Baybridge Park Property Owners Association Inc

What Baybridge Park Property Owners Association Inc's governing documents say

This is a legal amendment to a stormwater replacement agreement between the Baybridge Park Property Owners Association, the developer, and the City of Raleigh. It is not a community rulebook; it only changes how stormwater facilities are funded and maintained, and it may affect lot owners through potential future assessments.

• What this document is: This is a first amendment to a Stormwater Replacement Agreement, not a full set of HOA rules. It updates the agreement to comply with new city and state laws regarding stormwater facility funding.
• Stormwater funding changes: The old general replacement fund is eliminated. Instead, the association is urged to set up its own reserve fund for major repairs. If the city has to do the work and isn't reimbursed, it can assess the affected lots.
• Potential assessments on lots: If the association doesn't maintain the stormwater facilities and the city steps in, the city can recover costs from the lot owners served by those facilities. A certified engineer's letter lists which lots are served by each detention facility (DF9 and DF15).
• What this document doesn't cover: This document does not cover typical HOA rules like pets, leasing, architectural review, or assessments for general community operations. It only addresses stormwater infrastructure.

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.