Stone Creek Rep

Key facts from Stone Creek Rep's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision with homeowners association (both single-family and townhome) (Preliminary Statement, Art. IV)

Units / lots

36 townhome units (one per townhome lot) (Townhome Declaration Art. I, Sec. 6)

Developer / declarant

Horgan Development Company, a Nebraska corporation (Preliminary Statement)

Governing law

Nebraska Nonprofit Corporation Act (Art. IV, Sec. 3)

Assessments & dues

Maximum $60 per lot per year (main); Townhome: Maximum $960 per Unit/Lot until first year after first conveyance, then increased by CPI-U or 10%. (Art. IV, Sec. 9 (main); Townhome Declara)

Special assessments

Main: up to $200 per lot per year for extraordinary costs. Townhome: not specifically limited but assessment increase by 2/3 vote. (Art. IV, Sec. 10 (main); Townhome Declar)

Collections & liens

Yes, assessments become a lien on the lot and can be foreclosed; personal obligation of owner at time due; subordinate to first mortgages. (Art. IV, Sec. 7 & 14 (main); Townhome De)

Use restrictions

Yes, each Lot for single-family residential purposes; Townhome: all Lots and Units for residential purposes only. (Art. I, Sec. 1 (main); Townhome Declarat)

Voting & meetings

Each Lot owner: 1 vote; Declarant (Class B): 4 votes per Lot/Unit until conversion. Townhome: Class A (owners) 1 vote per Unit/Lot; Class B (Declarant) 4 votes per Lot/Unit. (Art. IV, Sec. 2 (main); Townhome Declara)

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