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Troy Gardens Condominium Documents

• Troy Gardens Disclosure Materials
  • Executive Summary. The executive summary highlights for a buyer of a condominium unit essential information regarding the condominium.
  • Articles of Incorporation. The operation of a condominium is governed by the association, of which each unit owner is a member. Powers, duties, and operation of an association are specified in its articles of incorporation.
  • Annual Operating Budget. The association incurs expenses for the operation of the condominium which are assessed to the unit owners. The operating budget is an estimate of those charges which are in addition to mortgage and certain utility payments.
• Condominium Association Bylaws
  • The bylaws contain rules which govern the condominium and effect the rights and responsibilities of unit owners.
• Declaration of Troy Gardens Condominium
  • The declaration establishes and describes the condominium, the units and the common areas.
  • Condominium Plat Map
• Declaration of Restrictive Covenants
  • Twenty of the condominium units will be subject to use, resale and other restrictions, and certain options to purchase and rights of first refusal, set forth in a Declaration of Restrictive Covenants to be executed by the unit purchaser and declarant or Madison Area CLT Corporation.
• Land Use Restriction Agreement
  • Twenty of the condominium units will be subject to use, resale and other restrictions set forth in a Land Use Restriction Agreement to be executed by the unit purchaser and the city of Madison.
• Ground Lease
  • Units in this condominium are sold subject to one lease of property which is not a part of the condominium.
• Statutory Reserve Account Statement
  • A statutory reserve account has been established for the condominium under Section 703.163 of the Wisconsin Statutes.