Price Ponds

Key facts from Price Ponds's documents

Community type

Homeowners' Association (Price Ponds Homeowners' Association, Inc.) (Declaration Section 1(d) and 1(f))

Developer / declarant

Pulte Homes of Ohio LLC, a Michigan limited liability company (Declaration, first page; also Third Supp)

Governing law

Chapter 5312 of the Ohio Revised Code (Planned Community Law) (Declaration, Section 1(bb))

Assessments & dues

Not fixed; determined by Board via Operating Assessment to meet Common Expenses (Section 5.3) (Declaration Section 5)

Special assessments

Board may levy Special Assessment for unanticipated operating deficiencies or capital expenditures (Section 5.4) (Declaration Section 5.4)

Reserves & fees

Association may collect and maintain reserves for replacements and anticipated expenditures (Section 3.4) (Declaration Section 3.4)

Home business

No business, commercial or professional activity conducted on any Lot; exception for home occupation without customer contact and not negatively impacting residential character (Section 8.8) (Declaration Section 8.8)

Signs & flags

No signs except builder/developer sign, one for sale/lease sign not exceeding 3 sq ft, and signs of Declarant/Association/government (Section 8.9) (Declaration Section 8.9)

Amendments

Prior to Turnover Date, Declarant may unilaterally amend; after Turnover, amendment as provided in Planned Community Law (Section 13.3) and possibly Owner vote (Section 3.4 requires 75% vote to convey Common Elements) (Declaration Section 13.3 (amendment) and)

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