Grace Meadows Homeowners Assn

Key facts from Grace Meadows Homeowners Assn's documents

Community type

Covenant / Planned Community

Legal name

Grace Meadows Homeowners’ Association, Inc.

Developer / declarant

Indian River County Habitat for Humanity, Inc.

Assessments & dues

Board prepares annual budget and sets General Assessment; assessments are divided equally among all lots (each lot's share is 1/70th) (Article IX, Section 2; Article X, Sectio)

Special assessments

For capital improvements and emergencies; capital improvements exceeding 25% of annual budget require majority vote of Members; emergency special assessment requires 2/3 vote of Board (Article IX, Section 7; Article VIII, Sec)

Collections & liens

Assessment charge is a continuing lien on the lot; may be foreclosed like a mortgage; lien inferior to first mortgage (Article X, Sections 7(b)-(d))

Reserves & fees

Association shall accumulate reserves for working capital, contingencies, and replacements; reserves must be kept separate (Article IX, Sections 3 and 8)

Pets

Yes, dogs, cats, other usual household pets (Article IV, Section 3)

Leasing & rentals

Yes, but lease of more than 12 months triggers right of first refusal provisions (Article II, Section 2(g))

Parking & vehicles

Vehicles must be operable with current license tag; no repair work over 2 hours; no boat, RV, or commercial vehicle over 3/4 ton unless screened; parking parallel to road if no driveway; no vertical parking in cul-de-sac (Article IV, Section 15)

Fences

Fences permitted only in side and rear yards; not forward of front plane of home; minimum 20 ft from front lot line; minimum 4 ft height; materials: chain link, privacy/opaque, picket; 6 ft fence only privacy/opaque; no 6 ft chain link; ARC (Article IV, Section 22)

Architectural approval

Yes, for any additional improvements, fences, walls, or exterior changes after initial construction (Article III, Section 2)

Signs & flags

Only 'For Sale' signs approved by Declarant; no other signs permitted (Article IV, Section 17)

Use restrictions

Property used only for residential purposes; each lot for one-story single family dwelling only (Article IV, introductory paragraph and S)

Voting & meetings

Two classes: Class A (one vote per lot) and Class B (Declarant, 3 votes per lot owned). Class B converts to Class A upon 90% lot conveyance or Declarant election. (Article VII, Sections 2-3)

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