Firefly Cove

Key facts from Firefly Cove's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Planned Community (WHEREAS)

Developer / declarant

Firefly Cove, Inc., a Florida corporation (Opening paragraph)

Governing law

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

Assessments & dues

Determined by Board in its sole discretion; may differentiate by Lot type and use (Article IV, Section 6)

Special assessments

Board may levy special assessment for capital improvements in any fiscal year (Article IV, Section 5)

Collections & liens

Assessment is a lien on the Lot, prior to all except taxes and prior recorded liens; personal obligation of owner (Article IV, Section 3 and 7(a))

Reserves & fees

Board may impose assessments for reserve funds or operating expense surpluses (Article IV, Section 9)

Architectural approval

Yes, for any structure, addition, alteration, or site work (Article VI, Section 1)

Maintenance

Master Association responsible for Common Elements; Owner responsible for Lot (implicit) (Article IV, Section 8)

Use restrictions

Single-Family Residential Use required; time shares and cooperatives strictly prohibited (Article I, Definitions 26 and 24)

Voting & meetings

Each Lot Owner collectively one vote; may be suspended for nonpayment or infraction (Article I, Definition 19 and Article II,)

Amendments

During Declarant Control Period, Declarant may amend unilaterally; otherwise 67% vote plus Declarant consent (during control period) (Article IX)

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