Macgregor Park Owners Association

What Macgregor Park Owners Association's governing documents say

MacGregor Park is a single-family homeowners association (HOA) in Cary, NC, governed by these bylaws. The bylaws set up the association's structure—board, officers, meetings—and give the board power to manage common areas, set assessments, and enforce rules. This document is the internal rulebook for the HOA, not the full set of restrictions on homeowners.

• What this document covers: These are the association's bylaws, which define how the HOA is run: board of directors, officers, meetings, and voting. They do not contain the full list of homeowner restrictions (those are in the Declaration).
• Board of directors & elections: The board has 3–5 directors serving 2-year terms. The developer (Declarant) could appoint a majority until all lots were sold or Dec 31, 1992, whichever came first. After that, directors are elected by members at the annual meeting; cumulative voting is prohibited.
• Meetings & voting: Annual member meetings are held each year (typically 9:00 AM, date set by board). Special meetings can be called by the president, board, or members holding 1/4 of votes. A quorum for regular meetings is 1/3 of eligible votes; for assessment changes, it's 60% (or 1/2 of that at a subsequent meeting).
• Assessments & liens: The board sets annual assessments at least 30 days before the period and gives written notice. If an owner doesn't pay within 60 days after due, the HOA can foreclose its lien or sue the owner personally.
• Common areas & maintenance: The HOA owns and maintains common areas, including entry islands, medians, greenway easements, and a sign. The board must maintain these areas and can adopt rules for their use.
• Insurance: The board must carry property insurance on common areas (full replacement cost), public liability insurance of at least $1,000,000 per occurrence, and fidelity coverage for those handling HOA funds.
• Rules & enforcement: The board can adopt and enforce rules about common areas and member conduct, with penalties for violations. Rules are recorded in a Book of Resolutions available for owner inspection.
• What this document doesn't cover: This document does not include the full list of property use restrictions (e.g., architectural standards, leasing rules, pet limits) — those are in the Declaration of Covenants, Conditions and Restrictions, which is referenced but not included here.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.