Bridges of Las Colinas Homeowners Association, Inc.

Key facts from Bridges of Las Colinas Homeowners Association, Inc.'s documents

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

Community type

homeowners association within the meaning of Section 528 of the Internal Revenue Code (Section 2.1 PURPOSE)

Developer / declarant

HINES LAS COLINAS ROYAL LN LLC (Section 2.1(b))

Governing law

Texas Business Organizations Code (TBOC); Texas Property Code Chapter 209 (referenced in multiple sections) (Section 2.1; Section 3.2; Section 5.12; )

Assessments & dues

Board fixes, levies, and collects assessments; can increase or decrease annual assessments by majority vote subject to Declaration. (Section 5.3(e))

Special assessments

Board may levy special assessments to meet increased operating or maintenance expenses, additional capital expenses, and other costs authorized under Declaration. (Section 5.3(e))

Collections & liens

Association may collect delinquent assessments by suit or lien foreclosure as provided in Declaration. Foreclosure of assessment lien may be included in lawsuit. Nonjudicial foreclosure limits attorneys fees as per law. (Section 5.3(f); Section 14.4(d) (lawsuit)

Leasing & rentals

Not explicitly stated; Declaration governs. Board may adopt rules regarding leasing? Not specified. (Not mentioned)

Maintenance

Association responsible for Common Areas and Common Maintenance Areas. Owners required to comply with Declaration; obligation to pay assessments. Additional responsibilities likely in Declaration. (Section 2.1(a); Section 5.3(c); Section )

Insurance

Board may purchase casualty and liability insurance for Common Areas, Common Maintenance Areas, Property, and other lands/facilities. (Section 5.3(d))

Use restrictions

Not explicitly stated in Bylaws; Declaration governs use. Bylaws require compliance with Declaration. (Section 2.2; Section 8.3)

Voting & meetings

Each Lot has one vote. No cumulative voting. Owners of a Lot must appoint one representative to vote. If husband and wife, either may vote. Declarant has voting rights as provided in Declaration. (Section 3.3; Section 3.3 'No cumulative )

Amendments

Prior to end of Development Period: amendment only with Declarant's written consent (Section 9.1). After Development Period: amendment at annual or special meeting by affirmative vote of Members holding at least the required supermajority ( (Section 9.1; Section 9.2)

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