Victoria Park Subdivision Association, Inc.

Key facts from Victoria Park Subdivision Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I C)

Developer / declarant

Victoria Park Subdivision Association, Inc., an Alaska nonprofit corporation (Preamble, Article I G)

Governing law

Laws of the State of Alaska (nonprofit corporation) (Preamble)

Assessments & dues

Determined each year by Board based on budget; allocated equally per Lot (Article VI Sections 2, 7, 9)

Special assessments

Allowed; requires assent of simple majority of votes of Members at a meeting duly called for that purpose (Article VI Section 3)

Collections & liens

Association has a lien on the Lot for unpaid assessments, fines, etc.; may foreclose lien in same manner as a mortgage; recorded notice of lien required for priority over subsequent bona fide purchasers/mortgagees (Article VI Sections 10, 13)

Reserves & fees

Association may establish reasonably necessary reserve funds for major repairs, emergencies, insurance premiums, taxes, legal expenses (Article VI Section 2)

Pets

Yes, household pets only; no horses, cattle, swine, goats, poultry, fowl; no commercial breeding (Article VIII Section 1X)

Leasing & rentals

Leasing allowed; minimum lease term of 1 year; Owner responsible for lessee compliance (Article VIII Section 1A)

Fences

Subject to ACC approval; no front yard fences unless ACC finds attractive; metal or chain-link not permitted; wood or wood-look pickets required (Article VIII Section 1K)

Architectural approval

Yes, for any construction, alteration, change in outward appearance (including repainting different color), signs, outside lighting, fence, hedge, wall, walk, structure, etc. (Article VII Section 2C)

Home business

Permitted if self-employed, no employees, no advertising or offering to public, no excessive noise or traffic (Article VIII Section 1Y)

Signs & flags

One sign up to 5 sq ft for sale/rent; builder signs; Declarant sign; signs for enforcement on Lot 43; otherwise no signs visible from public view (Article VIII Section 1M)

Setbacks / home size

Original covenant specified sizes by lot; reconstruction not to change overall size without ACC approval; no more than 800 sq ft interior may remain unfinished; reconstruction must be finished within 1 year, except initial 90 days for permi (Article VIII Section 1B)

Maintenance

Association responsible for maintenance of Parks, Open Space, Common Property, Recreation Areas, and any real property for which it accepts an easement; Owner responsible for Lot, driveway, landscaping, etc. (Article IV Section 1A-B, Article VIII Se)

Use restrictions

Single-family residential and related recreational facilities only; no conditional uses; minimum lease term 1 year (Article VIII Section 1A)

Voting & meetings

One vote per Lot; cumulative voting prohibited; joint owners must designate one representative (Article III Section 2)

Amendments

May be amended by instrument signed by not less than 85% of Lot owners; amendment must be properly recorded (Article IX)

Amenities

Common Property includes Parks, Open Space, Recreational Areas; Lot 43 used for non-intensive recreational park purposes (informal play/picnic, limited landing for small manually transportable boats, walkway access; no motorized vehicles; n (Article I Q, Article VIII Section 1D)

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