Shellring at St. Thomas Island

Key facts from Shellring at St. Thomas Island's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Shellring At St. Thomas Island

Units / lots

104 Living Units planned, subject to change as development progresses (Article 3: 'Declarant plans to develop t)

Developer / declarant

Centex Homes, a Nevada general partnership (Overview; 'THIS DECLARATION ... is made )

Assessments & dues

Base Assessment determined annually by Board budget; during Deficit Funding Period calculated by dividing projected full build-out Operating Expenses by 75% of Total Planned Units (Article 6.C: 'The total anticipated Oper)

Special assessments

Special Assessments levied for capital improvements; after Turnover Date require 2/3 vote of each class; before Turnover Date exceeding 5% of budgeted Operating Expenses require 2/3 vote of each class; 5% or less may be levied by Board alon (Article 6.D: 'Special Assessments shall )

Collections & liens

Assessments, Interest, and collection costs are a continuing lien on each Living Unit; effective upon recording acknowledged statement of Board; Association may foreclose lien in equity like a mortgage; may also sue at law; Institutional Mo (Article 6.B: 'Any and all Assessments ma)

Reserves & fees

Association shall establish adequate Reserve for periodic maintenance, repair, and replacement of Association Property; Reserve funds are exclusive property of Association; deposited in separate account (Article 6.Q.11: 'The funds necessary to )

Leasing & rentals

Not directly addressed in provided text beyond eviction rights for tenants/occupants (Article 13.F: 'Eviction Of Tenants, Occu)

Parking & vehicles

Each Residential Owner must keep sidewalks, driveways and parking areas within Lot clean, free of debris, and repair cracks/damaged areas; no specific parking restrictions beyond maintenance stated in provided text (Article 9.B.1: 'All sidewalks, driveways)

Fences

Exhibit C contains Recommended Fence Designs and Specifications; fences defined as Improvements subject to Committee approval (Article 1 lists 'Exhibit C Recommended F)

Architectural approval

Committee approval required for all construction, reconstruction, alteration, or addition of Improvements; no Improvement shall be commenced until Committee approval obtained (Article 10.D: 'Requirement Of Committee )

Signs & flags

Signage Areas are Association Property maintained by Association; signs are defined as 'Improvements' subject to architectural control; no specific sign rules for owners stated in provided text (Definition of 'Improvement' includes 'si)

Setbacks / home size

If Living Unit located closer than 5 feet from Lot line, Residential Owner has perpetual access easement over adjoining Lot for repair/maintenance; within easement area no fence or vegetation allowed (Article 8.B.7: 'If any Living Unit is lo)

Maintenance

Residential Owner must maintain roof in good condition and repair as part of exterior maintenance obligation (Article 9.B.1: 'The exterior of all Livi)

Insurance

Property and casualty insurance on Association Property Improvements and personal property for full replacement cost (excluding land, foundation, excavation); public liability insurance naming Declarant as additional insured; fidelity cover (Article 7.A casualty insurance; Article )

Use restrictions

Project is a residential development of single-family dwelling units (Definition of 'Living Unit': 'each indiv)

Voting & meetings

Class A Members (Owners of Lots/Living Units) get 1 vote per Lot/Unit; Class B Member (Declarant or designated assign) gets 2x total Class A votes plus 1 vote until Turnover Date; after Turnover Date Declarant votes only as Class A (Article 5.B: 'Class A Members' will be O)

Amendments

Article 14 governs amendments: prior to Turnover Date Declarant may amend; after Turnover Date procedures set forth; scrivener's errors, amendments to Declarant's rights, FHA/VA approval, certification/recording, amendments to satisfy lendi (Article 14.A through H)

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