Coles Creek Homeowners Association Inc

Key facts from Coles Creek Homeowners Association Inc's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Exclusive residential community of detached single-family homes (WHEREAS clauses, page 1)

Legal name

Coles Creek Homeowners Association, Inc.

Units / lots

38 (Lots 1-38 inclusive) (Exhibit A, page 24)

Developer / declarant

The Drees Company d/b/a The Drees Homes Company, a Kentucky Corporation (Opening paragraph; Article I, Section 6)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article I, Section 1)

Assessments & dues

Maximum Annual Assessment $600.00 per Class A Lot until December 31, 2007 (Article V, Section 3)

Special assessments

Special assessment for capital improvements requires assent of two-thirds of votes of each class of Members voting in person or by proxy at a meeting (Article V, Section 5)

Collections & liens

Unpaid assessments, interest, late charges, and costs of collection (including reasonable attorneys' fees) are a continuing lien upon the Lot and personal obligation of the Owner at time assessment fell due; Association may foreclose lien (Article V, Sections 1, 7)

Reserves & fees

Monthly late charge as established by Board of Directors if assessment not paid within 10 days after due date (Article V, Section 7)

Pets

Not specifically addressed in this Declaration (No provision found)

Leasing & rentals

Owner may lease or sublet dwelling; lease or sublease must be for at least 12 months, in writing, and contain specified provision binding tenant to Declaration (Article III, Section 3)

Fences

No fence shall be commenced, constructed, erected or maintained without approval of Declarant (Article VIII)

Architectural approval

No building, fence, sign, wall or other structure shall be commenced, constructed, erected or maintained, nor exterior addition/change/alteration made, nor major landscaping commenced, until plans and specifications submitted to and approve (Article VIII)

Solar & roof

Plans must show materials, color, and location; Declarant may establish Architectural Guidelines limiting architectural style, exterior color or finish, roofing material, siding material, driveway material, landscape design and construction (Article VIII)

Signs & flags

No sign (including unit identification signs) shall be commenced, constructed, erected or maintained without approval of Declarant (Article VIII)

Maintenance

Association responsible for maintenance of Common Area, including stormwater drainage facilities; Owners responsible for maintaining Common Area easements on their Lots and paying taxes on their Lots including portion attributable to Common (Article I, Section 5; Article IV, Sectio)

Insurance

Association shall procure and maintain full replacement value hazard insurance on real and personal property owned by the Association, and officers', directors' and employees' liability insurance (Article IX, Section 8)

Use restrictions

Property is an exclusive residential community of detached single-family homes (WHEREAS clauses, page 1)

Voting & meetings

Class A Members (owners of all Lots except Class B Lots) have one vote per Lot; Class B Member (Declarant) has three votes per Lot owned during Declarant Control Period, then one vote per Lot after (Article III, Section 2)

Amendments

During first 25 years, amendment requires instrument signed by Owners of not less than 80% of Lots; thereafter, 75% of Lots; during Declarant Control Period, Declarant may amend without consent to conform to governmental law or regulation; (Article IX, Section 3)

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