Carnegie Ridge Homeowner

What Carnegie Ridge Homeowner's governing documents say

Carnegie Ridge Homeowners Association is a standard single-family residential HOA in Frisco, TX. These bylaws govern the association's internal operations, not the property-use restrictions (which are in the Declaration). Homeowners automatically become members and are subject to the bylaws, Declaration, and any rules adopted by the Board.

• Membership & voting: Each homeowner (Member) gets one vote per lot. Co-owners share one vote. Members in Good Standing must have paid all assessments and not be in default beyond any cure period (or 30 days after written notice). 25% of aggregate votes (Class A and Class B together) constitutes a quorum. A majority of votes cast is generally needed to pass a matter.
• Developer control period: The Declarant (developer) is a Class B Member with 10 votes per lot owned. During the Development Period and/or Declarant Control Period, the Declarant appoints and removes directors and officers, and appoints the Architectural Control Committee. After that period, homeowner-elected directors take over.
• Board of Directors: The Board has 3–9 directors, all must be owners or their employees/agents. During developer control, Declarant appoints directors for 1-year terms (or until removal). After control period, directors are elected annually by members. A majority of directors constitutes a quorum; acts require a majority of those present. Directors serve without salary.
• Officers: Officers include President, one or more Vice Presidents, Secretary, and Treasurer, each serving 1-year terms. During developer control, Declarant appoints and can remove officers. Afterward, the Board elects officers. One person may hold multiple offices except President cannot also be Secretary.
• Committees: The Board may create committees with or without board authority. The Architectural Control Committee (3–5 members) is a standing committee. During developer control, Declarant appoints and removes its members; afterward, the Board appoints them. The ACC has authority as set in the Declaration.
• Meetings & notice: Annual member meetings require at least 10 business days' written notice; special meetings require at least 3 business days' notice and can be called by the President, Board, or 10% of members. Board meetings require at least 10 business days' notice for annual/regular, 3 business days for special. Proxies valid up to 11 months (members) or 3 months (directors).
• Finances & assessments: The Board sets, collects, and disburses assessments, and adopts an annual budget. Members must pay all assessments to be in Good Standing and eligible to vote. Detailed assessment amounts and enforcement are in the Declaration.
• Indemnification: Directors and officers are entitled to mandatory indemnification for expenses if successful in defense of a proceeding, and discretionary indemnification if they acted in good faith and in the best interests of the association. The association may purchase insurance and advance expenses under certain conditions.

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.