Sterling Pointe to Edmond

Key facts from Sterling Pointe to Edmond's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

STERLING POINTE - Section 1 Homeowners Association, Inc.

Developer / declarant

STERLING POINTE - SE 1, INC.

Governing law

60 O.S. §§ 851 to 85 (Oklahoma Unit Property Act reference) (WITNESSETH paragraph)

Assessments & dues

Maximum for 2005 was $75.00 per Lot per month; subsequent years increase by up to 20% per year; after certain year Board may set any amount up to the maximum (Section 7.03 (pages 12-13))

Special assessments

Recommended by Board, approved by two-thirds of all Lots; applicable to not more than three installments after date of assessment; for capital improvements, reserves, special services; also for additions/alterations exceeding $20,000 in any (Section 7.05; By-Laws Article 13.01(c))

Collections & liens

Claim of lien created for unpaid assessments; lien subordinate to first mortgage; enforcement by suit; attorneys’ fees and costs recoverable (Section 7.09, 7.10)

Reserves & fees

Adequate reserves for repair and replacement of Commons; to be included in assessments (Section 7.01 (via context); By-Laws Arti)

Pets

Reasonable number of customary household pets allowed; no livestock; no commercial breeding; animals must not become a nuisance (Section 3.10(e) (page 6))

Leasing & rentals

Only the entire Lot with Improvements may be rented, and then only to a Single Family (Section 3.10(f) (page 6))

Parking & vehicles

Junk or abandoned vehicles prohibited from accumulating on any Lot (Section 3.10(i) (page 7))

Architectural approval

Design Review Committee must approve or disapprove within 30 days after complete submission; otherwise deemed approved if promptly accomplished in compliance (Section 8.08 (page 17))

Signs & flags

No signs except: one sign of not more than three square feet advertising sale or rent; signs installed by Declarant; signs approved in writing by Design Review Committee; all signs must be set back minimum 10 feet from curb (Section 3.10(o) (page 7))

Setbacks / home size

Signs set back minimum 10 feet from curb; other setbacks not specified in text but implied by design approval (Section 3.10(o) (page 7))

Voting & meetings

20% of the votes of record constitutes a quorum at Owners’ Association meetings (By-Laws Article 3 (page 24))

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