Altair Owners Association Inc

What Altair Owners Association Inc's governing documents say

This is a maintenance covenant and protection easement for stormwater control facilities in the Altair Subdivision in Raleigh, NC, required by the City of Raleigh. It binds the developer (M/I Homes of Raleigh, LLC) and all future lot owners, and it is not a full HOA rulebook. It explains who is responsible for maintaining the stormwater ponds and drainage, and gives the city rights to inspect and enforce.

• What this document covers: This document only covers stormwater control facilities (wet ponds, drainage easements) and their maintenance. It does not contain general HOA rules about pets, parking, or architectural review.
• Who is responsible for maintenance: The developer (Declarant) is responsible until the facilities are transferred to the Altair Owners Association or a commercial lot owner. After transfer, the responsible party must maintain them per the approved manual and budget.
• Mandatory association membership: If the association is responsible, membership is mandatory for every lot served by the stormwater facilities, and the association can levy assessments for maintenance costs. Unpaid assessments become a lien on the lot.
• City enforcement and access: The City of Raleigh has permanent easements to inspect and maintain the stormwater facilities, and can seek reimbursement or levy assessments if the responsible party fails to maintain them. The city can also enforce penalties for non-compliance.
• Insurance requirement: The responsible party must carry liability insurance of at least $1,000,000 for the stormwater control facilities.
• Joint and several liability: Each lot owner is jointly and severally responsible for maintenance costs, with a right of contribution from other owners based on pro rata share.
• Restrictions on open space: Permanently protected undisturbed open space areas cannot have land-disturbing activity, tree removal, or new development without a watercourse buffer permit.

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.