Parkway Village HOA

Key facts from Parkway Village HOA's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Master Homeowners Association); condominium regime possible under Subsidiary Declaration for Section Three Land (Article I.D (Association definition); Ar)

Units / lots

Not explicitly stated; includes Regular Section One Sites (Lots 1-32 Block 24/8740 and Lots 31-62 Block 21/8740) + Section Two Land lots + Section Three Land condominium units (Article I.O, I.V, I.X, I.Y)

Developer / declarant

Great Southwest Homes, Inc., a Texas corporation (Preamble, signed by Peggy Welborn as Adm)

Assessments & dues

Board prepares annual budget and levies assessment necessary and appropriate; additional assessments if prior insufficient (Declaration Art. III.01)

Special assessments

Allowed if prior assessment insufficient; deemed part of Annual Assessment for that period (Declaration Art. III.01)

Collections & liens

Assessment Lien attaches to each Lot; superior to all other charges except first mortgage and tax liens; non-judicial foreclosure allowed under V.T.C.A. Property Code §51.002 (Declaration Art. IV.01, Art. V.02(b))

Reserves & fees

Budget must contain reasonable reserve fund for extraordinary expenses, periodic maintenance, replacement, and insurance premiums (Declaration Art. III.01)

Pets

Dogs, cats, birds, fish as household pets allowed; other animals require Board approval and rules; no breeding or raising animals without approval (Art. XI(g))

Leasing & rentals

Yes, with conditions (Art. XI(v))

Parking & vehicles

Restricted to approved deliveries, pick-up, short-time guests; subject to Board rules (Art. XI(b))

Architectural approval

All buildings, fences, walls, signs, exterior lights, structures, additions, alterations, excavations, subdivisions, resubdivisions require prior written approval of Architectural Committee as to harmony of design and location (Art. IX)

Signs & flags

Exterior signs prohibited except mailboxes, residential nameplates, 'for sale'/'for rent' signs, and Declarant's sales signs; all require ARC approval except the excepted ones (Art. XI(n))

Maintenance

Association maintains Common Properties and Perimeter Improvements; Owners maintain their Lots; Board may enforce maintenance of Lot if it presents nuisance or detracts from appearance (Art. VI, Art. X, Art. XI(u))

Insurance

Reserve fund for insurance premiums; no explicit requirement for master policy (Art. III.01 (reserve for insurance premi)

Use restrictions

Dwelling Unit defined for single-family residence; no change in intended use without approval; oil/gas/mineral activity prohibited (Art. I.M, Art. XI(q), Art. XI(p))

Voting & meetings

Each Owner has one vote per Lot (Declaration Art. XII); Bylaws: each Member (Owner) has one vote, except for board vacancies in Sections Two and Three where vote weight corresponds to percentage of voting interest under any Subsidiary Decla (Declaration Art. XII.01; Bylaws Section )

Amendments

By affirmative vote of 67% of total votes (each Owner one vote per Lot) and 51% of first mortgagees; also Declarant may amend unilaterally for governmental agency or federally chartered lending institution request (Art. XII.02, XII.06)

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