Glenwood North Townhome Association Inc

What Glenwood North Townhome Association Inc's governing documents say

This is a Declaration of Drainage Easement for Glenwood North, a townhome community in Raleigh, NC. It is not a full set of community rules; it only governs stormwater drainage and maintenance obligations among the property owners and the homeowners association.

• What this document covers: This document creates drainage easements and stormwater control measures (wet pond, bio-retention areas, pipes) for the benefit of certain tracts within Glenwood North, and assigns maintenance and cost-sharing responsibilities.
• Who is bound: The easements and obligations run with the land and bind all current and future owners of the affected tracts (Tracts 1, 3, and 4) and the Glenwood North Townhome Association.
• Maintenance responsibilities: The Association is responsible for inspecting, maintaining, repairing, and operating the stormwater facilities. If the Association fails to act, individual owners may perform the work and seek contribution from other owners.
• Cost sharing: Tract 3 owners pay 8.60% of the costs for the wet pond and related drainage; Tract 1 pays 91.40%. Tract 4 pays 100% of the costs for its bio-retention area. Annual assessments are due by May 1, with 1.5% monthly interest on late payments.
• Insurance requirements: Each owner must carry liability insurance of at least $1,000,000 and casualty insurance for 100% of replacement value for the stormwater control measures on their tract, naming other owners and the Association as additional insureds.
• Restrictions on use: No improvements or activities may obstruct the drainage easements or stormwater areas. Permanently protected open space areas cannot be disturbed without a watercourse buffer permit from the City.
• What this document doesn't cover: This is not a full set of community rules. It does not cover typical HOA topics like architectural review, pets, leasing, parking, or general property maintenance. Those would be in the Glenwood North CC&Rs or other governing documents.

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.