Overlook at Floyds Fork

Key facts from Overlook at Floyds Fork's documents

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

Community type

Covenant / Planned Community

Developer / declarant

THE OVERLOOK AT FLOYDS FORK, LLC, a Kentucky limited liability company, 12105 Saratoga Estates Road, Louisville, Kentucky 40299 (Preamble)

Assessments & dues

Not fixed; determined by Board based on budget. (Section 4.6)

Special assessments

Additional assessment for capital improvements on Common Area, payable lump sum or installments with interest as set by Board. (Section 4.7)

Collections & liens

Assessments constitute a continuing lien on the Lot and improvements. HOA may foreclose. Lien subordinate to first mortgage. Personal obligation of owner at time assessment fell due; does not pass to successors unless assumed. (Section 4.4, 4.10, 4.11)

Reserves & fees

Board may establish a reserve account from assessments. (Section 4.6)

Pets

Dogs, cats, and other traditional household pets may be kept, not for commercial purposes. (Section 2.5)

Leasing & rentals

Implicitly allowed; owner may delegate use of common area to tenants residing on the lot. (Section 4.2)

Parking & vehicles

No trailer, boat, truck, recreational vehicle, or other non-automobile vehicle parked on street for more than 24 hours aggregate per calendar year. No automobile habitually or continuously parked on street. (Section 2.3(c), (d))

Home business

No trade or business of any kind (including medical practices) conducted on any Lot. Exception: builder may use new house as model home or office for up to 24 months after completion; Developer may maintain sales office until all lots sold. (Section 2.8)

Signs & flags

No advertising signs on lots except one sign for sale or rent not exceeding 9 square feet. Developer may erect larger signs for advertising, place lot number signs, and sold signs. Occupant name signs and lot numbers allowed per zoning. (Section 2.9)

Setbacks / home size

No structure nearer to front or street side lot line than minimum building setback lines shown on recorded plat. Steps may project; open porches may project up to 6 feet. Developer may vary if not conflicting with zoning. (Section 3.2)

Use restrictions

Lots used only for private single-family residential purposes. (Section 2.1)

Voting & meetings

Class A: Lot owners (except Developer) one vote per Lot owned. If multiple owners, must vote together; no split votes. Class B: Developer one vote per Lot in any Phase, including sold lots. Class B ceases on earliest of Dec 31, 2005; 100% l (Section 4.13)

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