Valley Crest Homeowners Association Inc
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Valley Crest Homeowners Association Inc's governing documents say
This is a legal amendment to a stormwater replacement agreement between the Valley Crest Homeowners 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 does not affect residents' daily lives.
- What this document is: A first amendment to a stormwater replacement agreement, updating it to comply with new city and state laws. It deletes the old general replacement fund and replaces it with a developer-funded reserve fund and potential special assessments.
- Who is bound: The agreement binds the Valley Crest Homeowners Association, the developer (Tuscany Construction Group), and the City of Raleigh. It does not impose direct obligations on individual homeowners, though the city may assess lot owners if the association fails to pay for stormwater work.
- Stormwater maintenance & funding: The association is strongly urged to set up a reserve fund for major stormwater repairs. If the city has to do the work and isn't reimbursed, it can assess the costs against the lots served by the stormwater facilities.
- Reserve fund schedule: The proposed reserve fund schedule is based on the original installation cost of $13,258, with a 30-year life, suggesting annual contributions of $441.93 from 2004 to 2034.
- Lots affected: The stormwater facility serves Lots 1-12 of Valley Crest Subdivision, and the facility is located in drainage easements on Lots 10 and 11.
- What this document doesn't cover: This document does not contain any rules about pets, leasing, architectural review, parking, or other typical HOA restrictions. It only addresses stormwater infrastructure funding and maintenance.
Key facts from Valley Crest Homeowners Association Inc's documents
- Community type
- Homeowners Association (VALLEY CREST HOMEOWNERS ASSOCIATION, INC)
- Legal name
- Valley Crest Homeowners Association, Inc.
- Developer / declarant
- TUSCANY CONSTRUCTION GROUP, INC. (Preamble)
- Reserves & fees
- Proposed reserve fund schedule: $441.93 per year from 2004 to 2034, total $13,258.00 (Exhibit 1)
- Amendments
- No amendment effective until executed by parties, approved by City's Director of Public Works, and recorded (Section 11(c))
Community amenities
≈ 24 homes
Related associations
Nearby (within 500 m): Village Westgate Hmowners Association · Arlington Hills Homeowners · Arlington Hills Homeowners Association · Ridgeloch Homeowners Association Inc · Ridgeloch Homeowners
About this HOA
Valley Crest Homeowners Association Inc is a homeowners association in Raleigh, NC.
HOAproxy has 1 document on file for Valley Crest Homeowners Association Inc: 1 recorded document. Last updated 2026-06-10.
Governing documents
- DOCC108735203 (13 pages) — PDF