Silvercloud Estates 1st

Key facts from Silvercloud Estates 1st's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Silvercloud Estates Association, Inc.

Units / lots

24 (initial: Block 1 Lots 17-5 = 13; Block 2 Lots 12-18 = 7; Block 3 Lots 1,2,5,6 = 4) (ARTICLE III, Page 5)

Assessments & dues

Fixed by Board not to exceed maximum; maximum may increase annually per CPI or by 2/3 vote (ARTICLE VII Sections 3 and 4, Page 8)

Special assessments

For capital improvements; requires assent of 2/3 of each class of members; maximum amount not specified (ARTICLE VII Section 4, Page 8-9)

Collections & liens

Assessments constitute a lien on the property, enforceable by foreclosure under Oklahoma law; personal obligation also attaches (ARTICLE VII Sections 1 and 8, Page 7-9)

Reserves & fees

Reserve fund for repairs or improvements to Common Areas may be established from monthly assessments, amount determined by Board (ARTICLE V Section 6, Page 7)

Parking & vehicles

No parking/storage of trailers, boats, or vehicles not normally used as everyday transportation on streets, Lots, or Common Areas unless adequate screening provided and Declarant approves (ARTICLE XII, Page 13)

Fences

All fencing (Common Area, adjoining, other) requires Declarant approval; adjoining fences must set back 2 feet from front of building; permitted materials: wrought iron, split-rail, split rail with wire mesh (not chain-link or plain mesh); (ARTICLE VIII Section 5, Page 11-12)

Architectural approval

All structures, fence, landscaping, accessory buildings must be approved in advance by Declarant (or its successor) in writing (ARTICLE VIII Section 1, Section 5 (fenci)

Home business

Prohibited; no trade or business on lots (ARTICLE VIII Section 1)

Signs & flags

Only 'For Sale' or 'For Rent' signs not exceeding six square feet allowed without Declarant consent; Declarant may place identification/direction signs on Common Areas exceeding 6 sq ft (ARTICLE XIII, Page 13-14)

Setbacks / home size

No building shall be erected nearer to side property line than specified for two-story residences (specific distance unclear); also subject to building limit lines and Edmond ordinances (ARTICLE XI, Page 13; also ARTICLE VIII S)

Use restrictions

Lots shall be used for private residence purposes only; no trade or business except private dwelling houses (ARTICLE VIII Section 1, Page 10-11)

Voting & meetings

Two types: Type A (each Owner of single-family lot, one vote per lot held); Type B (Declarant, 3 votes per lot owned for which it holds interest) (ARTICLE VI, Page 7)

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