Shady Grove

Key facts from Shady Grove's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Normandy Park Homeowners Association, Inc.

Developer / declarant

SG Investors, L.L.C.

Governing law

Tennessee Nonprofit Corporation Act (Exhibit C, Charter)

Assessments & dues

Regular Assessment set annually by Board of Directors in its sole discretion; Special Assessment requires 51% vote (Article IX, Sections 3 and 4)

Special assessments

Requires affirmative vote of at least 51% of total votes cast at a meeting called with 10–60 days written notice (Article IX, Section 4)

Collections & liens

Assessments are a lien on Lot; can be enforced by court action or public sale after 21 days advertising; sale subordinate to prior mortgages; Owner waives redemption rights (Article IX, Section 7B)

Reserves & fees

Association shall fund reserves including general operating reserve and/or reserve for replacements (Article IX, Section 2D)

Voting & meetings

One vote per Lot; 51% majority decides questions; no voting if more than 30 days delinquent or more than 15 days default; proxies allowed (Article III, Section 1)

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