The Pinnacle at Craig Ranch Homeowners Association, Inc.

What The Pinnacle at Craig Ranch Homeowners Association, Inc.'s governing documents say

The Pinnacle at Craig Ranch is a single-family homeowners association (HOA) in McKinney, TX. These documents are excerpts of the association's Bylaws and a Covenant Enforcement and Fine Policy, which supplement the full Declaration of Covenants, Conditions and Restrictions (not provided here). The rules bind all lot owners, who automatically become members of the association.

• Working capital fee: A one-time $200 Working Capital Assessment is due from each purchasing owner at the closing of a lot, deposited into the association's operating account.
• Board structure & elections: The Board initially has 3 directors appointed by the Declarant. After the development period, owners elect 3 directors with staggered terms (3, 2, and 1 years initially, then 2‑year terms). Directors must be individual owners or authorized representatives of entity owners.
• Meetings & voting: Owner meetings require 20% quorum (10% minimum if no quorum). Votes can be cast in person, by proxy (valid up to 11 months), or by absentee/electronic ballot. Board meetings require notice to owners and must be held in the county or an adjacent county.
• Enforcement & fines: Violations of governing documents trigger a notice process: a First Notice (for curable or incurable violations), opportunity to cure, and a hearing before the Board. Fines are set by a separate Schedule of Fines recorded in 2022. Repeat offenders within 6 months may receive expedited fines.
• Amending the rules: The Bylaws can be amended by the Declarant during the development period, or by a majority Board vote after the development period (provided it does not conflict with the Declaration and notice includes the amendment).
• What this document doesn't cover: This excerpt does not include the full Declaration (CC&Rs), which would specify use restrictions, architectural guidelines, pet policies, lease restrictions, and detailed assessment amounts. The provided documents are supplemental to the main rulebook.

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.