Preston Meadow North

Key facts from Preston Meadow North's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

LD Development, Ltd., a Texas limited partnership (Page 1, Recitals)

Assessments & dues

$150.00 per Lot (initial, as set by Declarant prior to Association formation) (Article III, Section 3 - "$150.00" "subj)

Special assessments

May be levied by Association by vote of a majority of total eligible votes for capital improvements or other purposes (Article III, Sections 4 and 6)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, superior except to tax liens and first mortgage. May be foreclosed like a mortgage. Personal obligation also exists. (Article III, Section 10)

Reserves & fees

Not explicitly stated; interest provision only (Article III, Section 9 (interest only))

Pets

Commonly accepted domestic pets such as dogs and cats allowed. No lions, tigers, monkeys, apes, gorillas, swine, carnivorous animals other than dogs/cats. (Article IV, Section 14)

Parking & vehicles

Trucks, boats, trailers, campers, motor homes, recreational vehicles, motorcycles, bicycles, automobiles not permitted to park on streets. Vehicles must be in garage if off Lot. Driveway parking allowed. No repair on street. (Article IV, Section 4)

Fences

Fences must be of brick, decorative block, ornamental iron, or wood picket. No portion beyond front wall of residence. (Article V, Section 9)

Architectural approval

Committee must approve or disapprove in writing within 10 days after submission; if no response, approval is deemed granted (Article VI, Section 4)

Setbacks / home size

Must comply with setback lines shown on Subdivision Plat and City of Plano ordinances (Article V, Section 5)

Use restrictions

Each Lot shall be used and occupied for single-family residential purposes only (Article IV, Section 2)

Voting & meetings

Each Owner entitled to one vote per Lot owned (Article II, Section 2)

Amendments

Before completion of subdivision, Declarant may unilaterally amend. After completion, amendment requires Declarant and such other parties as shall hold the Property as security. (Article VII, Section 1)

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