Hickory Grove Sub

Key facts from Hickory Grove Sub's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision ("Hickory Grove Subdivision" (page 1, pre)

Developer / declarant

Ev-Mark Development, LLC

Governing law

Arkansas Nonprofit Corporation Act ("created a corporation under the Arkansa)

Assessments & dues

$200 per Lot per year (maximum until first improved Lot conveyed) (Article VI, Section 4 (page 9) "maximum )

Special assessments

Capital Improvement Assessment and Reconstruction Assessment. Any aggregate Assessment in excess of $5,000 requires vote or written assent of a majority of Members subject to the Assessment (excluding Declarant if needed to approve, but cou (Article VI, Section 5 (page 10-11))

Reserves & fees

$5.00 or 5% of the amount of the delinquent installment, whichever is greater. (Article VII, Section 1 (page 11))

Voting & meetings

Two classes: Class A – one vote per Lot; Class B – Declarant, three votes per Lot owned until conversion (Article IV, Section 1 (page 7-8))

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