Garrison Community Association Inc

What Garrison Community Association Inc's governing documents say

This is a first amendment to the Declaration of Covenants, Conditions and Restrictions for Garrison Subdivision, a planned community in Wake County, NC, governed by the North Carolina Planned Community Act. It amends the original declaration to change when annual assessments start, allow different assessment rates for builder-owned vs. improved lots, and exempt a model home lot from assessments. It is a partial document that modifies only specific assessment provisions; the full rules are in the original declaration.

• Annual assessments: Annual assessments now begin for any lot when the approved subdivision map is recorded. For 2010, the annual assessment for improved lots is $240.00.
• Builder/declarant assessment rates: Lots owned by the Declarant or Builder are assessed at 25% of the annual assessment for improved lots (i.e., $60.00 for 2010).
• Model home exemption: The first lot sold to the Builder for a model home is exempt from annual assessments until it becomes an improved lot, in exchange for extra landscaping and maintenance.
• What this document doesn't cover: This amendment only changes assessment commencement, rates, and the model home exemption. It does not contain the full rules on property use, maintenance, architectural control, or other covenants—those remain in the original Declaration.

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.