Addison Park

Key facts from Addison Park's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Addison Park Homeowners' Association, Inc. (Article I, Section 9)

Developer / declarant

Niblock-Richardson Development, LLC (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the General Statutes of North Carolina) (Statement of Purpose; Article I, Section)

Assessments & dues

$2,400.00 per year maximum for calendar year beginning January 1, 2019 (Article V, Section 6)

Special assessments

May be levied for capital improvements on Common Area or roadways; requires Declarant approval and 2/3 vote of Lots subject to Declaration (Article V, Section 8)

Collections & liens

Unpaid assessments become lien on Lot after 30 days when claim of lien filed; Association may foreclose; lien subordinate to first mortgages (Article V, Sections 1, 12, 13)

Reserves & fees

Reserve fund equal to 5% of sum of amounts described in Article V, Section 2 (Article V, Section 2(b))

Fences

Fences require ARC approval; fences in rear and side yards are Owner responsibility; fences in swales governed by Article VI, Section 10(j)(viii) (Article V, Section 2(a)(x); Article VI, )

Architectural approval

Yes, for all improvements including site preparation, buildings, fences, landscaping, tree cutting, exterior alterations (Article VI, Section 3)

Solar & roof

Solar heating devices are improvements subject to ARC approval (Article VI, Section 9(e))

Signs & flags

Document regulates or prohibits display of political signs per N.C.G.S. 47F-3-121(2) (Cover page)

Setbacks / home size

Plans must show setback lines from recorded Map; variances may be requested (Article VI, Section 3)

Maintenance

Association: Common Areas, streets (until accepted by Town), perimeter retaining walls, retaining walls on Common Area, stormwater facilities, lawn maintenance on Lots. Owner: retaining walls on Lot (except perimeter), repairs caused by Own (Article III, Sections 6, 8; Article V, S)

Insurance

Public liability insurance (minimum $1 million per occurrence) and hazard insurance on Common Areas (Article IV, Section 6)

Use restrictions

Exclusive residential community of single-family residences (Statement of Purpose)

Voting & meetings

Class A: one vote per Lot (all Owners except Declarant and Builder); Class B: three votes per Lot (Declarant and Builder) (Article IV, Section 2(a)-(b))

Amendments

Requires Declarant's prior written consent while Declarant owns at least one Lot; otherwise per Planned Community Act (Article III, Section 4)

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