Wyndcroft Homeowners Association Inc

What Wyndcroft Homeowners Association Inc's governing documents say

This is a first amendment to a stormwater replacement agreement for Wyndcroft Subdivision, a single-family HOA in Raleigh, NC. It is a technical legal document between the developer, the homeowners association, and the City of Raleigh, not a community rulebook. It updates how stormwater facilities are funded and maintained, and it does not contain typical HOA rules for homeowners.

• What this document is: This is an amendment to a prior stormwater agreement, not a set of community rules. It changes how stormwater control measures are funded and maintained, shifting from a general replacement account to a reserve fund and potential special assessments.
• Stormwater maintenance & funding: The association is urged to establish a reserve fund for major repairs and replacement of stormwater facilities. If the City performs work and isn't reimbursed, it can assess costs against the lots served by those facilities.
• Which lots are affected: An engineer's letter identifies which lots drain to each stormwater pond: Pond #1 (behind Lot 17) serves Lots 1-21 and 37-46; Pond #2 (beside Lot 24) serves Lots 22-36. These lots may be subject to future assessments for stormwater work.
• Reserve fund schedule: The proposed reserve fund schedule suggests annual contributions of $431.67 from 2006-2025 and $431.66 from 2026-2035, totaling about $12,950 by 2035, to cover stormwater facility replacement costs.
• What this document doesn't cover: This document does not cover typical HOA rules such as architectural guidelines, pet restrictions, leasing rules, or other homeowner obligations. It only addresses stormwater infrastructure agreements with the City.

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.