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)

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

One-story: 1800 sq ft minimum; two-story: 2500 sq ft minimum; computed excluding basement, attached porches, and garages (ARTICLE IX Section 2? Actually ARTICLE V)

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.