Stacy Crossing

What Stacy Crossing's governing documents say

This is a partial document—a first amendment to the CC&Rs for Stacy Crossing, a planned community in Collin County, Texas. It does not contain the community's full rules; it only replaces Article 15 (Dispute Resolution) and adds Section 5.14 (limiting the Association's power to sue). Readers need the original CC&Rs for other rules like pets, leasing, or architectural standards.

• Dispute resolution & mandatory arbitration: All Claims (defined broadly, including design/construction defects and disputes with the Declarant) must go through a multi-step process: notice, 60-day negotiation, 120-day mediation, and finally binding arbitration by a 3-arbitrator panel under AAA Construction Industry Rules unless Chapter 27 of the Texas Property Code applies. Arbitration is required for all Claims, with limited exceptions for preliminary remedies.
• Association's power to sue: The Association cannot sue on behalf of a single Lot Owner or bring Claims related to the design/construction of Improvements on a Lot without a 67% member vote at a special meeting, an independent engineer's report (Common Area Report), and a 90-day opportunity for the respondent to inspect and correct. The same approvals apply before the Association can even send a Notice of Claim.
• Lot Owner claims on improvements: Before a Lot Owner can sue over construction defects on their own lot, they must obtain an independent engineer's report (Owner Improvement Report), give 10 days' inspection notice, and allow the respondent 90 days to inspect and correct. The Declarant can override this process if a warranty was provided.
• Costs & attorneys' fees: Each party bears its own costs and attorneys' fees throughout the dispute process. Mediator and arbitrator fees are split equally. The Association must fund litigation or arbitration via a special assessment, not from operating income or reserves (unless an arbitration reserve fund was established up front).
• Statutes of limitations: For construction defect claims: 2 years and 1 day from discovery. For other Claims: 4 years and 1 day. For the Association: the same periods apply to Common Area defect claims. In no event are these longer than the applicable Texas statute of limitations.
• What this document doesn't cover: This amendment does not contain the community's everyday rules—such as age restrictions, pet limits, leasing terms, parking rules, architectural review, or assessments. You must read the original Declaration and other governing documents for those details.

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.