Drakes Point

Key facts from Drakes Point's documents

Community type

Covenant / Planned Community

Legal name

Drake's Point Homeowners Association, Inc.

Developer / declarant

Lake Harris Venture, LLC (Grantor, Lake Harris Venture, LLC)

Assessments & dues

Annual assessments fixed by Board of Directors at least 30 days in advance, payable monthly or quarterly as determined by Board. (Article II Section 5)

Collections & liens

Association may foreclose lien for unpaid assessments, recover attorney's fees and costs. (Article II Section 6)

Reserves & fees

Interest at 15% per annum from due date (Article II Section 6)

Pets

Pets of customary household variety (cats, dogs, pet birds, fish) allowed if not a disturbance. No commercial keeping. (Article III Section 18)

Architectural approval

Committee must approve or disapprove within 30 days after submission, otherwise approval not required. (Article III Section 1)

Signs & flags

One professionally prepared identification sign not more than 144 sq inches, or two signs not more than 5 sq ft advertising property for sale or rent. Political signs allowed up to 8 sq ft, displayed max 45 days total, must be removed day a (Article III Section 10)

Setbacks / home size

Minimum 25 feet from each side line, 75 feet from Lake Harris (except existing residence on Lot A), 150 feet from northerly right of way line of access easement. (Article III Section 2)

Use restrictions

The portion of any Lot lying north of the access easement may only be used for residential purposes. (Article III Section 1 (first sentence))

Voting & meetings

Each Owner in the subdivision shall be entitled to one vote for each Lot owned. When more than one person holds an interest, vote exercised as they determine, but no more than one vote per Lot. (Article II Section 2)

Amendments

Amended at duly called meeting of Association with quorum, by majority vote of Members. Effective upon recordation. (Article VI 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.