Cherry Tree Meadows

Key facts from Cherry Tree Meadows's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

43 (Phase I); maximum 266 in entire development (Paragraph 3 and Paragraph 21)

Assessments & dues

Guaranteed $278 per year until December 31, 2002; thereafter CPI or 10% increase whichever greater (Paragraph 16(e))

Special assessments

Allowed by Board resolution without Owner approval (unless otherwise provided) (Paragraph 16(d))

Collections & liens

Unpaid assessments become a lien on the Lot; may be foreclosed as a mortgage or sued for money judgment; Board may accelerate entire balance (Paragraph 16(c) and (f))

Reserves & fees

10% of Regular Assessments deposited until fund reaches $25,000; after Applicable Date continuously 10% (Paragraph 16(e) and (b))

Pets

Yes, pet dogs, cats or customary household pets may be kept in a Dwelling Unit, provided not kept, bred or maintained for commercial purpose and does not create a nuisance. (Paragraph 20(g))

Leasing & rentals

Yes, but whole Dwelling Unit must be leased, lease must incorporate Declaration, and lessee default under Declaration constitutes lease default. (Paragraph 20(p))

Parking & vehicles

Trucks (larger than 3/4 ton) are not permitted unless stored completely enclosed within a garage. (Paragraph 20(l))

Fences

Fences only in rear yard; must be approved. Types: (A) 4' black or white vinyl; (B) 6' wood shadowbox or dog-eared; (C) cedar gothic top spaced picket (specs). No stockade. On lake lots: wrought iron or similar, 4' or less. Must be on prope (Paragraph 20(v))

Architectural approval

ARC shall notify Owner within 15 days of receipt if additional items needed; ARC has 30 days from receipt of all required info to approve/disapprove; failure to respond in 30 days = deemed approval. Appeal to Board of Directors. (Paragraph 15(d))

Setbacks / home size

Building lines designated on Plat; no building or structure permitted within no-build area (except utilities). (Paragraph 20(q))

Maintenance

Not explicitly allocated; Owner maintains structural improvements, likely includes roof.

Insurance

Corporation shall purchase master casualty insurance covering Common Area at full replacement value; also public liability insurance and other required insurance. (Paragraph 18(a) and (b))

Use restrictions

All Lots and Dwelling Units shall be used exclusively for residential purposes and for occupancy by a single family. (Paragraph 20(a))

Voting & meetings

Class A: 1 vote per lot for each Owner; Class B: 4 votes per lot for Declarant until Applicable Date. Multiple owners of one lot have single vote. (Paragraph 9(b))

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