Inman Park Community Association Inc

Key facts from Inman Park Community Association Inc's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Inman Park Community Association, Inc.

Units / lots

Maximum 549 units (Article II, Section 4)

Developer / declarant

GELL, INC., a North Carolina corporation, and LEADMINE ASSOCIATES II, LLC, a North Carolina Limited Liability Company (Preamble)

Assessments & dues

Until January 1, 2000: $360.00 per Class A Lot ($240 for Recreational Amenities, $120 for other Common Area); Class C Unit: $120.00; Class B Lot/Unit: 1/4 of Class A or C assessment (Article V, Section 3)

Special assessments

Allowed for capital improvements, debt repayment, or other purposes; requires same assent as annual assessment increase (2/3 Class B and 2/3 Class A/C) (Article V, Section 4)

Collections & liens

Unpaid assessments are a lien on the Lot; Association may foreclose; lien subordinate to first mortgages (Article V, Sections 1, 8, 9)

Reserves & fees

Working capital fund established; no separate reserve fund specified (Article V, Section 11)

Parking & vehicles

Association may tow vehicles in violation of parking rules (Article IX, Section 9)

Fences

No fence, wall, storage shed, or other obstruction shall be erected within the area adjoining a Dwelling (within 5 feet of lot line) (Article VII, Section 3)

Architectural approval

Yes; plans and specifications must be submitted to Declarant for approval before construction, alteration, or major landscaping (Article VIII)

Solar & roof

Subject to architectural approval; Declarant may establish standards for exterior color, roofing material, etc. (Article VIII)

Signs & flags

All signs must comply with Unified Sign Criteria on file with City of Raleigh Inspections Department (Article VIII)

Setbacks / home size

Dwellings must be at least 5 feet from lot line; otherwise access easement for maintenance (Article VII, Section 3)

Maintenance

Association maintains Common Area; Owners maintain their Lots; Association has right of entry for maintenance (Article IV, Section 4)

Insurance

Association must maintain liability insurance of at least $1,000,000 and full replacement cost hazard insurance on Common Area (Article IV, Section 4(b); Article IX, Se)

Use restrictions

Properties are for residential use; single-family and multifamily dwellings (Preamble)

Voting & meetings

Class A, Class B, and Class C Members; Class B Members have three votes per Lot; Class A and C Members have one vote per Lot/Unit (Article III, Section 2)

Amendments

First 25 years: 75% of Lots; thereafter: 60% of Lots; must be approved by Raleigh City Attorney and recorded (Article IX, Section 3)

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