Residential Village Association

Key facts from Residential Village Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Association is Norton Commons Residential Village Association, Inc.) (Section 1.4)

Governing law

Kentucky law (implied) (Section 6.1: "by Kentucky law")

Assessments & dues

Not fixed; set annually by Board based on budget (Section 8.4(b))

Special assessments

Allowed for capital improvements approved by Members or by Board (emergency) with 2/3 Board vote; may be levied for up to five years (Section 10.4)

Collections & liens

Assessment Charge is a continuing lien on the Parcel; may be foreclosed like a mortgage; Association may bid at foreclosure (Section 10.8(b), (c))

Reserves & fees

Board may build and maintain reserves for working capital, contingencies, replacement; included in budget and collected as part of annual Assessment (Section 8.3)

Pets

Yes, if they do not cause unsafe condition or unreasonable disturbance (Section 11.5)

Leasing & rentals

Yes, subject to applicable law and Association rules (Section 11.4)

Parking & vehicles

Association may make rules and regulations concerning driving and parking on Common Roads; may construct traffic calming devices, post signs, tow offenders (Section 4.5)

Fences

Subject to Norton Commons Design Code; yard easements may allow fences (Section 3.2(e)) (Section 3.2(e); Design Code reference)

Architectural approval

All construction or modification, tree removal, landscaping, or material alteration of topography must be approved in advance by the Norton Commons Design Review Board (Section 5.1)

Home business

Permitted if no significant noise, odor, or traffic; signage regulated by Design Code (Section 11.1(b))

Signs & flags

United States and Kentucky flags max 3'x5', displayed on a standard affixed to building side, projecting at 45° angle (Section 11.3(e))

Setbacks / home size

Yard easements allow use of up to 4 feet along lot line to comply with governmental setback requirements; Design Code governs (Section 3.2(e))

Maintenance

Association maintains Commons (Open Space); Owner maintains Parcel in good order and repair (Sections 4.2, 11.3(a))

Use restrictions

Permitted uses determined by Norton Commons Design Code and plat; may include residential, civic, retail, office, restaurant, etc. (Section 11.1(a))

Voting & meetings

Each Member has proportional vote based on allocation of interests for assessment purposes (Exhibit D) (Section 6.5)

Amendments

Amendment of Declaration requires action by Members; specific procedure not detailed in excerpt but referenced in Section 7.1(a) list (Section 7.1(a))

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