Cadg Lakewood Hills East

What Cadg Lakewood Hills East's governing documents say

This is a Declaration of Covenants, Conditions and Restrictions for the Josey Lane Public Improvement District (PID) in Lewisville, TX. It is not a full homeowners association rulebook, but rather a notice that certain parcels (including those in Cadg Lakewood Hills East) are subject to a special assessment lien for public improvements. The document binds the current owner of each assessed parcel to pay the assessment, which runs with the land. Prospective buyers, renters, and homeowners should be aware that this assessment is an additional financial obligation on the property.

• PID assessment obligation: Each assessed parcel is subject to a special assessment lien for public improvements (e.g., roads, utilities). The assessment amount is based on lot type and square footage, as detailed in the Assessment Roll. Owners may pay in full at any time or in annual installments with interest. Delinquency can result in foreclosure.
• Homebuyer education program: Builders constructing homes on assessed parcels must (1) include the PID notices and assessment roll as an addendum to every homebuyer contract, (2) provide signed evidence of compliance to the City, (3) display signage in model homes, (4) distribute informational brochures if available, and (5) include the assessment in any estimated monthly ownership costs provided to buyers.
• Lien and foreclosure risk: The assessment lien is a first priority lien on the property, superior to all other liens except property taxes. If the owner defaults, the City can foreclose and sell the property to satisfy the debt. Even if the property is sold or foreclosed for taxes, the unpaid assessments remain a personal liability of the current owner.
• Duration and termination: The declaration and assessment obligations remain effective until all assessments are paid in full. It cannot be amended without the City's consent. Each subsequent owner automatically assumes the obligation.
• What this document doesn't cover: This document does not contain any community rules on pets, parking, leasing, architectural review, or other typical HOA restrictions. It is solely about the PID assessment. Separate governing documents (if any) would address other community standards.

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.