Peace River Village Homeowners Association Inc

What Peace River Village Homeowners Association Inc's governing documents say

This is a maintenance covenant and protection easement for stormwater control facilities, required by the City of Raleigh for the Peace River Village development. It binds the developer, the homeowners' association, and all lot owners to maintain the stormwater facilities, and grants the city inspection and enforcement rights. It is not a full set of community rules; it only covers stormwater obligations.

• What this document covers: This document is a maintenance covenant for stormwater control facilities (a wet pond) serving Peace River Village, a development of 40 townhomes and 78 single-family homes. It requires the responsible party (initially the developer, later the homeowners' association) to maintain the facilities per an operations manual and budget.
• Who is bound: The covenant runs with the land and binds all lot owners, the homeowners' association, and the developer. Membership in the association is mandatory for each lot served by the stormwater facilities, and the association can levy assessments for maintenance costs.
• Maintenance obligations: The responsible party must maintain the stormwater facilities according to the approved manual, including inspections (biannually, monthly, and after heavy rain), mowing, erosion control, and sediment monitoring. The facilities must perform as designed and comply with city codes.
• City enforcement rights: The City of Raleigh has permanent easements to inspect and, if necessary, repair the stormwater facilities. If the responsible party fails to maintain them, the city can perform the work and charge the lot owners, with unpaid assessments becoming liens on the property.
• Insurance requirement: The responsible party must carry liability insurance of at least $1,000,000 for the stormwater control facilities.
• What this document doesn't cover: This document does not contain general community rules such as architectural guidelines, pet restrictions, leasing rules, or other typical HOA covenants. Those would be in a separate declaration or bylaws.

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.