Chadwick Shores Property Ownrs
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What Chadwick Shores Property Ownrs's governing documents say
Chadwick Shores is a single-family home subdivision in Sneads Ferry, NC, governed by a property owners association (POA). Membership is voluntary for most owners but mandatory for those required by a bankruptcy court order. The association maintains common areas and roads, funded by dues and road assessments.
- Membership & voting: Owners of lots may become members by request; some are automatically members per bankruptcy court order. Each lot gets one vote, cast by a designated Voting Member. Voting rights require dues to be paid in full.
- Dues, assessments & fees: Annual dues and special assessments are set by member vote. A one-time $100 initiation fee applies to new members. Owners must also pay road assessments. Delinquency beyond 90 days results in loss of common area and amenity privileges and voting suspension.
- Construction deposit: Owners building a residence must pay a $1,000 construction security deposit. After completion and a certificate of occupancy, $800 is refunded (less repair costs for road damage), and $200 is retained for road wear and tear.
- Road maintenance: All owners (not just members) are assessed for road maintenance and repair. Road budgets are voted on separately at annual meetings. Unpaid road assessments lead to collection measures.
- Common areas & amenities: The association owns and maintains common areas and amenities. Use is limited to members in good standing and their guests, subject to board-adopted rules.
- Board of directors: The board consists of officers (President, First and Second Vice Presidents, Treasurer, Secretary, Past President) and three directors, all elected by members. Directors serve two-year terms; officers serve one-year terms. The board manages association business and can suspend rights for rule violations (up to 60 days after notice and hearing).
- Meetings & budget: Two annual meetings are held (second Sunday in September and November). Road issues are voted on by all owners; association business by members only. Budgets are voted line-item by line-item. Emergency expenditures over $2,000 require board approval.
- Amendments: Bylaws may be amended by a two-thirds vote of Voting Members. Proposed amendments are studied by a legal committee, then presented at the First Annual Meeting and voted on at the Second Annual Meeting.
Key facts from Chadwick Shores Property Ownrs's documents
- Community type
- Property Owners Association (HOA) (Section 1, name of corporation)
- Legal name
- CHADWICK SHORES PROPERTY OWNERS ASSOCIATION, INC.
- Developer / declarant
- Peninsula Development, Inc., CEPCO, Charles Padgett (via bankruptcy court distribution) (Section 5: "to receive ownership of thos)
- Governing law
- North Carolina Business Corporation Act (Section 3: "The registered office of the)
- Assessments & dues
- Not fixed; set by majority of Members constituting quorum at Annual or Special Meeting. Also a $100 initiation fee for new Owners. $1000 construction security deposit required before building. (Sections 23, 24, 28)
- Special assessments
- Special assessments may be set by a majority of Members constituting a quorum, similar to annual assessments. (Section 24)
- Collections & liens
- Not explicitly provided; Board may take legal action to collect dues, assessments, and fees. No specific lien or foreclosure provision. (Section 31)
- Reserves & fees
- Reserve Fund created; Board may appropriate up to 10% of surplus. Moneys invested in US Government securities; withdrawal only by two-thirds (2/3) vote of membership voting. (Section 63)
- Voting & meetings
- Each Owner selects one Voting Member per Lot. One vote per Lot. For road issues, all Owners (Members and Non-Members) have one vote per Lot. For Association business, only Voting Members vote. Voting requires paid assessments. (Sections 13, 21, 33)
- Amendments
- Proposed by any Member in good standing at Annual Meeting or Board meeting. Referred to Legal Committee for study. Board must act on proposed amendment. If approved, presented at First Annual Meeting, placed on ballot, voted at Second Annua (Sections 77, 78, 79, 80)
About this HOA
Chadwick Shores Property Ownrs is a homeowners association in Sneads Ferry, NC.
HOAproxy has 1 document on file for Chadwick Shores Property Ownrs: 1 CC&R. Last updated 2026-06-20.