Floyd Casey

What Floyd Casey's governing documents say

This is a restrictive covenant and development agreement for the Floyd Casey residential development in Waco, Texas (McLennan County). It binds the developer/builder and any future lot owner to specific obligations regarding property tax appraisals, transfers to tax-exempt entities, and timely construction of homes. These covenants run with the land and supplement a Master Declaration and city agreements.

• Property tax appraisal minimums: During the restricted period, you cannot contest the McLennan County Appraisal District's valuation of your lot below a set minimum (e.g., $33,600 for an 8,000–11,000 sq ft lot, $27,200 for a 6,500–7,500 sq ft lot). A protest below that minimum is void and could trigger indemnity claims.
• Transfers to tax-exempt entities: You may not sell or transfer your lot to a tax-exempt entity (like a non-profit or church) without prior written approval from the City of Waco. If you do, you must indemnify the seller and city, including repaying any lost TIF funds.
• Construction deadlines & fees: The builder (or any owner) must start construction on a home within 2 years and complete it within 3 years of the agreement's effective date per lot. Failure triggers a $2,500 annual non-development fee, secured by a lien on the lot.
• Relationship to governing documents: This agreement works alongside the Floyd Casey Master Declaration (dated June 3, 2025) and city agreements (MDA and TIF). It doesn't replace them; it adds extra restrictions.
• What this document doesn't cover: This is not a full HOA rulebook. It doesn't address pets, rentals, architectural review, or common area maintenance. Those are likely in the Master Declaration, which isn't included here.

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.