Glen Lyon

What Glen Lyon's governing documents say

This is an amendment to the governing documents of Oakwood Glen Swim and Racquet Club Association, a single-family home HOA in Plano, TX (Collin County). The amendment primarily adjusts voting rights and assessment obligations for non-occupant owners (investors) and refines board composition and election terms. It does not contain the full set of community rules.

• Classes of Membership: Two classes: Class A (occupant owners, each lot gets one vote) and Class B (non-occupant owners, no voting rights).
• Board of Directors: Board consists of five owners. At the 1992 annual meeting, three directors serve two-year terms and two serve one-year terms; thereafter all terms are two years.
• Assessments for Non-Occupant Owners: Non-occupant owners must pay monthly assessments, but the per-lot amount cannot exceed 50% of the assessment for an occupant owner. The board may set different rates between the two classes.
• What this document doesn't cover: This is only an amendment. The original governing documents (Bylaws, Master Deed, and Deed Restrictions) are referenced but not included. Specific rules on pets, leasing, age restrictions, architectural review, parking, or amenities are absent from this excerpt.

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.