Marbuy Properties

Key facts from Marbuy Properties's documents

Community type

Master-planned mixed-use community with residential, commercial, office, retail, and light industrial uses as of 2022 (Recitals: 'for office, retail and reside)

Developer / declarant

Marbury Properties, LLC; CCN Asset Management Company, LLC; Signature 150, LLC as of 2023 (Recitals, Page 6)

Age restriction

Age-Restricted Units for persons 55+ (Sections 1.03-1.05) as of 2023 (Section 1.05, Page 7)

Assessments & dues

Determined by Board annually based on budget; each Lot pays proportionally based on Base Square Footage as of 2023 (Exhibit C, Section 2, Page 70-71)

Special assessments

Authorized by Board (Section 8.04) as of 2023 (Section 8.04, Page 39)

Collections & liens

Master Association has lien for unpaid assessments; can foreclose as of 2023 (Section 8.07, Page 40)

Reserves & fees

Common Expenses include funds for reserves as of 2023 (Section 1.15, Page 9)

Fences

Fences regulated (Section 6.11) as of 2023 (Section 6.11, Page 31)

Architectural approval

Yes, approval required for exterior Improvements (Article V) as of 2023 (Article V, Page 19-25)

Setbacks / home size

Setback requirements established (Section 6.04) as of 2023 (Section 6.04, Page 29)

Amendments

Before Master Turnover Date: Marbury/CCN and Developer may amend unilaterally; after: requires vote of Members (Section 10.02-10.03) as of 2023 (Article X, Pages 46-47)

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