Waterford Cove

Key facts from Waterford Cove's documents

Community type

Subdivision (Entire document context)

Developer / declarant

Waterford, L.L.C.

Assessments & dues

Maximum $300 per lot until January 1, 2002 (Section 4.03 (doc 66271))

Special assessments

Levyable for capital improvements with assent of 2/3 of each class of members voting in person or by proxy at a meeting (Section 4.04 (doc 66271))

Collections & liens

Assessments are a continuing lien on the property; Association may foreclose; lien subordinate to first mortgage; extinguished by foreclosure sale for prior assessments (Sections 4.01, 4.08, 4.09 (doc 66271))

Reserves & fees

Interest at 18% per annum after 30 days from due date (Section 4.08 (doc 66271))

Pets

Commonly accepted household pets only; no kennels; pets must be controlled when off lot (Section 12 (doc 66270); Section 2.12 (do)

Parking & vehicles

Not allowed except visitors staying less than four hours (Section 15 (doc 66270); Section 2.15 (do)

Architectural approval

Plans and specifications must be submitted and approved in writing by Developer or Architectural Committee before any construction or exterior alteration (Section 11 (doc 66270); Article V (doc 6)

Setbacks / home size

Minimum front line setbacks as shown on recorded map or designated by developer; variance allowed by city and developer; other setbacks per record map or developer (Section 4 (doc 66270); Section 2.05 (doc)

Maintenance

Owner responsible for maintenance of lot and improvements; Association may maintain entrance and rights-of-way; Association may enter and maintain if owner fails (after 2/3 Board vote) and charge cost as assessment (Section 8 (doc 66270); Article VIII (doc)

Use restrictions

Single family residence purposes only, no business or trade (Section 2 (doc 66270); Section 2.03 (doc)

Voting & meetings

Class A (owners, 1 vote per lot) and Class B (Declarant/owner of vacant lot within 4 months, 3 votes per lot) (Article III, Section 3.02 (doc 66271))

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