Floyd Co. Recorder HOA

Key facts from Floyd Co. Recorder HOA's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

31 lots in Section 1 (per Sewer Board approval); 94 lots planned overall (Exhibit B (Page 27, condition 1 and refe)

Developer / declarant

Discovery Developers, Inc. (Recitals / opening statement)

Assessments & dues

Initial $200.00 per lot per year (Section 6.3(b))

Special assessments

Allowed; requires majority vote of members present at quorate meeting; 15 days written notice required (Section 6.4)

Collections & liens

Assessment Lien reserved; subordinate to first mortgages; can file notice of delinquency; can sue to collect and recover attorneys' fees (Section 6.5)

Reserves & fees

$25.00 per month; additional $25.00 returned check fee (Section 6.5(e))

Pets

Yes, only household pets (cats and dogs); no more than 4 per Residence (Section 2.2(d))

Parking & vehicles

Limited to temporary guest/delivery up to 12 hours (Section 2.2(b))

Fences

Fences permitted only in rear or side yard; not in front yard; not closer to street than rear corner of residence; consistent type/style/height/color; prior written approval required; privacy fences prohibited (Section 3.3(g))

Architectural approval

Yes, Declarant (or Association once formed) must approve in writing all construction of Residences or Structures before commencement (Section 3.1)

Home business

Reasonable in-home work allowed (e.g., computer work) if no employee or client vehicle parking/deliveries beyond normal (Section 2.2(c))

Signs & flags

Not specifically addressed; sign size restrictions would apply if a flag is considered a sign? Not explicit.

Setbacks / home size

Front yard: 20 ft; Rear yard: 20 ft; Side yard: 5 ft (per plat approved Dec 18, 2019) (Section 3.3(a))

Maintenance

Owner maintains Lot, Residence, and Structures. Association maintains Common Areas (Section 7.3). Declarant has no maintenance obligation for Common Areas. (Section 4.1, Section 7.3)

Use restrictions

Lots limited to single-family private residential purposes; home office allowed if no customers/traffic (Section 2.1(a))

Voting & meetings

Class A (owners other than Declarant): 1 vote per lot. Class B (Declarant): 100 votes per lot owned. Class B converts to Class A upon earlier of: (i) total Class A votes equal Class B, (ii) Dec 31, 2030, or (iii) Declarant records terminati (Section 5.2)

Amendments

By vote of 70% of Owners, but must be joined by Declarant while Declarant owns a Lot; also Declarant may unilaterally amend for specific purposes (correct errors, enhance value, comply with law, protect interest) as long as Declarant owns a (Section 9.4, Section 8.4)

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