Grace Park Development Owners Association Inc

Key facts from Grace Park Development Owners Association Inc's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Grace Park Townhome Association, Inc. (Article I, Section 2)

Developer / declarant

Grace Park Townhomes, LLC, a North Carolina limited liability company, with its principal office located at 6400 Creedmoor Road, Raleigh, Wake County, North Carolina 27613 (Preamble)

Governing law

North Carolina Planned Community Act (Section 47F of the North Carolina General Statutes) (Article II, Section 1(c); Article IV, Se)

Assessments & dues

Maximum annual assessment to and including December 31, 2009: $2,100.00 per Living Unit ($175.00 per month). (Article IV, Section 3(a))

Collections & liens

The Association may bring an action at law against the Owner personally obligated to pay, plus interest, costs, late payment charges and reasonable attorney's fees, or foreclose the lien against the Lot. The lien is enforceable pursuant to (Article IV, Section 10)

Reserves & fees

The Board shall create and maintain a reserve fund for the periodic maintenance, repair, and replacement of improvements to the Townhome Common Elements and any Limited Townhome Common Elements. (Article IV, Section 5)

Pets

Dogs, cats, pet birds or other household pets may be kept, provided they are not kept for commercial purposes, are controlled in accordance with governmental ordinances, and are not a nuisance. No animals, birds, livestock or poultry of any (Article IX, Section 4)

Parking & vehicles

No boats, trailers, campers, motorhomes, trucks, commercial vehicles (larger than ¾ ton) or tractors shall be parked on any Lot, on the Common Elements, or on any right of way of any roads or streets within the Property, except inside an en (Article IX, Section 13)

Architectural approval

No site preparation or initial construction, erection or installation of any improvements (including buildings, fences, signs, walls, screens, mailboxes, landscaping, plantings) shall be commenced, nor shall any exterior addition or alterat (Article VI)

Home business

No trade or business of any kind shall be conducted upon any Lot, except as approved by the Board on a case-by-case basis. Approved business must be conducted entirely within the house or garage and must not create a nuisance, excessive noi (Article IX, Section 2)

Signs & flags

No Owner shall display to public view any sign, placard, poster, billboard, or identifying name or number upon any Building or any portion of the Townhome Common Elements, except as allowed by the Association or required by local government (Article IX, Section 9)

Use restrictions

No portion of the Property (except for temporary office of the Declarant and/or model townhouses) shall be used except for single-family residential purposes and for purposes incidental or accessory thereto. (Article IX, Section 2)

Voting & meetings

Class A Members (all Owners except Declarant) have one (1) vote for each Lot owned. Class B Member (Declarant) has six (6) votes for each Master Plan Lot owned by Declarant and/or Affiliate or under contract right to purchase. (Article III, Section 2)

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