Mccormick Place

Key facts from Mccormick Place's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development (Title, Page 1)

Units / lots

12 (Lots 1-12) (Article 1.04, Page 3)

Developer / declarant

TERRY & TERRY, INC.

Governing law

Tennessee non-profit corporation law; references Tenn. Code §§ 48-52-106(a) and 48-57-108 in amendment (Amendment recitals, Page 2-3)

Assessments & dues

Maximum $15 per Lot per month until December 1, 2005. Thereafter, determined by Board. (Article 6.10, Page 8)

Special assessments

Original: requires assent of 2/3 of total votes eligible. Amendment: requires affirmative vote of majority of votes present at a duly-called special meeting. (Article 6.03 (original); Amendment Secti)

Reserves & fees

Annual expenses include funding reserves such as general operating reserve and/or reserve for replacements. (Article 6.02(d), Page 6)

Pets

Yes, but restricted. Original: dog, cat, or other household pet, not raised for commercial purposes; no excessive numbers. Amendment: cats or other household pets (including dogs, rabbits, birds, fish); no reptiles, wildlife, farm animals; (Article 8.02(d); Amendment Section 14, P)

Parking & vehicles

Prohibited from being kept on any portion of McCormick Place unless within garage or behind wood fence in rear yard. (Amendment Section 17, Page 8)

Architectural approval

Yes, Architectural Committee approval required for any structure, fence, barrier, or material change in exterior appearance. Also for landscaping changes as defined in amendment. (Article 7.01; Amendment Section 12)

Home business

Original: 'No business activity of any kind whatever shall be conducted.' Amendment: 'no recurring business activity of any kind whatsoever shall be conducted on any Lot' but telecommuting not prohibited; prohibits increased business traffi (Article 8.02(e); Amendment Section 13, P)

Signs & flags

One sign not more than 5 square feet 'for rent' or 'for sale' per lot. No other advertising signs. Declarant may have signs during development period. (Article 8.02(e), Page 10-11)

Maintenance

Owners: interior and exterior maintenance, painting, repair, upkeep of their lot and improvements, yard and landscaping. Association: Common Area (Private Drive, sewers, detention pond, Lot A and B) and structures within Easement Areas. Ass (Article 5.01, 5.02; Amendment Section 6 )

Use restrictions

Original: 'No Lot shall be used except for private residential purposes.' Amendment: 'Each Lot shall be used primarily for residential purposes.' (Article 8.01; Amendment Section 13, Page)

Voting & meetings

One vote per Lot. Original: 51% majority of votes cast decides questions unless higher required; co-owners must agree or vote not counted. Amendment deleted the restriction that delinquent members (over 30 days) cannot vote. (Article 3.02, 3.04; Amendment Section 4,)

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