Lake Wakonda

Key facts from Lake Wakonda's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lake Wa-Con-Da Association, Inc.

Units / lots

Defined by reference to Exhibit A (list of lots enumerated on page 9) (Article I Section 1, Exhibit A)

Developer / declarant

all of the owners of the real property described hereafter (collectively the "Declarant")

Assessments & dues

$125.00 per lot maximum until December 31, 1984 (Article V Section 4(a))

Special assessments

Allowed for extraordinary expenses, limited to the maximum dues amount per year; may exceed with written approval of 75% of Lots (Article V Sections 5 and 6)

Collections & liens

Dues and assessments are a personal obligation and a continuing lien on the Lot; Association may foreclose the lien (Article V Sections 2 and 9)

Reserves & fees

Interest at 15% per annum on delinquent dues or assessments (Article V Section 9)

Leasing & rentals

No; rental of any lot or structure is strictly prohibited (Article VI Section 3)

Parking & vehicles

No grading or excavating equipment, tractors, or semitractors/trailers shall be stored, parked, kept or maintained (Article VI Section 6)

Home business

No business activities of any kind whatsoever shall be conducted on any Lot (Article VI Section 4)

Signs & flags

Only two 'For Sale' signs per Lot (max 6 sq. ft. each) and one sign identifying the owner as a Director of the Association (Article VI Section 4)

Maintenance

Association responsible for improvement, repair, upkeep, mowing, snow removal, landscaping, watering, lighting, paving, painting, maintenance and insurance of Common Area and lake area (Article V Section 3(a))

Use restrictions

Each Lot shall be used exclusively for single-family residential purposes (Article VI Section 3)

Voting & meetings

Each Owner of a Lot is a Member and entitled to one vote on all matters (Article III)

Amendments

Termination or amendment by written instrument executed by Owners of at least 75% of the Lots, recorded in Cass County, Nebraska (Article VIII Section 3)

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