Faulkner Crossing Ph VI

Key facts from Faulkner Crossing Ph VI's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

42 (Lots 305 through 346) (Preamble: 'Lots 305 through 346 within P)

Developer / declarant

Rausch Coleman Arkansas Developers, LLC and Rausch Coleman Mid-Ark, LLC

Assessments & dues

$120.00 per year (regular dues); first assessment prorated at closing. (Article IV, Section 3(B))

Special assessments

Board may levy special assessments for capital improvements or unexpected repairs, applicable to that year only, uniform rate per lot. (Article IV, Section 4 and Section 5)

Collections & liens

Unpaid assessment becomes a self-executing lien on the lot, binding on heirs and assigns. Lien subordinate to first mortgages. Association may collect through legal proceedings. (Article IV, Sections 1, 6, 7)

Reserves & fees

Board may establish reserve funds, maintained separately from operating funds. (Article V, Section 4)

Pets

Yes, dogs, cats, or other common household pets allowed, provided not for commercial purposes and not obnoxious or offensive. (Article X, Section 2)

Parking & vehicles

Prohibited overnight; no vehicle parked on street for more than 2 consecutive days. (Article XI, Section 1)

Architectural approval

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

Home business

Prohibited if customers or suppliers travel to/from residence in Subdivision. (Article IX)

Signs & flags

Generally prohibited unless approved. One 6 sq ft 'for sale' sign per lot permitted; during construction builders may display marketing signs. Rental/lease signs allowed up to 4 sq ft displayed from inside window, not on lawn. Must comply w (Article XIII)

Setbacks / home size

Buildings must not be located closer to street than minimum building or setback lines shown on recorded plat. (Article VIII, Section 3(b))

Maintenance

Association responsible for care, preservation, maintenance of Common Properties; owners responsible for lot maintenance and compliance with covenants. (Article V, Section 1(A)(1); Article XI, )

Use restrictions

Yes; only single-family residential dwellings permitted. No business, trade, or profession allowed. (Article VI, Section 1)

Voting & meetings

One vote per lot (owner gets one vote regardless of number of owners); Developer has four (4) votes per lot as long as Developer has ownership in Subdivision. Association has one class of membership. (Article II, Section 2)

Amendments

May be amended by Developer while owning at least one lot, or by owners of 60% of Lots. Instrument recorded to be effective. In conflict, Developer's amendment prevails during Developer's ownership of at least one lot. (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.