Holston Meadows Homeowners Association Inc

Key facts from Holston Meadows Homeowners Association Inc's documents

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

Community type

Covenant / Planned Community

Legal name

Holston Meadows Homeowners' Association, Inc. (Section 1, Paragraph 1)

Units / lots

54 building lots (Section 1, Paragraph 2)

Developer / declarant

Barringer Enterprises, Inc. and Landwright Capital Corporation (Preamble)

Assessments & dues

$708.00 per residential unit until January 1, 2002 (Section 1, Paragraph 8)

Special assessments

May levy special assessments for capital improvements with assent of majority of Class A votes voting in person or by proxy at a duly called meeting (Section 1, Paragraph 9)

Collections & liens

Assessments, interest, costs and reasonable attorney's fees are a continuing lien on the property and personal obligation of the owner. Association may bring action at law and foreclose lien. Lien subordinate to first mortgages. Mortgage fo (Section 1, Paragraphs 6, 11, 12)

Reserves & fees

Separate fund for stormwater detention facility reconstruction and repair, kept in FDIC-insured account, not commingled, with amount determined by Director of Public Works adequate for 3-year period (Section 5, Paragraph 4(c)-(d))

Pets

Household pets allowed in reasonable numbers for sole pleasure and use of occupants, but not maintained or bred for commercial use (Section 2, Paragraph 10)

Parking & vehicles

Adequate off-street parking spaces sufficient for owner and other persons residing regularly in the residence shall be provided by owner of each residential lot (Section 2, Paragraph 5(h))

Fences

Fences not over 4 feet high, must enhance neighborhood beauty, require ASC approval. Chain link or metal type fences not approved. Decorative privacy fence may be erected subject to ASC approval. (Section 2, Paragraph 11)

Architectural approval

No structure shall be constructed, situated, allowed to remain changed or improved without prior written approval of ASC. Plans deemed approved if ASC fails to act within 2 weeks of receipt. (Section 2, Paragraph 4)

Home business

No home business employing more than one non-resident or attracting on average more than two daily vehicular trips of visitors or trades/delivery vehicles (Section 2, Paragraph 5(g))

Signs & flags

No signs or billboards except 'FOR SALE' signs not exceeding 6 square feet, limited to one sign per lot (Section 2, Paragraph 9)

Setbacks / home size

Front, interior, side and rear lot line requirements as specified by City of Durham municipal zoning and codes, as may be amended (Section 2, Paragraph 3)

Insurance

Association shall obtain and maintain hazard insurance on each dwelling under a Master Policy (no personal contents or possessions included) (Section 1, Paragraph 4)

Use restrictions

All lots shall be used for single family residential purposes only. Only one attached dwelling per lot, may include private garage for not more than one car. (Section 2, Paragraph 1)

Voting & meetings

Two classes: Class A (lot owners except Owner/Developer) - 1 vote per lot; Class B (Owner and Developer) - 5 votes per lot. Fractional voting prohibited. When multiple owners hold a lot, they determine how to cast the single vote. (Section 1, Paragraph 5)

Amendments

Before 5 years from date: 75% of votes of all Class A and Class B members voting in person or by proxy at duly called meeting. After 5 years: instrument signed by simple majority of lot owners. Must be recorded in Register of Deeds of Orang (Section 3, Paragraph 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.