Mainstreet Covenants

Key facts from Mainstreet Covenants's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

Lots as shown on plats: Phase I (Plat Slide 493, folios 1-5) and Mainstreet II lots 159–251 (Plat Slide 498, folio 10) – at least 93 lots plus Phase I (Exhibit A, page 21)

Assessments & dues

$250.00 per Lot until December 31, 2002. (Article IV, Section 4(a), page 6)

Special assessments

For capital improvements; requires majority vote of Voting Members. (Article IV, Section 5, page 7)

Collections & liens

Assessment lien on Lot; foreclosure like deed to secure debt; attorney's fees 15%; can accelerate all assessments upon foreclosure. (Article IV, Section 9, page 8)

Reserves & fees

Not more than $25.00 for certificate of assessments. (Article IV, Section 8(c), page 8)

Pets

Yes, up to 5 household pets including no more than 2 dogs. (Article VI, Section 8, page 12)

Parking & vehicles

No parking in streets, right-of-ways or Common Areas. (Article VI, Section 12(c), page 13)

Architectural approval

Design Review Committee (DRC) approval required for any structure, alteration, tree clearing, grade change, etc. (Article V, Section 2, page 9)

Home business

No home occupation, industry, business, trade or profession unless approved in writing by Board of Directors. (Article VI, Section 6, page 12)

Signs & flags

Only contractor sign during construction (max 5 sq ft) or 'For Sale' sign (max 5 sq ft, wooden post) approved by DRC; no other signs; Declarant exempt. (Article VI, Section 15(a)-(c), page 13-1)

Use restrictions

Lots shall only be used for private residential purposes of a single family. (Article VI, Section 2, page 11)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – votes equal to total Class A plus one, until termination upon earlier of 75% Lots conveyed to occupants or 5 years from recording date. (Article III, Section 2(a)-(b), pages 4-5)

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