904 Old Dow Road Townhomes

Key facts from 904 Old Dow Road Townhomes's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (WITNESSETH; Article I Section 13)

Legal name

904 Old Dow Road Townhomes Owners Association, Inc. (Article I Section 2)

Developer / declarant

MIKEL F. LONG CONSTRUCTION CO., INC.

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (WITNESSETH)

Special assessments

Requires assent of two-thirds (2/3) of Members of each class voting in person or by proxy at a meeting called for that purpose (with 10-60 days notice). Also permitted without vote to reimburse Declarant for Common Element operation/mainten (Article VI Section 4)

Reserves & fees

Association may establish and collect late fees for delinquent installments. (Article VI Section 10)

Insurance

Deductibles payable by Association shall be a common expense. (Article V Section 1(c))

Voting & meetings

Two classes: Class A – each Owner (except Declarant) one vote per Townhome Lot; Class B – Declarant, three votes per lot shown on plat until December 31, 2031 or voluntary surrender. Fractional voting prohibited. (Article IV Section 3)

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