Forest Creek Estates

Key facts from Forest Creek Estates's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single family attached homes (Article II Section 3: 'use as a primary )

Legal name

Forest Creek Addition, Inc.

Developer / declarant

Meade Drive Development Co., Inc.

Governing law

Oklahoma Real Estate Development Act, 1971, Sections 851-855, as amended (Preamble)

Assessments & dues

Board determines estimated budget for each fiscal year; assessments levied accordingly, may be adjusted once per year; special assessments allowed (Article VIII Sections 3 & 4)

Special assessments

Allowed; requires approval by two-thirds vote of owners in person or by proxy for expenditures exceeding $2,500 (Article VIII Section 4)

Collections & liens

Association has lien on Lot and Dwelling Unit for unpaid assessments; may foreclose; may take possession of vacant unit (Article VIII Section 6(b-d))

Reserves & fees

Board shall maintain reserve account equal to two months' estimated assessment; must be replenished as needed (Article VIII Section 5)

Pets

Yes, dogs, cats, other household pets allowed; no more than one without Association permission; no breeding for commercial purposes (Article V Section 8)

Leasing & rentals

Yes, but must be in writing and incorporate terms of Declaration (Article III Section 2)

Parking & vehicles

Prohibited to park on Lots and/or Common Area; included in definition of recreational vehicle (boats, campers, trailers) (Article V Section 12)

Architectural approval

Yes, for any new construction, alteration, color change, etc. (Article VI Section 1)

Home business

Prohibited (Article V Section 17)

Setbacks / home size

At least 650 square feet, exclusive of basements, open porches, breezeways, and garages (Article V Section 18)

Maintenance

Owner responsible for maintenance and repair of Dwelling Unit and exterior; Association responsible for Common Area; Association may perform owner's maintenance if owner fails, cost assessed (Article IX Sections 1-3)

Insurance

Blanket insurance policy including fire, vandalism, malicious mischief, workmen's comp, liability ($1,000,000 per occurrence), hazard, etc. (Article X Section 1)

Use restrictions

Prohibited; may be removed by Association at owner's expense (Article V Section 9)

Voting & meetings

One vote per Dwelling Unit owned; owners are voting members; proxies allowed (Article VII Section 4 (Declaration); By-)

Amendments

Requires consent of owners and first mortgagees representing at least 75% of interests; recorded; no termination without same; Declarant may make Special Amendments for FHA/VA compliance (Article XIV Sections 1, 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.