Old Preston Trails

What Old Preston Trails's governing documents say

Old Preston Trails is a standard single-family home HOA in Celina, TX. All property owners are automatically members and bound by these covenants. The association maintains common areas (including roads) and enforces deed restrictions.

• Meetings & voting: Quarterly membership meetings are required, with notices 10 days prior. Any member may add an item to the agenda by submitting it to the President 14 days before. Special meetings can be called by the President/Vice President or by petition of 25% of members. A quorum for votes is not defined in this excerpt; however, assessment approvals require specific supermajorities.
• Officers & their powers: Officers include President, Vice President, Secretary, and Treasurer, initially serving 13-month terms; elections rotate. The President presides, enforces assessments and deed restrictions, and can appoint ad hoc committees. Officers can approve expenditures up to $250 in executive session. Removal of an officer requires a two-thirds vote; resignation can be at any time.
• Assessments & fees: Assessments are levied equally among all members and are transferable with property sale. An assessment up to $250 can be authorized by any one officer. Assessments between $250 and $1,000 require 51% vote of a quorum. Assessments over $1,000 require a 60% vote of the full membership. A special assessment for legal costs to enforce covenants requires majority written approval.
• Enforcement & liens: Unpaid assessments accrue interest at 10% annually and can lead to a lien on the property, subordinate to first mortgage. Damage to the finished road beyond normal wear and tear is the responsible member's cost. Disputes may be resolved by a qualified arbitrator in Collin County, with arbitrator fees shared but other costs borne by the losing party.
• What this document doesn't cover: This excerpt is a partial document (pages 1-6 of a CC&R). It does not address architectural control, pets, leasing restrictions, parking, or any specific use restrictions. Those might be found elsewhere in the full governing documents.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.