[R.O. 2013 § 409.010; Ord. No. 04-43 § 1, 8-9-2004]
As used in this Chapter, the following terms shall have the following meanings, unless the context clearly indicates that a different meaning is intended:
ACCEPTED BY THE CITY OR APPROVED BY THE CITY
Having received final approval in the manner provided by the subdivision ordinances.
CITY
The City of Fredericktown.
CONDOMINIUM
A type of ownership in which a building is divided into separate units which may be owned and sold by separate owners. There may be common areas owned by all owners or areas over which all owners have an easement.
CONDOMINIUM CONVERSION
Dividing an existing building into condominiums that may be owned and sold separately.
CONDOMINIUM PROJECT
A building or buildings having a type of land ownership whereby individual units, such as apartments or office suites, may be sold and owned separately, while common areas and some outdoor areas may be owned in common.
[R.O. 2013 § 409.020; Ord. No. 04-43 § 1, 8-9-2004]
In addition to all other requirements relating to new condominium subdivisions and all of the requirements relating to planned developments, the requirements of this Chapter shall apply to each condominium subdivision. No condominium subdivision shall be approved, recorded or developed in any way without compliance with the terms of this Chapter. This Chapter will apply to any subdivision or part of a subdivision intended to be developed by the construction of multiple-family buildings or a multiple-family building and the sale of the building by selling individual condominium units rather than by selling the building to a person, firm, corporation or association which will act as landlord and rent the dwelling units to individual tenants. Additionally, all condominiums and the developer thereof shall be subject to and conform to the provisions of Chapter 445, RSMo.
[R.O. 2013 § 409.030; Ord. No. 04-43 § 1, 8-9-2004]
Each applicant for approval of a condominium subdivision shall pay a review fee to help defray the cost to the City of reviewing the plans and making a determination as to whether or not the proposed condominium subdivision complies with all applicable ordinances. This review fee will not be refundable, whether or not the condominium subdivision is approved.
[R.O. 2013 § 409.040; Ord. No. 04-43 § 1, 8-9-2004]
A. 
Each application for approval of condominium subdivision shall contain, in addition to the information required by the City ordinances relating to planned development and new subdivisions, the following additional information:
1. 
Plans and specifications for blueprints indicating where each condominium unit is to be and indicating what public areas are to be owned by the association of condominium owners;
2. 
Proposed articles of incorporation and bylaws for the association of condominium owners which will manage the common areas;
3. 
A detailed description of proposed financing to be available to purchasers of the condominium units, if any;
4. 
Information indicating financial responsibility and financial ability of the builders or developers to complete the project as proposed;
5. 
A copy of all proposed covenants relating to the real estate;
6. 
An agreement by the builder or developer specifying the improvements to be completed by the builder or developer, including recreational facilities, bicycle trails and other common areas;
7. 
If the construction is to be financed in whole or in part by escrow funds put up by purchasers or if escrow funds of any kind are required from purchasers, then the following information will be provided:
a. 
A description of the escrow arrangements,
b. 
A copy of all escrow documents,
c. 
Provisions for the return of funds to purchasers if the matter is not completed by the date specified,
d. 
The name and address of the institution to hold the escrow.
8. 
Title information insuring all lines, easements and interests of record including all ownership concerning the real estate. All mortgages and mechanic liens and other financial liens of any kind shall be listed;
9. 
In connection with the common areas and recreational areas, proposed management agreement and proposed rules will be furnished;
10. 
The forms to be used for agreements, promissory notes, deeds and other documents of title and documents related to the sale of the condominium units will be furnished;
11. 
The applicant will furnish a bond with a corporate surety licensed to do business in the State, guaranteeing that all common areas and facilities and all common recreational facilities will be completed.
[R.O. 2013 § 409.050; Ord. No. 04-43 § 1, 8-9-2004]
There shall be provisions for an association of the owners of the condominium units. This association shall conform to the requirements provided in Article II relating to associations for owners of land in subdivisions having common areas, common recreational facilities or other common facilities. The subdivider or builder of each condominium subdivision shall provide the services, bond and other matter required by ordinance to be furnished to the association.
[R.O. 2013 § 409.060; Ord. No. 04-43 § 1, 8-9-2004]
This Chapter applies to buildings proposed to be built or to be occupied by owners of condominium units. The restrictions found in Article IV relating to conversion of existing units from rental units to owner-occupied condominium units shall not apply to any building newly constructed under the terms of this Chapter.
[R.O. 2013 § 409.070; Ord. No. 04-43 § 1, 8-9-2004]
Any person, firm or corporation violating any provision of this Chapter shall be fined not less than five dollars ($5.00) nor more than five hundred dollars ($500.00) for each offense and a separate offense shall be deemed committed on each day during or on which a violation occurs or continues.