Murrayville Station Business Park

Key facts from Murrayville Station Business Park's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Business Park (commercial/industrial development) (Recitals, Article 1 Definitions (Busines)

Legal name

Murrayville Station Property Owners Association, Inc. (Article 1.F.)

Developer / declarant

HSP-1, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

Nonprofit Corporation Act (Chapter 55A) of the General Statutes of North Carolina (Article 3.A.)

Special assessments

Allowed; levied by Board or members, becomes lien and personal obligation. (Article 7)

Collections & liens

Unpaid assessment (general, special, or individual) after 30 days due constitutes a lien. Corporation may record notice, file suit, foreclose. Lien subordinate to first mortgage. Foreclosure of first mortgage extinguishes lien for prior ass (Article 6.A., Article 6.E., Article 9)

Reserves & fees

Reasonable reserve included in Common Expenses, working capital funds become part of general operating and reserve funds. (Article 5.A., Article 6.G.)

Parking & vehicles

Parking areas/driveways min 5 ft setback from street ROW and property lines unless Developer approves. No damaged vehicles, no on-street parking by firms/businesses. Delivery vehicles not allowed to remain in front parking area for extended (Article 13.C.2-3, 13.L.)

Fences

Fences require approval; temporary privacy wall/fence required within 7 days of destruction to screen property. Residential Buffer Area: Owner shall construct and maintain fence approved by Developer. (Article 12.C. (included in list), Articl)

Architectural approval

No construction, including clearing, excavation, grading, structures, additions, changes (including color) without written approval from Developer (or its architectural committee). Developer has absolute discretion. (Article 12.A., 12.C., 12.D.)

Signs & flags

All signs must be approved by Developer. (Article 13.O.)

Setbacks / home size

No fixed setback lines established; Developer selects precise site location. Minimum setback: 15 feet from property line (other than street ROW) to building face. Parking/driveways: 5 ft from street ROW and property lines unless Developer a (Article 13.B.2, 13.B.3, 13.C.2-3)

Use restrictions

Lots restricted to commercial/industrial uses allowed by New Hanover County zoning, with specific exceptions (e.g., no agricultural, adult entertainment, churches, dwelling units except security personnel, etc.). See Article 13.A. (Article 13.A.1, 2, 3)

Voting & meetings

Two classes: Class A (all owners except Developer) with weighted votes: Industrial Property 1.00 votes per Unit (1,000 sq ft), Business Property 1.73 votes per Unit. Class B (Developer) has 5 times votes of Class A; ceases on sale of all lo (Article 3.D.)

Amendments

Prior to Dec 31, 2015 or until all Lots sold, Developer may amend unilaterally. Thereafter, amendment requires vote of not less than 60% of Owners and recorded instrument. Cannot alter tax obligations, lien rights, or Developer's rights. De (Article 17.B.)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.