Liberty Creek North

Key facts from Liberty Creek North's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential subdivision with club/association (Article II: 'Liberty Creek North is plan)

Units / lots

Maximum 945 residential units (585 single-family homes, remainder not specified in first Declaration; second Declaration mentions 360 condo/multi-family in Section 8) (Article II (first Declaration): 'The max)

Developer / declarant

American Community Development Corporation (a Delaware corporation) (First Declaration: 'AMERICAN COMMUNITY D)

Assessments & dues

First Declaration: $60.00 per lot (maximum until Jan 1 after first lot conveyance); second Declaration: $120.00 per lot. (Article V Section 3 (first Declaration);)

Special assessments

Allowed for capital improvements with assent of 2/3 of each class. (Article V Section 4 (both Declarations))

Collections & liens

Assessments are a continuing lien on the property. Club/Association may foreclose lien or bring personal action against owner. Sale or transfer under mortgage foreclosure extinguishes prior lien but not future assessments. (Article V Sections 1, 8, 9 (both Declara)

Reserves & fees

Interest at 10% per annum from due date; no explicit late fee mentioned. (Article V Section 8 (first Declaration);)

Pets

Not explicitly; assumed allowed unless restricted by rules. (N/A)

Leasing & rentals

Not explicitly prohibited; owner may delegate use to tenants (Article III Section 2). (Article III Section 2 (both Declarations)

Architectural approval

Architectural Committee (appointed by Board) must approve any alteration, addition, or deletion to any structure or amenity in the common area. (Applies to common area, not individual lots? Language says 'any alteration, addition, or deleti (Article VI (first Declaration): 'The Boa)

Maintenance

Association responsible for Common Area maintenance; owner responsible for Lot and Unit (implied). (Article V Section 2 (assessments for Com)

Use restrictions

Implicit; development consists of residential units. No explicit restriction stated. (Article II: 'consist of residential deve)

Voting & meetings

Two classes: Class A (owners, 1 vote per lot); Class B (Declarant, 3 votes per lot). Class B ceases when Class A votes equal Class B or Dec 31, 1997 (first Declaration) or Dec 31, 1992 (second Declaration). (Article IV Section 2 (both Declarations))

Amendments

During first 20 years: amendment requires instrument signed by at least 90% of Lot owners. After 20 years: 75%. Must be recorded. FHA/VA approval required while Class B membership exists. By-Laws may be amended by majority of quorum of memb (Article VIII Section 3 (first Declaratio)

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