Shaffer Farms Subdivison

Key facts from Shaffer Farms Subdivison's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

22 (Lots 1 through 22 inclusive) (Art. I, Sec. 1)

Developer / declarant

WGM, LLC

Assessments & dues

Maximum annual assessment set at $30.00 per month per lot ($360 per year per lot) until December 31, 2006. (Art. IV, Sec. 3A)

Special assessments

Association may levy special assessment for capital improvements with assent of members per Association rules. (Art. IV, Sec. 4)

Collections & liens

Annual and special assessments, with interest, costs and attorneys' fees, are a continuing lien on the lot, enforceable by foreclosure in the manner of mortgages in Kentucky. Personal obligation also exists for delinquent assessments. (Art. IV, Sec. 1, Sec. 7)

Reserves & fees

Any assessment not paid by due date subject to a late charge as determined by the Association's governing body. (Art. IV, Sec. 7)

Pets

Household pets (dogs, cats, or other domestic pets traditionally recognized in this geographic area) may be kept, but not for commercial or breeding purposes. (Art. V, Sec. 4A)

Parking & vehicles

No trailer, boat, truck, or other vehicle except an operational automobile may be parked on any street. No operational automobile shall be parked on any street for more than 24 hours in any calendar year. No on-street parking on any cul-de- (Art. V, Sec. 3B)

Fences

Fence must be French Gothic style, constructed of Western Red Cedar, retained in its natural finish, height 4 feet, boards spaced not more than 2 inches. Wire and chain link fences not permitted. Only rear yard fenced, material may not exte (Art. V, Sec. 5C)

Architectural approval

No structure may be erected, placed or altered on any lot until construction plans, building specifications, location, grade, exterior material sample, driveway details, and landscape plan are approved in writing by Developer (or subsequent (Art. VI, Sec. 1)

Home business

No trade or business of any kind (including practice of medicine, dentistry, etc.) shall be conducted on any lot. (Art. V, Sec. 7)

Signs & flags

No sign for advertising or other purpose except one sign for sale or rent not greater than 9 square feet. Developer may erect larger signs when advertising Property, place lot number signs, and purchaser name signs. Occupant name signs and (Art. V, Sec. 8)

Setbacks / home size

No structure shall be located nearer to front lot line or side street line than the minimum building setback lines shown on the recorded plat, except if permitted under applicable law. (Art. VI, Sec. 4)

Use restrictions

No lot shall be used except for private single family residential purposes. (Art. V, Sec. 1)

Voting & meetings

Two classes: Class A (lot owners except Developer) and Class B (Developer). Each member has one vote per lot owned. Class A members not entitled to vote until earlier of (1) Developer's sole discretion, (2) 120 days after 100% of lots sold, (Art. II, Sec. 2)

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