Barnards Creek Homeowner Association, Inc.

What Barnards Creek Homeowner Association, Inc.'s governing documents say

This is a cost-sharing agreement between two separate communities—Barnards Creek Homeowner Association (a single-family HOA) and The Marshes at Rivers Edge Condominium Association—for maintaining a shared entryway. It does not contain the full rules for either community; it only covers how they split expenses for the entryway.

• What this document covers: This document creates a shared easement and cost-sharing arrangement for the 'River's Edge Entryway' (a road and its landscaping, signage, lighting, walls, etc.). It does not contain the full governing documents for either Barnards Creek or The Marshes.
• Cost-sharing percentage: The Marshes pays 46.28% of the entryway maintenance costs (based on 224 units out of 484 total lots/units in both communities). Barnards Creek pays the remaining 53.72%.
• Entryway Committee: A committee of two board members from each association sets the maintenance standards and prepares an annual budget. The budget is ratified unless either board rejects it.
• Payment & delinquency: The Marshes pays its share in quarterly installments. Late payments accrue 10% annual interest and collection costs. If unpaid for 90 days, Barnards Creek can sue.
• Recordkeeping & audits: Each association keeps books on entryway costs. Either can audit the other's records at its own expense. If a second auditor finds a variance of 5% or more, the record-keeping party pays; if 2% or less, the requesting party pays.
• Duration & amendment: The covenant runs perpetually unless terminated by agreement, or for 20-year renewable terms if state law limits duration. Amendments require both associations' board approval and recording.
• What this document doesn't cover: This document does not contain the full rules for either community—no pet limits, leasing restrictions, architectural standards, or other typical HOA/condo rules. Those are in separate declarations for each association.

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.