Creekside Yacht Club

What Creekside Yacht Club's governing documents say

Creekside Yacht Club is a private yacht club community in Wilmington, NC, centered around a marina, dry stack boat storage, and a clubhouse. Membership is tied to ownership of a Boat Slip, not a residential unit. This document establishes the covenants, conditions, and restrictions governing the club and its members.

• Membership & Boat Slips: There are two membership classes: Charter (held by the developer) and Class A (each tied to one specific Boat Slip). Class A members have exclusive use of their assigned slip and non-exclusive use of common areas. Charter memberships are freely transferable; Class A memberships are subject to a right of first refusal in favor of the Association.
• Assessments & fees: Class A members pay regular and special assessments. Special assessments over $1,000 per membership in a fiscal year require a majority vote of members. The Association may also levy assessments for rule violations (up to $500 per occurrence) and for damage caused by a member's fault. Delinquent assessments accrue interest at 18% per annum and become a lien on the membership.
• Marina & Use Restrictions: The marina is a 'closed-head, non live-aboard' facility. All rights are subject to federal and state permits. Members may delegate their common area rights to family, guests, tenants, or contract purchasers.
• Transfer & Right of First Refusal: Class A members must give the Association a right of first refusal on any sale. The Association has 30 days after receiving a signed contract to match the offer. This right terminates 21 years after the declaration is recorded, or earlier if the Association decides.
• Voting Rights: Each Class A membership and each Charter membership has one vote. A quorum requires 60% of all votes eligible to be cast.
• What this document doesn't cover: This document does not address residential use, age restrictions, pets, leasing of units, or architectural review. It governs only the yacht club membership and common areas, not any residential property.

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.