Evolve Holly

What Evolve Holly's governing documents say

This is a declaration of covenants, easements, and restrictions for Evolve Holly Ridge, a mixed-use development in Holly Ridge, NC. It governs the relationship between the owners of Lot 1 (residential) and the Commercial Lots, focusing on shared infrastructure like roads, utilities, and signage. It is not a homeowners' association rulebook for individual homeowners; it primarily binds the lot owners (developers or commercial entities).

• What this document covers: This document creates and governs shared easements for access roads, sewer lines, water lines, drainage systems, and signage between Lot 1 and the Commercial Lots. It also sets maintenance responsibilities, cost-sharing formulas, and use restrictions for the property.
• Who is bound: The document binds the owners of the parcels (Lot 1 and Commercial Lots) and their successors. It does not directly regulate individual homeowners, tenants, or renters; those would be subject to separate leases or association rules.
• Shared infrastructure & maintenance: Lot 1 is responsible for constructing and maintaining the access roads, drainage systems, and entrance sign until dedicated to a public authority. Commercial lot owners must pay their share of drainage costs based on acreage if they connect to the system. Each owner must maintain their own parcel in good condition.
• Cost sharing: For drainage system expenses, each owner's share is calculated as (acreage of owner's parcel ÷ total acreage of the property) × 100. Payments are due within 30 days of invoice; delinquent amounts bear 10% annual interest.
• Use restrictions: The property must be used as a first-class mixed-use center. Prohibited uses include funeral parlors, pawn shops, adult entertainment, massage parlors (except therapeutic), mobile home parks, landfills, churches, gambling facilities, and nuisances (odors, noise, flashing lights). These restrictions apply to the lot owners, not directly to end-users.
• Signage: Lot 1 maintains an entrance sign in a designated easement area. Other owners may occupy sign space only with Lot 1's written approval and must pay their fair share of costs. Lot 1 can reconfigure the sign area.
• Enforcement & amendments: Any owner can enforce the agreement via legal action, but no owner can terminate or suspend another's easement rights. Amendments require written consent of all then-owners and recording. The prevailing party in enforcement actions is entitled to attorney's fees.
• What this document doesn't cover: This document does not contain rules for individual homeowners or tenants (e.g., pet limits, lease terms, parking for residents, architectural review for homes). It does not create a homeowners' association or set assessments for residents. It is an infrastructure and easement agreement between lot owners.

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.