Foxborough Hollow Homeowners Association, Inc.

Key facts from Foxborough Hollow Homeowners Association, Inc.'s documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Named 'Foxborough Hollow Homeowners Asso)

Legal name

Foxborough Hollow Homeowners Association, Inc.

Governing law

Texas Property Code (Notice of Filing: 'a "property owners' a)

Assessments & dues

Board prepares annual budget and establishes contributions of each Owner to common expenses; makes assessments, sets means/methods of collection, and installment periods. (Bylaws, Art. III, Section 3.16(a)(b))

Special assessments

Board may borrow for maintenance, repair, or restoration of Common Areas without member approval. For improvements exceeding 5% of budgeted gross expenses, majority approval required. Mortgage on Common Areas requires majority vote. (Bylaws, Art. III, Section 3.19)

Reserves & fees

Reserve fund may be deposited in depositories other than banks, in the directors' best business judgment. (Bylaws, Art. III, Section 3.16(e))

Maintenance

Board responsible for operation, care, upkeep and maintenance of Common Areas (Section 3.16(c)). No specific allocation of other maintenance responsibilities in Bylaws. (Bylaws, Art. III, Section 3.16(c))

Voting & meetings

Each Member one vote per Lot owned; no cumulative voting; Class A members (all Owners except Declarant) one vote per lot; Class B (Declarant) three votes per lot until conversion. (Bylaws, Art. III, Section 3.05; Articles)

Amendments

Bylaws may be amended by Board or majority of Members at a meeting, subject to Declaration requirements. Articles of Incorporation require assent of three-quarters (3/4) of entire membership. (Bylaws, Art. VI, Section 6.05; Articles,)

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