Wykoff Owners Association Inc

What Wykoff Owners Association Inc's governing documents say

This is a maintenance covenant and protection easement for stormwater control facilities in the Wykoff development, a new residential subdivision in Raleigh, NC. It is not a full HOA rulebook; it binds the property owners and the Wykoff Owners Association to maintain stormwater infrastructure for the City of Raleigh.

• Stormwater maintenance responsibility: The Declarant (M/I Homes) is responsible for constructing and maintaining the stormwater facilities until ownership is transferred to the Wykoff Owners Association or a commercial lot owner. After transfer, the Responsible Party must maintain them per the approved Operations and Maintenance Manual.
• Mandatory HOA membership & assessments: If the Association is the Responsible Party, every lot owner must be a member, and the Association can levy assessments for stormwater maintenance. Unpaid assessments become a lien on the lot.
• City enforcement & penalties: The City of Raleigh can inspect, maintain, and repair the facilities if they are not properly maintained, and can levy assessments or liens to recover costs. Failure to maintain can result in daily civil penalties.
• Insurance requirement: The Responsible Party must carry liability insurance of at least $1,000,000 for the stormwater facilities.
• What this document doesn't cover: This document only covers stormwater control facility maintenance and easements. It does not include typical HOA rules like architectural review, pets, leasing, or other community restrictions.

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.