Academy Hill Homeowners Association

Key facts from Academy Hill Homeowners Association's documents

Community type

Homeowners Association with de minimis cooperative interest (Sponsor's Affidavit para 1; CPS-7 cover )

Units / lots

10 lots (originally 11 per Sponsor's Affidavit para 8; amendment states 10 lots) (Amendment Affidavit para 4; Sponsor's Af)

Governing law

Article 23-A of the New York General Business Law, Part 22 of the regulations, and Cooperative Policy Statement No. 7 (CPS-7) (Transmittal letter June 18, 2020; Sponso)

Assessments & dues

$800 per Lot per year ($66.66 per month) based on budget; assessment rate subject to change by Board (Budget Exhibit C; Declaration Art. VII §)

Special assessments

Allowed for non-recurring expenses; imposed by Board upon notice to Owners (Declaration Art. VII §4)

Collections & liens

Delinquent assessment becomes a continuing lien on the Lot; Association may foreclose; personal obligation of owner at time of delinquency also passes to successor (Declaration Art. VII §§1,6)

Reserves & fees

Board may establish reserve fund as part of general assessment; but prior to 5 years after Final Sale Date, reserve contributions exceeding 5% of estimated expenses require Declarant consent (Declaration Art. V §2(ii) (limit on rese)

Pets

Implied allowed; pet houses, outbuildings, kennels, cages must not be visible from road (Declaration Art. VI §3(vi)(f))

Parking & vehicles

Not specifically prohibited but likely restricted by vehicle type rules

Fences

Fences: max 4 feet height, post and split rail, wood, wrought iron, or other approved material; no chain link or stockade; must be set back min 5 feet from property line; privacy fences up to 6 feet allowed in rear yard close to building an (Declaration Art. VI §3(i), (ii), (iii))

Architectural approval

Until Final Sale Date, plans and specifications for any home, addition, or structure requiring a Certificate of Occupancy must be approved by Declarant before building permit application (Declaration Art. VI §3(vii))

Home business

Not explicitly prohibited; but vehicle restrictions and signage restrictions may limit commercial activity (Declaration Art. VI §3(iv) (no commercia)

Signs & flags

Only signs designating owner's name and street number allowed in windows; signs advertising sale allowed after Final Sale Date; no other signs (Declaration Art. VI §3(vi)(b))

Setbacks / home size

Fence min 5 ft from property line; vegetable garden not visible from road; firewood storage no closer than 15 ft to side yard; no specific building setbacks mentioned (Declaration Art. VI §3(i), (vi)(d), (g))

Maintenance

Association responsible for maintenance and repair of Association Property (Private Road and Private Gate); Owners responsible for their Lots and dwellings (Declaration Art. VII §7(i); Art. II §3(i)

Insurance

Liability insurance on common areas; budget shows $1,500 for insurance (Budget Exhibit C; email indicating liabi)

Use restrictions

Yes; Dwelling Units designed for single-family residence (Declaration Art. I §6 (definition of Dwe)

Voting & meetings

One vote per Owner regardless of number of Lots owned; no cumulative voting; no split vote if multiple owners (Declaration Art. IV §2)

Amendments

Declaration may be amended by vote of at least 66 2/3% of Owners in person or by proxy at meeting; or in writing by 66 2/3% of Owners; until Final Sale Date, requires written consent of Declarant; no amendment adversely affecting mortgage l (Declaration Art. VIII §5; Art. II §4; Ar)

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