Willow Pond Homeowners Association, Inc.

Key facts from Willow Pond Homeowners Association, Inc.'s documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Willow Pond Homeowners Association, Inc. (Article I(a))

Developer / declarant

Willow Park Development, L.L.C. (Article I(g))

Assessments & dues

Initial maximum annual assessment for calendar year 2001: $50.00 per Lot per month (Section 5.03(b))

Special assessments

Special capital assessments for capital improvements; assessments over $75.00 per Lot per calendar year require 66-2/3% majority vote (Section 5.04(a))

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose lien and bring action at law against Owner personally; lien subordinate to bona fide first mortgage (Sections 5.08, 5.09, 5.10)

Reserves & fees

Board may establish reserve funds for capital improvements, major repairs not covered by insurance or contractor's bond (Section 6.05)

Pets

Dogs, cats, and other household pets may be kept as long as not kept, bred, or maintained for commercial purposes (Section 9.16)

Parking & vehicles

No vehicle of any kind allowed to park on any street for 24 consecutive hours or more without Architectural Control Committee approval (Section 9.20)

Fences

No metal (except ornamental wrought iron), chain link, or wire fences; fences must be wrought iron, wood, or masonry; no fence over 6 feet high; wood fences must be board-on-board with concrete-set posts and top cap; corner lots facing stre (Section 9.12)

Architectural approval

No building, structure, paving, or improvement of any nature shall be erected on any Lot until Plot Plan, construction plans, specifications, and grading plans submitted to and approved by Architectural Control Committee (Section 10.02)

Signs & flags

No signs, billboards, or advertising structures except 'For Sale' signs not exceeding 6 square feet by residence Owners; Declarant and builders may have signs during construction and sales period (Section 9.22)

Setbacks / home size

Front, side, and rear setbacks per City of Frisco Development Code and Building Codes; variances require Architectural Control Committee approval (Section 9.05)

Insurance

Association may purchase insurance covering Common Properties, improvements, fire and hazard with extended coverage, public liability, fidelity bond, and specific injury/death liability associated with waterfall, pond, jogging/walking path (Section 7.01)

Use restrictions

Each Lot shall be used and occupied for single family residential purposes only; duplex, garage apartment, or other apartment use prohibited (Section 9.02)

Voting & meetings

Class A members (all Owners except Declarant) have one vote per Lot; Class B member (Declarant) has votes equal to one more than total Class A votes, but once Class A lots exceed 3x Class B lots, Class B gets only one vote (Section 3.02(a))

Amendments

Amendments require express written consent of at least 66-2/3% of the outstanding votes of the membership, except Section 9.03 (Minimum Lot Area) requires 75% (Sections 12.02, 9.03)

Amenities

Pond, waterfall, water well, antique street and walk-way lights, jogging/walking path around pond, security gates, sprinkler systems (Preamble, Article I(c))

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