Twin Lakes at Floyds Fork

Key facts from Twin Lakes at Floyds Fork's documents

Community type

Covenant / Planned Community

Units / lots

33 residential lots initially (Lots 1-33); plus open space lots 138A and 142A; additional lots may be added via Supplemental Declaration (Exhibit A and Section 1.02)

Developer / declarant

Stapleton Development, LLC (First paragraph of Declaration)

Assessments & dues

Initially $450 per year effective January 1, 2020 for all subdivision lots; Garden Series lots also have additional supplemental monthly assessment of $160.00 per month (Section 8.03)

Special assessments

Permitted for capital improvements on common areas or lots with Association maintenance responsibility; requires assent of members per Bylaws (Section 8.04)

Collections & liens

Unpaid assessments become a lien on the lot, enforceable by foreclosure; lien subordinate to first and second mortgages. Declarant may also have lien for maintenance and corrective actions. (Section 8.01, 8.08, 3.09(h), 4.01)

Reserves & fees

Minimum cash balance of $3,000 in Association fund upon turnover to Association (Section 7.04)

Pets

Dogs, cats or other household pets traditionally recognized in Jefferson County, Kentucky, are allowed; not for commercial or breeding purposes (Section 2.04)

Parking & vehicles

Prohibited between 4:00 a.m. and 6:00 a.m. on any street or right-of-way of the Subdivision; also prohibited in front of a mailbox at any time (Section 2.03(c))

Home business

Permitted only as "home occupations" strictly construed under Louisville Metro Land Development Code (Section 2.01)

Signs & flags

One sign for sale of lot, not exceeding area permitted by Louisville Metro Land Development Code; Declarant may erect larger signs for advertising Subdivision; no offensive material; occupant name signs and lot numbers allowed per zoning (Section 2.06)

Use restrictions

No building site shall be used except for private single-family residential purposes, except home occupations and builder's model home/office for up to 15 years (Section 2.01)

Voting & meetings

Two classes: Class A (all lot owners except Declarant) and Class B (Declarant). Each lot has one vote. Class A cannot vote until earlier of (i) Declarant's determination, (ii) 180 days after 100% lots sold, or (iii) January 1, 2044. (Section 7.02(c))

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