: 2 Lots in Parcel A (R1 and R2) and 8 Units in Parcel B (Units 1 through 8) (Recitals describing Parcel A and Parcel )

Developer / declarant

Elite-Craft Homes, LLC, a Utah limited liability company (Declarant definition, Article I)

Assessments & dues

Amount not set in Declaration; determined annually by Board based on budget (Section 3.24(D): "Based on the annual bu)

Special assessments

Permitted; if in aggregate exceeds 15% of budgeted gross expenses, must be approved by at least 67% of Owners and Declarant while Declarant owns any Lots (Section 3.24(E))

Collections & liens

Association has a lien against each Lot for unpaid assessments; may foreclose after 30 days past due; may also obtain money judgment without waiving lien (Section 3.25(C))

Reserves & fees

Reserve Fund established for replacement of Common Area improvements; Board budgets for it, may borrow from it for seasonal demands (Section 3.24(G))

Pets

Yes, dogs, cats, or other household pets; not bred for commercial purpose; no more than two such pets per Lot (Section 3.9: "no more than two such hous)

Leasing & rentals

Not explicitly allowed or prohibited; the Declaration references "leased" in preamble but no restrictions in Parcel B. (Preamble: "The Subdivision (and any Lot )

Parking & vehicles

Vehicles restricted to roads and driveways; snowmobiles/motorcycles only for ingress/egress. (Section 3.22)

Fences

Fences shall be kept to a minimum to encourage natural habitat and aesthetics; prior Committee approval required before erection; also see Section 4.1 (easements) (Section 3.2(14) and Section 3.2(A))

Architectural approval

Yes, for all Improvements exceeding 100 sq ft, including new Dwelling, garage, out-building, any addition or modification; also for fences, walls, outbuildings; exterior materials must be approved (Section 3.1(B): "Improvements of any kin)

Home business

Permitted if in compliance with City ordinance (home occupation) (Section 3.5: "the use by any Owner of hi)

Signs & flags

Generally prohibited except: traffic control signs by City, temporary warning signs, construction signs not exceeding 4 sq ft, for-sale signs per City regulations not exceeding 4 sq ft, Declarant's sales sign until 100% of lots sold; perman (Section 3.6)

Setbacks / home size

Dwellings must comply with applicable zoning ordinances and setback requirements established by such ordinances (Section 3.2(10): "All Dwellings shall be)

Maintenance

Not explicitly allocated; likely Owner responsibility as part of Dwelling maintenance (Section 3.12 requires all Improvements t)

Insurance

Not explicitly required; but no hazardous activity that would cause cancellation of conventional homeowner's property and casualty or liability insurance policy (Section 3.14)

Use restrictions

Yes; Lots shall be used only for private residential purposes; no commercial business use except Declarant's sales office and home occupations per city ordinance (Section 3.2 ("Lots shall be used only fo)

Voting & meetings

Owners of Lots in Parcel B vote; voting rights can be suspended for violation of governing documents; Declarant retains certain voting power on special assessments (Section 3.24(E) requires approval by at )

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