Faulkner Crossing Ph III

Key facts from Faulkner Crossing Ph III's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision governed by a property owners association (Article VI, Section 1 ('All lots within )

Units / lots

49 residential lots (Lots 133 through 141 and Lots 152 through 191) plus common property lots CP1 and CP2 ([[PAGE 1]] 'Lots 133 through 141 and Lot)

Developer / declarant

Rausch Coleman Arkansas Developers, LLC and Rausch Coleman Mid-Ark, LLC (Preamble ('both whom are hereinafter ref)

Assessments & dues

$120.00 per year per lot (Article IV, Section 3(B) ('Regular dues )

Special assessments

Special group assessments allowed for construction, reconstruction, unexpected repair or replacement of capital improvements; special individual assessments for willful or negligent acts by owner/family/guests/invitees (Article IV, Sections 1(B), 4 and 5)

Collections & liens

Assessments constitute self-executing continuing lien on lot and personal obligation of owner; lien unaffected by sale; Board may reject partial payments; subordinate to bona fide first mortgage (Article IV, Sections 6(A), 7)

Reserves & fees

Board may establish reserve funds maintained and accounted for separately from annual operating funds (Article V, Section 4)

Pets

Dogs, cats, or other common household pets allowed if not kept/bred/maintained for commercial purposes and not obnoxious or offensive (Article X, Section 2)

Parking & vehicles

Vehicles in front of front building line must be parked on driveway; no overnight street parking; no vehicle parked on street more than two consecutive days (Article XI, Section 1)

Fences

All fences 6' wood privacy; no fence between front building line and front lot line; corner lot fences not beyond side setback toward street except community entry; framing toward inside of owner's lot; finished side faces street; chain lin (Article VIII, Section 8)

Architectural approval

Two sets of all building and site improvement plans and specifications must be submitted to Committee for approval prior to commencement of construction (Article VIII, Section 1)

Home business

Home occupations in which customers or suppliers travel to or from a residence are prohibited (Article IX)

Signs & flags

One for-sale sign not exceeding 6 square feet permitted; rental/leasing signs not exceeding 4 square feet displayed through inside window only; no rental signs on lawn; builder marketing signs during construction/marketing; all signs must c (Article XIII)

Setbacks / home size

850 square feet of heated and cooled finished space excluding garages and unheated porches (Article VIII, Section 2)

Maintenance

Owners responsible for protection of underground facilities on lot and prevention of grade alteration or construction interfering with utility lines; Association responsible for Common Properties maintenance, taxes, insurance, utilities (Article VII, Section 1; Article V, Secti)

Use restrictions

All lots are residential lots; only one single-family dwelling per lot; no business purposes or commerce/industry/trade/profession (Article VI, Section 1)

Voting & meetings

One vote per lot; Developer has four votes per lot as long as it has ownership in the Subdivision (Article II, Section 2)

Amendments

Covenants may be changed or amended by Developer while it owns at least one lot, or by written instrument signed by 60% of lot owners; at December 31, 2040, auto-extend 10 years unless at least two-thirds of then owners vote to change, amen (Preamble; Article XIV, 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.